Flex Ltd. (NASDAQ:FLEX) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in Flex Ltd. (NASDAQ:FLEX – Get Rating) by 38.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,808 shares of the technology company’s stock after purchasing an additional 8,054 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Flex were worth $618,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC lifted its holdings in shares of Flex by 3.0% in the 4th quarter. Stratos Wealth Advisors LLC now owns 15,262 shares of the technology company’s stock valued at $328,000 after purchasing an additional 451 shares during the last quarter. Creative Planning grew its position in shares of Flex by 0.4% during the third quarter. Creative Planning now owns 152,706 shares of the technology company’s stock worth $2,544,000 after acquiring an additional 536 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Flex by 3.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,753 shares of the technology company’s stock valued at $245,000 after acquiring an additional 556 shares during the period. SummerHaven Investment Management LLC raised its position in Flex by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 53,388 shares of the technology company’s stock valued at $1,146,000 after purchasing an additional 556 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Flex by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 10,020 shares of the technology company’s stock worth $167,000 after purchasing an additional 620 shares during the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.

Analysts Set New Price Targets

FLEX has been the topic of several recent research reports. StockNews.com assumed coverage on Flex in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Citigroup upped their price objective on shares of Flex from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, January 27th.

Flex Stock Up 0.2 %

Flex stock opened at $24.57 on Wednesday. The company has a market cap of $11.08 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. Flex Ltd. has a 1-year low of $13.63 and a 1-year high of $25.14. The stock’s 50 day moving average price is $21.65 and its 200 day moving average price is $22.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.36 and a quick ratio of 0.68.

Insiders Place Their Bets

In other news, Director Erin Mcsweeney sold 10,000 shares of Flex stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $20.60, for a total transaction of $206,000.00. Following the completion of the transaction, the director now owns 29,309 shares of the company’s stock, valued at approximately $603,765.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $20.60, for a total transaction of $206,000.00. Following the completion of the transaction, the director now directly owns 29,309 shares of the company’s stock, valued at approximately $603,765.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rebecca Sidelinger sold 11,221 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $23.29, for a total value of $261,337.09. Following the completion of the sale, the insider now directly owns 114,164 shares in the company, valued at approximately $2,658,879.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,216 shares of company stock worth $579,973. 0.54% of the stock is owned by corporate insiders.

Flex Company Profile

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Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment comprised of Communications, Enterprise and Cloud (CEC) includes data infrastructure, edge infrastructure and communications infrastructure, Lifestyle includes appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices include mobile and high velocity consumer devices.