Credit Suisse AG lifted its stake in shares of Flex Ltd. (NASDAQ:FLEX – Get Rating) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 709,147 shares of the technology company’s stock after purchasing an additional 126,555 shares during the period. Credit Suisse AG owned 0.16% of Flex worth $15,218,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Flex by 1.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 434,212 shares of the technology company’s stock valued at $7,234,000 after buying an additional 4,750 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Flex in the fourth quarter worth about $483,000. Twinbeech Capital LP purchased a new stake in shares of Flex during the 3rd quarter valued at approximately $1,888,000. Ensign Peak Advisors Inc raised its holdings in Flex by 10.1% during the 3rd quarter. Ensign Peak Advisors Inc now owns 93,270 shares of the technology company’s stock valued at $1,554,000 after acquiring an additional 8,590 shares during the period. Finally, First Hawaiian Bank lifted its position in shares of Flex by 41.2% during the fourth quarter. First Hawaiian Bank now owns 36,400 shares of the technology company’s stock worth $781,000 after acquiring an additional 10,618 shares in the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.
Insider Buying and Selling at Flex
In related news, CEO Revathi Advaithi sold 47,893 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $26.07, for a total value of $1,248,570.51. Following the sale, the chief executive officer now directly owns 1,424,759 shares of the company’s stock, valued at $37,143,467.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Flex news, CAO Daniel Wendler sold 1,241 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $26.07, for a total value of $32,352.87. Following the completion of the sale, the chief accounting officer now owns 17,025 shares in the company, valued at $443,841.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Revathi Advaithi sold 47,893 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $26.07, for a total transaction of $1,248,570.51. Following the sale, the chief executive officer now directly owns 1,424,759 shares of the company’s stock, valued at approximately $37,143,467.13. The disclosure for this sale can be found here. Insiders have sold a total of 213,243 shares of company stock valued at $5,526,891 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.
Analysts Set New Price Targets
Flex Stock Down 0.6 %
FLEX opened at $26.39 on Friday. The firm has a market capitalization of $11.73 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. Flex Ltd. has a one year low of $13.63 and a one year high of $26.75. The company has a fifty day moving average price of $22.72 and a 200-day moving average price of $22.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 0.78.
Flex Profile
Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment comprised of Communications, Enterprise and Cloud (CEC) includes data infrastructure, edge infrastructure and communications infrastructure, Lifestyle includes appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices include mobile and high velocity consumer devices.
Featured Articles
- Get a free copy of the StockNews.com research report on Flex (FLEX)
- Hooker Furnishings Discount To Book, A Value Play?
- REV Group Shifts Into High Gear: Double-Digit Upside Ahead
- Can Kirkland’s Cycle Pick Up Again? Earnings May Have An Answer
- Don’t Bet On A Rally In Stitch Fix, Invest In The Future
- 2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
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 – Get Rating).
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.
