Plexus Corp. (PLXS) Receives Average Rating of “Hold” from Brokerages

Plexus Corp. (NASDAQ:PLXS) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $60.75.

PLXS has been the topic of a number of analyst reports. Zacks Investment Research raised Plexus from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Thursday, March 22nd. JPMorgan Chase & Co. set a $70.00 target price on Plexus and gave the company a “hold” rating in a report on Friday, March 16th. BidaskClub raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 5th. TheStreet raised Plexus from a “c+” rating to a “b” rating in a report on Wednesday, April 25th. Finally, ValuEngine lowered Plexus from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd.

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In other Plexus news, VP Ronnie Darroch sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $59.22, for a total value of $112,518.00. Following the sale, the vice president now owns 9,918 shares of the company’s stock, valued at approximately $587,343.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David J. Drury sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $58.66, for a total value of $293,300.00. Following the completion of the sale, the director now directly owns 13,500 shares in the company, valued at approximately $791,910. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLXS. Aperio Group LLC lifted its position in shares of Plexus by 16.8% in the 4th quarter. Aperio Group LLC now owns 14,762 shares of the technology company’s stock worth $896,000 after acquiring an additional 2,120 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Plexus in the 4th quarter worth approximately $702,000. California Public Employees Retirement System lifted its position in shares of Plexus by 2.7% in the 4th quarter. California Public Employees Retirement System now owns 89,134 shares of the technology company’s stock worth $5,412,000 after acquiring an additional 2,340 shares during the period. First Trust Advisors LP lifted its position in shares of Plexus by 5.4% in the 4th quarter. First Trust Advisors LP now owns 32,575 shares of the technology company’s stock worth $1,978,000 after acquiring an additional 1,673 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Plexus by 18.7% in the 4th quarter. Wells Fargo & Company MN now owns 64,672 shares of the technology company’s stock worth $3,927,000 after acquiring an additional 10,193 shares during the period. 96.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ PLXS opened at $61.66 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.03 billion, a PE ratio of 19.03 and a beta of 0.84. Plexus has a 52 week low of $49.20 and a 52 week high of $66.78.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, April 25th. The technology company reported $0.74 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.74. The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $691.05 million. Plexus had a positive return on equity of 10.96% and a negative net margin of 1.19%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. research analysts expect that Plexus will post 3.21 earnings per share for the current year.

About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.

Vision Sciences (CGNT) Receiving Somewhat Positive News Coverage, Report Finds

News coverage about Vision Sciences (NASDAQ:CGNT) has trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vision Sciences earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the medical device company an impact score of 43.7920504117832 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

CGNT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Vision Sciences from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Monday, April 2nd. Roth Capital lowered shares of Vision Sciences from a “buy” rating to a “hold” rating and set a $4.00 price target for the company. in a research note on Friday, March 23rd. Finally, Aegis lowered shares of Vision Sciences from a “buy” rating to a “hold” rating and set a $4.75 price target for the company. in a research note on Tuesday, March 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.50.

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Shares of NASDAQ:CGNT remained flat at $$3.85 during trading on Friday. The stock has a market capitalization of $234.49 million, a P/E ratio of -385.00 and a beta of 0.58. Vision Sciences has a 12 month low of $1.55 and a 12 month high of $3.92.

Vision Sciences (NASDAQ:CGNT) last released its earnings results on Friday, March 30th. The medical device company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Vision Sciences had a negative net margin of 1.57% and a negative return on equity of 1.39%. The business had revenue of $15.54 million for the quarter, compared to the consensus estimate of $15.49 million. equities analysts forecast that Vision Sciences will post 0.01 earnings per share for the current year.

Vision Sciences Company Profile

Cogentix Medical, Inc, a medical device company, designs, develops, manufactures, and markets fiberoptic and video endoscopy products under the PrimeSight brand worldwide. The company offers endoscopes, such as cystoscopes, laryngoscopes, transnasal esophagoscopes, and bronchoscopes for medical use; and borescopes for industrial use, as well as digital processing units for medical use.

Principal Financial Group Inc. Acquires 6,588 Shares of Trex Company Inc (TREX)

Principal Financial Group Inc. grew its holdings in Trex Company Inc (NYSE:TREX) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,288 shares of the construction company’s stock after purchasing an additional 6,588 shares during the quarter. Principal Financial Group Inc. owned approximately 0.84% of Trex worth $26,789,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Trex by 33.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,986 shares of the construction company’s stock worth $216,000 after purchasing an additional 501 shares during the last quarter. Commerce Bank purchased a new stake in shares of Trex in the 4th quarter valued at $217,000. Wedbush Securities Inc. purchased a new stake in shares of Trex in the 4th quarter valued at $222,000. Sei Investments Co. boosted its holdings in shares of Trex by 90.6% in the 1st quarter. Sei Investments Co. now owns 2,390 shares of the construction company’s stock valued at $260,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Invictus RG purchased a new stake in shares of Trex in the 4th quarter valued at $266,000. Institutional investors and hedge funds own 89.03% of the company’s stock.

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Trex opened at $125.82 on Monday, according to Marketbeat.com. Trex Company Inc has a 1 year low of $66.50 and a 1 year high of $129.75. The firm has a market capitalization of $3.70 billion, a P/E ratio of 39.82 and a beta of 2.27.

Trex (NYSE:TREX) last posted its earnings results on Monday, May 7th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. Trex had a net margin of 17.63% and a return on equity of 45.74%. The firm had revenue of $171.20 million during the quarter, compared to analysts’ expectations of $172.18 million. During the same period in the previous year, the business posted $0.48 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. research analysts anticipate that Trex Company Inc will post 4.28 earnings per share for the current year.

Trex declared that its board has authorized a share buyback program on Wednesday, February 21st that authorizes the company to buyback 2,900,000 shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Several research firms have recently commented on TREX. Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 price objective (up from $50.00) on shares of Trex in a report on Thursday, February 22nd. B. Riley upped their price objective on shares of Trex to $63.00 and gave the company a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, February 27th. Finally, Sidoti raised shares of Trex from a “neutral” rating to a “buy” rating and set a $63.50 price objective on the stock in a report on Tuesday, May 8th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.17.

In other Trex news, Director Frank H. Merlotti, Jr. sold 1,481 shares of the company’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $111.50, for a total transaction of $165,131.50. Following the completion of the transaction, the director now directly owns 11,674 shares in the company, valued at $1,301,651. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan Horix Fairbanks sold 2,472 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $113.94, for a total transaction of $281,659.68. Following the transaction, the chief financial officer now owns 22,183 shares of the company’s stock, valued at $2,527,531.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,130 shares of company stock valued at $3,303,841. Company insiders own 1.17% of the company’s stock.

About Trex

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.