Flex Ltd. (NASDAQ:FLEX) EVP David Scott Offer Sells 34,097 Shares

Flex Ltd. (NASDAQ:FLEX) EVP David Scott Offer sold 34,097 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $28.65, for a total transaction of $976,879.05. Following the sale, the executive vice president now owns 145,692 shares of the company’s stock, valued at approximately $4,174,075.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 20th, David Scott Offer sold 75,000 shares of Flex stock. The stock was sold at an average price of $27.52, for a total transaction of $2,064,000.00.

Flex Trading Up 0.7 %

Shares of NASDAQ FLEX opened at $28.90 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 1.59. Flex Ltd. has a 52 week low of $21.58 and a 52 week high of $30.93. The business has a 50 day simple moving average of $28.54 and a 200 day simple moving average of $26.94. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.74 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FLEX shares. JPMorgan Chase & Co. raised their price target on Flex from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Barclays increased their price target on shares of Flex from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Craig Hallum lowered shares of Flex from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $27.00 in a research report on Thursday, May 2nd. The Goldman Sachs Group boosted their price target on Flex from $29.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, StockNews.com began coverage on Flex in a research report on Wednesday, March 6th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Flex currently has an average rating of “Moderate Buy” and a consensus price target of $32.83.

Institutional Investors Weigh In On Flex

Several hedge funds have recently made changes to their positions in FLEX. Troluce Capital Advisors LLC grew its position in Flex by 101.2% in the third quarter. Troluce Capital Advisors LLC now owns 550,692 shares of the technology company’s stock valued at $14,858,000 after acquiring an additional 48,097,992 shares during the period. Norges Bank acquired a new stake in Flex in the fourth quarter worth about $165,000,000. Schonfeld Strategic Advisors LLC raised its position in shares of Flex by 211.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,409,636 shares of the technology company’s stock valued at $38,032,000 after acquiring an additional 956,676 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Flex by 63.9% during the 4th quarter. California Public Employees Retirement System now owns 2,423,404 shares of the technology company’s stock worth $73,817,000 after buying an additional 944,928 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of Flex by 57.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,815,591 shares of the technology company’s stock valued at $48,985,000 after buying an additional 665,076 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Company 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.