Profit Investment Management buys $1,329,978 stake in Plexus Corp. (PLXS)

Plexus Corp. (PLXS) : Profit Investment Management scooped up 11,359 additional shares in Plexus Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 29,256 shares of Plexus Corp. which is valued at $1,329,978.Plexus Corp. makes up approximately 1.34% of Profit Investment Management’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in PLXS in the latest quarter, The investment management firm added 25,183 additional shares and now holds a total of 48,860 shares of Plexus Corp. which is valued at $2,269,547.Fisher Asset Management boosted its stake in PLXS in the latest quarter, The investment management firm added 2,830 additional shares and now holds a total of 798,814 shares of Plexus Corp. which is valued at $37,927,689. Plexus Corp. makes up approx 0.07% of Fisher Asset Management’s portfolio. Simplex Trading sold out all of its stake in PLXS during the most recent quarter. The investment firm sold 4,132 shares of PLXS which is valued $193,460.

Plexus Corp. closed down -1.03 points or -2.17% at $46.45 with 84,473 shares getting traded on Tuesday. Post opening the session at $47.41, the shares hit an intraday low of $46.2 and an intraday high of $47.42 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Plexus Corp. reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.77. The company had revenue of $667.61 million for the quarter, compared to analysts expectations of $655.43 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Plexus Corp.. Company shares were Reiterated by Needham on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .

Plexus Corp. (Plexus) and its subsidiaries are engaged in the Electronic Manufacturing Services (EMS) industry. The Company delivers optimized solutions to its customers through its Product Realization Value Stream. Plexus delivers end-to-end solutions for customers in the Americas (AMER) Europe Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company serves approximately 140 product companies in the Networking/Communications Healthcare/Life Sciences Industrial/Commercial and Defense/Security/Aerospace market sectors. The Company provides its solutions on a turnkey basis and it procures some or all materials required for product assembly and also provides select services on a consignment basis. The Company’s Design for Excellence (DFX) solutions consist of collection of specific design solutions including design for test design for manufacturability/assembly and design for fabrication.

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