Actinver Wealth Management Inc. Acquires Shares of 12,014 Flex Ltd (FLEX)

Actinver Wealth Management Inc. acquired a new position in shares of Flex Ltd (NASDAQ:FLEX) in the 4th quarter, Holdings Channel reports. The fund acquired 12,014 shares of the technology company’s stock, valued at approximately $196,000.

Several other institutional investors also recently modified their holdings of the stock. Comerica Bank raised its holdings in shares of Flex by 43.0% in the fourth quarter. Comerica Bank now owns 52,154 shares of the technology company’s stock worth $463,000 after acquiring an additional 15,678 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Flex during the 4th quarter worth about $98,000. Legal & General Group Plc increased its position in Flex by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 2,538,034 shares of the technology company’s stock worth $33,299,000 after purchasing an additional 60,739 shares in the last quarter. Highland Capital Management LP acquired a new position in Flex in the 3rd quarter valued at about $1,443,000. Finally, United Services Automobile Association raised its stake in Flex by 46.7% in the 4th quarter. United Services Automobile Association now owns 2,217,152 shares of the technology company’s stock valued at $16,873,000 after purchasing an additional 705,875 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Shares of NASDAQ:FLEX opened at $10.93 on Friday. The firm has a market capitalization of $5.65 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 0.91 and a beta of 1.78. Flex Ltd has a 52 week low of $6.74 and a 52 week high of $17.50. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.94.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, January 30th. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Flex had a return on equity of 4.47% and a net margin of 0.52%. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts anticipate that Flex Ltd will post 0.66 earnings per share for the current fiscal year.

FLEX has been the topic of a number of recent research reports. ValuEngine upgraded shares of Flex from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub upgraded shares of Flex from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. JPMorgan Chase & Co. lowered shares of Flex from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $12.00 in a research report on Wednesday, January 2nd. Zacks Investment Research raised shares of Flex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Wolfe Research initiated coverage on shares of Flex in a research note on Tuesday, December 11th. They set a “market perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.17.

WARNING: This report was reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thestockobserver.com/2019/04/07/actinver-wealth-management-inc-acquires-shares-of-12014-flex-ltd-flex.html.

About Flex

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.

Featured Article: Earnings Reports

Want to see what other hedge funds are holding FLEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flex Ltd (NASDAQ:FLEX).

Institutional Ownership by Quarter for Flex (NASDAQ:FLEX)

Receive News & Ratings for Flex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex and related companies with MarketBeat.com's FREE daily email newsletter.