8,041 Shares in Flex Ltd. $FLEX Acquired by Expressive Wealth LLC

Expressive Wealth LLC purchased a new position in shares of Flex Ltd. (NASDAQ:FLEXFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,041 shares of the technology company’s stock, valued at approximately $486,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Flex by 196.1% in the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after purchasing an additional 25,662,586 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Flex by 17.7% in the third quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company’s stock worth $138,749,000 after purchasing an additional 360,553 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Flex in the fourth quarter worth approximately $2,497,000. Winnow Wealth LLC purchased a new stake in shares of Flex in the third quarter worth approximately $1,058,000. Finally, Nordea Investment Management AB purchased a new stake in shares of Flex in the fourth quarter worth approximately $2,056,000. 94.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLEX has been the subject of several analyst reports. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Robert W. Baird set a $165.00 price objective on Flex in a research note on Thursday, May 7th. Stifel Nicolaus upped their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. upped their target price on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, KeyCorp upped their target price on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Flex has an average rating of “Moderate Buy” and an average target price of $112.80.

Check Out Our Latest Report on Flex

Insider Buying and Selling at Flex

In other Flex news, EVP David Scott Offer sold 22,212 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.40, for a total transaction of $3,162,988.80. Following the sale, the executive vice president owned 74,926 shares in the company, valued at $10,669,462.40. This represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 22,216 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.38, for a total value of $3,163,114.08. Following the sale, the insider owned 232,706 shares in the company, valued at approximately $33,132,680.28. This represents a 8.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 329,512 shares of company stock valued at $44,459,298 in the last quarter. Insiders own 0.57% of the company’s stock.

Flex Price Performance

Shares of NASDAQ FLEX opened at $143.24 on Wednesday. The stock has a fifty day simple moving average of $93.62 and a two-hundred day simple moving average of $73.73. Flex Ltd. has a 1-year low of $41.43 and a 1-year high of $147.34. The firm has a market cap of $52.48 billion, a price-to-earnings ratio of 61.48, a price-to-earnings-growth ratio of 0.70 and a beta of 1.46. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEXGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business had revenue of $7.48 billion during the quarter. Analysts anticipate that Flex Ltd. will post 4.15 earnings per share for the current year.

About Flex

(Free Report)

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.

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Institutional Ownership by Quarter for Flex (NASDAQ:FLEX)

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