Flex Ltd. (NASDAQ:FLEX) EVP David Scott Offer sold 14,040 shares of the business’s stock in a transaction on Thursday, January 7th. The stock was sold at an average price of $19.34, for a total transaction of $271,533.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Scott Offer also recently made the following trade(s):

  • On Tuesday, December 1st, David Scott Offer sold 21,890 shares of Flex stock. The shares were sold at an average price of $16.56, for a total value of $362,498.40.

FLEX stock opened at $18.57 on Thursday. The stock has a market capitalization of $9.31 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.16 and a beta of 1.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.46 and a quick ratio of 0.96. Flex Ltd. has a 1-year low of $5.36 and a 1-year high of $19.54. The business has a fifty day moving average price of $17.52 and a 200-day moving average price of $13.39.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, October 29th. The technology company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.09. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.54 billion. Flex had a return on equity of 11.01% and a net margin of 1.41%. Flex’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. As a group, analysts anticipate that Flex Ltd. will post 0.81 earnings per share for the current year.

A number of research firms have recently weighed in on FLEX. Royal Bank of Canada raised Flex from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $12.00 to $16.00 in a research note on Friday, October 16th. JPMorgan Chase & Co. downgraded Flex from an “overweight” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Friday, December 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Flex from a “hold” rating to a “strong sell” rating and set a $9.50 target price on the stock. in a report on Tuesday, September 29th. Smith Barney Citigroup upped their price target on shares of Flex from $17.00 to $21.00 in a report on Monday, December 21st. Finally, TheStreet raised shares of Flex from a “c” rating to a “b-” rating in a report on Friday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.93.

A number of institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its position in Flex by 8.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 100,977 shares of the technology company’s stock worth $1,037,000 after purchasing an additional 7,990 shares during the period. Stifel Financial Corp boosted its stake in shares of Flex by 4.0% in the 2nd quarter. Stifel Financial Corp now owns 110,194 shares of the technology company’s stock worth $1,130,000 after buying an additional 4,241 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of Flex in the second quarter worth $431,000. Bank of America Corp DE increased its position in Flex by 8.2% during the second quarter. Bank of America Corp DE now owns 7,794,827 shares of the technology company’s stock valued at $79,897,000 after acquiring an additional 591,361 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Flex during the second quarter valued at $150,000. Institutional investors own 85.76% of the company’s stock.

About Flex

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

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Insider Buying and Selling by Quarter for Flex (NASDAQ:FLEX)

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