Flex Ltd. (NASDAQ:FLEX) Director Charles K. Stevens III Sells 13,157 Shares of Stock

Flex Ltd. (NASDAQ:FLEX) Director Charles K. Stevens III sold 13,157 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total value of $509,044.33. Following the completion of the transaction, the director now owns 55,713 shares of the company’s stock, valued at approximately $2,155,535.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Flex Stock Up 0.2 %

NASDAQ FLEX opened at $40.09 on Friday. The company has a market capitalization of $15.55 billion, a P/E ratio of 17.74, a PEG ratio of 2.30 and a beta of 1.08. Flex Ltd. has a 12 month low of $21.84 and a 12 month high of $40.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 0.85. The company’s 50 day simple moving average is $33.39 and its 200 day simple moving average is $31.55.

Institutional Investors Weigh In On Flex

Several large investors have recently modified their holdings of FLEX. First Horizon Advisors Inc. raised its holdings in Flex by 23.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the technology company’s stock worth $53,000 after buying an additional 305 shares during the period. Raymond James Trust N.A. lifted its position in shares of Flex by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 20,307 shares of the technology company’s stock valued at $599,000 after acquiring an additional 360 shares in the last quarter. Stephens Inc. AR boosted its stake in Flex by 2.6% in the 3rd quarter. Stephens Inc. AR now owns 14,106 shares of the technology company’s stock worth $472,000 after purchasing an additional 361 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Flex by 5.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,299 shares of the technology company’s stock valued at $251,000 after purchasing an additional 471 shares during the period. Finally, Huntington National Bank boosted its position in shares of Flex by 87.9% in the third quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock worth $34,000 after buying an additional 479 shares during the period. 94.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FLEX shares. Stifel Nicolaus raised their price objective on Flex from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Craig Hallum boosted their price objective on Flex from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. KeyCorp began coverage on Flex in a report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 target price on the stock. StockNews.com raised Flex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group set a $39.00 target price on shares of Flex in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $40.83.

Flex Company Profile

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.