11 hours Ago By ABMN Staff
Marshall Wace LLP cut its position in shares of Flex Ltd. ( NASDAQ:FLEX – Free Report ) by 93.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 30,933 shares of the technology company’s stock after selling 478,814 shares during the quarter. Marshall Wace LLP’s holdings in Flex were worth $1,188,000 as of its most recent filing with the SEC. A number of other institutional investors also recently bought and sold shares of FLEX.
United Services Automobile Association acquired a new position in shares of Flex during the 4th quarter worth $982,000. Brandywine Global Investment Management LLC grew its stake in Flex by 219.2% in the 4th quarter.
Brandywine Global Investment Management LLC now owns 133,349 shares of the technology company’s stock valued at $5,119,000 after acquiring an additional 91,571 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in Flex in the 4th quarter valued at about $7,864,000. Raymond James Financial Inc.
acquired a new stake in Flex in the 4th quarter valued at about $32,293,000. Finally, American Century Companies Inc. grew its stake in Flex by 19.
7% in the 4th quarter. American Century Companies Inc. now owns 693,846 shares of the technology company’s stock valued at $26,637,000 after acquiring an additional 114,350 shares during the last quarter.
94.30% of the stock is currently owned by hedge funds and other institutional investors. Flex Trading Down 0.
6 % Shares of FLEX stock opened at $34.88 on Wednesday. The firm has a market cap of $13.
36 billion, a P/E ratio of 14.06, a PEG ratio of 2.43 and a beta of 0.
99. Flex Ltd. has a 1-year low of $25.
11 and a 1-year high of $45.10. The company has a debt-to-equity ratio of 0.
63, a current ratio of 1.41 and a quick ratio of 0.83.
The firm’s 50-day simple moving average is $33.75 and its 200-day simple moving average is $37.36.
Insider Transactions at Flex In related news, insider Michael P. Hartung sold 64,807 shares of the firm’s stock in a transaction that occurred on 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 owns 233,526 shares in the company, valued at approximately $10,249,456.
14. This trade represents a 21.72 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, Director Lay Koon Tan sold 50,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $43.
25, for a total transaction of $2,162,500.00. Following the completion of the sale, the director now directly owns 202,850 shares of the company’s stock, valued at $8,773,262.
50. This trade represents a 19.77 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 0.82% of the company’s stock.
Analyst Upgrades and Downgrades A number of brokerages recently commented on FLEX. StockNews.com raised shares of Flex from a “hold” rating to a “buy” rating in a research note on Friday, February 14th.
The Goldman Sachs Group lowered their price objective on shares of Flex from $53.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th.
Stifel Nicolaus started coverage on shares of Flex in a report on Tuesday, February 11th. They issued a “buy” rating and a $52.00 target price on the stock.
KeyCorp reduced their target price on shares of Flex from $46.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th.
Finally, JPMorgan Chase & Co. reduced their target price on shares of Flex from $52.00 to $40.
00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $43.67.
Get Our Latest Analysis on FLEX Flex Company Profile ( Free Report ) 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. Further Reading 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 .
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