Flex Ltd. (NASDAQ:FLEX) Shares Bought by Advisor OS LLC

Advisor OS LLC grew its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 125.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,775 shares of the technology company’s stock after purchasing an additional 11,021 shares during the quarter. Advisor OS LLC’s holdings in Flex were worth $759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Denali Advisors LLC acquired a new stake in Flex in the fourth quarter worth about $2,805,000. Amalgamated Bank purchased a new position in shares of Flex in the 4th quarter valued at approximately $6,304,000. Bank of New York Mellon Corp boosted its stake in Flex by 210.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,957,477 shares of the technology company’s stock worth $75,148,000 after purchasing an additional 1,327,298 shares in the last quarter. MONECO Advisors LLC purchased a new stake in Flex during the 4th quarter worth approximately $227,000. Finally, Handelsbanken Fonder AB increased its stake in Flex by 19.9% during the 4th quarter. Handelsbanken Fonder AB now owns 43,400 shares of the technology company’s stock valued at $1,666,000 after purchasing an additional 7,200 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Flex Trading Up 3.1 %

Shares of Flex stock opened at $39.76 on Thursday. Flex Ltd. has a fifty-two week low of $25.27 and a fifty-two week high of $45.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.83 and a current ratio of 1.41. The company has a market cap of $15.23 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 2.43 and a beta of 1.10. The firm has a 50-day simple moving average of $41.05 and a two-hundred day simple moving average of $36.92.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Flex had a return on equity of 17.93% and a net margin of 3.95%. As a group, equities analysts predict that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FLEX. StockNews.com raised Flex from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Craig Hallum upped their target price on Flex from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus started coverage on shares of Flex in a research note on Tuesday, February 11th. They set a “buy” rating and a $52.00 price objective for the company. Finally, Barclays raised their target price on shares of Flex from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $44.33.

Insider Buying and Selling

In related news, insider Michael P. Hartung sold 64,807 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $43.89, for a total value of $2,844,379.23. Following the transaction, the insider now directly owns 233,526 shares of the company’s stock, valued at approximately $10,249,456.14. This trade represents a 21.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lay Koon Tan sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $43.25, for a total value of $2,162,500.00. Following the sale, the director now owns 202,850 shares of the company’s stock, valued at approximately $8,773,262.50. This trade represents a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.82% of the stock is owned by insiders.

Flex 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.