Flex Ltd. (NASDAQ:FLEX) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 465,248 shares of the technology company's stock after selling 46,323 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Flex worth $15,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLEX. CX Institutional bought a new position in Flex in the 1st quarter valued at $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Flex during the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in Flex in the 4th quarter valued at about $38,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Flex by 112.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 960 shares of the technology company's stock worth $38,000 after acquiring an additional 509 shares during the period. Finally, GAMMA Investing LLC grew its stake in Flex by 231.2% during the first quarter. GAMMA Investing LLC now owns 1,636 shares of the technology company's stock valued at $54,000 after acquiring an additional 1,142 shares in the last quarter. 94.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLEX. KeyCorp reaffirmed an "overweight" rating on shares of Flex in a report on Tuesday, June 3rd. JPMorgan Chase & Co. reduced their target price on shares of Flex from $52.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Bank of America boosted their price objective on shares of Flex from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Barclays raised their price target on Flex from $49.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen lowered Flex from a "strong-buy" rating to a "buy" rating in a research note on Friday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Flex currently has an average rating of "Buy" and an average price target of $46.00.

Flex Trading Up 0.1%

Shares of NASDAQ:FLEX traded up $0.03 during trading on Monday, hitting $49.92. The company had a trading volume of 4,147,069 shares, compared to its average volume of 3,994,863. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 0.79. Flex Ltd. has a one year low of $25.11 and a one year high of $50.62. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04. The company has a fifty day simple moving average of $41.18 and a two-hundred day simple moving average of $38.88.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.22 billion. Flex had a return on equity of 19.01% and a net margin of 3.25%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. As a group, equities analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Transactions at Flex

In other news, CEO Revathi Advaithi sold 181,028 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $42.91, for a total value of $7,767,911.48. Following the completion of the sale, the chief executive officer owned 1,463,695 shares of the company's stock, valued at approximately $62,807,152.45. This represents a 11.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael P. Hartung sold 35,393 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total value of $1,517,297.91. Following the sale, the insider owned 293,195 shares of the company's stock, valued at $12,569,269.65. This trade represents a 10.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,135,941 shares of company stock worth $47,582,965 in the last ninety days. 0.57% of the stock is owned by company insiders.

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.