Flex Ltd. (NASDAQ:FLEX) Shares Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC boosted its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 83.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,145 shares of the technology company’s stock after acquiring an additional 5,961 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Flex were worth $376,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FLEX. Tower Research Capital LLC TRC raised its position in Flex by 416.0% during the third quarter. Tower Research Capital LLC TRC now owns 24,291 shares of the technology company’s stock worth $655,000 after acquiring an additional 19,583 shares during the period. Rehmann Capital Advisory Group grew its holdings in shares of Flex by 5.6% during the third quarter. Rehmann Capital Advisory Group now owns 13,447 shares of the technology company’s stock worth $363,000 after buying an additional 717 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Flex by 17.6% during the third quarter. Lazard Asset Management LLC now owns 17,840 shares of the technology company’s stock worth $480,000 after buying an additional 2,672 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Flex by 5.7% during the third quarter. AQR Capital Management LLC now owns 201,151 shares of the technology company’s stock worth $5,427,000 after buying an additional 10,866 shares in the last quarter. Finally, Wahed Invest LLC grew its holdings in shares of Flex by 8.1% during the third quarter. Wahed Invest LLC now owns 7,077 shares of the technology company’s stock worth $191,000 after buying an additional 530 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLEX has been the subject of a number of research reports. Craig Hallum lowered shares of Flex from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a report on Thursday, May 2nd. Barclays upped their target price on shares of Flex from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. StockNews.com raised shares of Flex from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. The Goldman Sachs Group upped their target price on shares of Flex from $29.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Flex from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Insiders Place Their Bets

In other Flex news, insider Kwang Hooi Tan sold 14,599 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.65, for a total transaction of $418,261.35. Following the completion of the transaction, the insider now owns 163,656 shares of the company’s stock, valued at $4,688,744.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Daniel Wendler sold 1,670 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $32.53, for a total transaction of $54,325.10. Following the sale, the chief accounting officer now owns 27,060 shares of the company’s stock, valued at $880,261.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kwang Hooi Tan sold 14,599 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $28.65, for a total transaction of $418,261.35. Following the sale, the insider now directly owns 163,656 shares in the company, valued at approximately $4,688,744.40. The disclosure for this sale can be found here. Insiders sold a total of 804,542 shares of company stock valued at $25,147,972 over the last 90 days. 0.82% of the stock is owned by company insiders.

Flex Trading Down 0.6 %

Shares of FLEX traded down $0.19 during mid-day trading on Tuesday, reaching $29.47. The stock had a trading volume of 2,572,176 shares, compared to its average volume of 4,729,168. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.52 and a quick ratio of 0.79. Flex Ltd. has a 52-week low of $21.84 and a 52-week high of $34.12. The business’s fifty day moving average is $30.55 and its 200 day moving average is $28.37. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.97 and a beta of 1.12.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. Flex had a net margin of 3.58% and a return on equity of 16.46%. On average, sell-side analysts predict that Flex Ltd. will post 2.06 EPS for the current fiscal year.

About Flex

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.