Flex Ltd. (NASDAQ:FLEX - Get Free Report) insider Kwang Hooi Tan sold 8,027 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $29.29, for a total value of $235,110.83. Following the transaction, the insider now owns 151,691 shares in the company, valued at approximately $4,443,029.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Kwang Hooi Tan also recently made the following trade(s):
- On Thursday, May 9th, Kwang Hooi Tan sold 14,599 shares of Flex stock. The stock was sold at an average price of $28.65, for a total transaction of $418,261.35.
- On Wednesday, March 13th, Kwang Hooi Tan sold 8,027 shares of Flex stock. The stock was sold at an average price of $28.81, for a total value of $231,257.87.
Flex Trading Up 1.0 %
Flex stock traded up $0.28 during mid-day trading on Friday, hitting $28.99. The company's stock had a trading volume of 210,990 shares, compared to its average volume of 4,971,973. Flex Ltd. has a one year low of $21.58 and a one year high of $30.93. The stock has a market cap of $12.21 billion, a PE ratio of 12.48, a P/E/G ratio of 1.74 and a beta of 1.18. The company has a 50 day moving average of $28.54 and a 200-day moving average of $26.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 1.59.
Analyst Ratings Changes
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FLEX has been the topic of a number of analyst reports. StockNews.com assumed coverage on shares of Flex in a research note on Wednesday, March 6th. They issued a "hold" rating on the stock. Barclays increased their target price on Flex from $30.00 to $34.00 and gave the company an "overweight" rating in a research note 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. Craig Hallum cut Flex from a "buy" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $27.00 in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Flex from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.83.
Check Out Our Latest Stock Analysis on Flex
Institutional Investors Weigh In On Flex
A number of institutional investors have recently added to or reduced their stakes in FLEX. Ardsley Advisory Partners LP grew its stake in shares of Flex by 11.5% during the third quarter. Ardsley Advisory Partners LP now owns 393,500 shares of the technology company's stock worth $10,617,000 after acquiring an additional 40,500 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Flex during the fourth quarter valued at $2,909,000. abrdn plc grew its holdings in Flex by 106.0% during the fourth quarter. abrdn plc now owns 146,524 shares of the technology company's stock worth $4,463,000 after acquiring an additional 75,387 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Flex by 21.8% during the 4th quarter. Vontobel Holding Ltd. now owns 201,902 shares of the technology company's stock valued at $6,150,000 after purchasing an additional 36,082 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Flex by 9.3% during the 3rd quarter. Legal & General Group Plc now owns 2,291,905 shares of the technology company's stock worth $61,836,000 after acquiring an additional 195,447 shares in the last quarter. Institutional investors own 94.30% of the company's stock.
About Flex
(
Get 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.
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