11,787 Shares in Flex Ltd. (NASDAQ:FLEX) Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC bought a new position in shares of Flex Ltd. (NASDAQ:FLEXFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,787 shares of the technology company’s stock, valued at approximately $359,000.

A number of other institutional investors have also added to or reduced their stakes in FLEX. FMR LLC increased its holdings in shares of Flex by 0.6% in the third quarter. FMR LLC now owns 44,662,657 shares of the technology company’s stock valued at $1,204,998,000 after purchasing an additional 247,024 shares during the last quarter. Boston Partners increased its holdings in shares of Flex by 7.5% in the fourth quarter. Boston Partners now owns 8,967,046 shares of the technology company’s stock valued at $272,891,000 after purchasing an additional 624,414 shares during the last quarter. LSV Asset Management increased its holdings in shares of Flex by 0.7% in the fourth quarter. LSV Asset Management now owns 7,047,273 shares of the technology company’s stock valued at $214,660,000 after purchasing an additional 51,068 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Flex by 5.7% in the third quarter. Vanguard Group Inc. now owns 5,581,270 shares of the technology company’s stock valued at $150,583,000 after acquiring an additional 302,086 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Flex in the fourth quarter valued at about $165,000,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Trading Up 2.4 %

FLEX opened at $32.74 on Tuesday. The company’s 50 day moving average is $29.77 and its 200-day moving average is $27.85. Flex Ltd. has a 1-year low of $21.84 and a 1-year high of $34.12. The company has a current ratio of 1.52, a quick ratio of 0.79 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.15 billion, a P/E ratio of 14.23, a PEG ratio of 2.14 and a beta of 1.13.

Flex (NASDAQ:FLEXGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Flex had a net margin of 3.58% and a return on equity of 16.46%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.10 billion. Equities research analysts predict that Flex Ltd. will post 2.06 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Revathi Advaithi sold 161,052 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.65, for a total value of $4,614,139.80. Following the sale, the chief executive officer now directly owns 1,903,404 shares in the company, valued at approximately $54,532,524.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Revathi Advaithi sold 161,052 shares of Flex stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.65, for a total transaction of $4,614,139.80. Following the sale, the chief executive officer now directly owns 1,903,404 shares in the company, valued at approximately $54,532,524.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael D. Capellas sold 78,872 shares of Flex stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $33.64, for a total transaction of $2,653,254.08. Following the sale, the director now owns 219,037 shares in the company, valued at $7,368,404.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 440,824 shares of company stock worth $13,419,218. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Craig Hallum downgraded shares of Flex from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $27.00 in a research note on Thursday, May 2nd. StockNews.com downgraded shares of Flex from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. upped their price target on shares of Flex from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. The Goldman Sachs Group upped their price target on shares of Flex from $29.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Barclays increased their price objective on shares of Flex from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

View Our Latest Stock Analysis on FLEX

Flex Company Profile

(Free Report)

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.

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Institutional Ownership by Quarter for Flex (NASDAQ:FLEX)

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