Flex Ltd (NASDAQ:FLEX) saw unusually large options trading on Thursday. Stock traders acquired 5,036 call options on the company. This represents an increase of approximately 938% compared to the average daily volume of 485 call options.

NASDAQ:FLEX opened at $10.31 on Friday. Flex has a 1 year low of $6.74 and a 1 year high of $18.40. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.30 and a beta of 1.79.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Flex had a return on equity of 4.47% and a net margin of 0.52%. The firm had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that Flex will post 0.66 earnings per share for the current year.

A number of large investors have recently bought and sold shares of FLEX. Geode Capital Management LLC boosted its position in shares of Flex by 80.3% during the fourth quarter. Geode Capital Management LLC now owns 700,162 shares of the technology company’s stock worth $5,302,000 after buying an additional 311,812 shares during the period. Norges Bank acquired a new position in shares of Flex during the fourth quarter worth about $38,403,000. Actinver Wealth Management Inc. acquired a new position in shares of Flex during the fourth quarter worth about $196,000. FMR LLC boosted its position in shares of Flex by 350.5% during the fourth quarter. FMR LLC now owns 10,366,013 shares of the technology company’s stock worth $78,886,000 after buying an additional 8,065,169 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of Flex by 2.1% during the fourth quarter. APG Asset Management N.V. now owns 349,299 shares of the technology company’s stock worth $2,325,000 after buying an additional 7,200 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on FLEX. BidaskClub downgraded Flex from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut Flex from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Zacks Investment Research raised Flex from a “strong sell” rating to a “hold” rating in a research note on Monday, December 31st. Wolfe Research started coverage on Flex in a research note on Tuesday, December 11th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. cut Flex from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $14.00 to $12.00 in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.17.

WARNING: This report was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2019/03/16/investors-buy-large-volume-of-call-options-on-flex-flex.html.

About Flex

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.

Featured Story: Debt-To-Equity Ratio

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.