Flex Ltd. (NASDAQ:FLEX) Stock Holdings Boosted by LSV Asset Management

LSV Asset Management grew its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,047,273 shares of the technology company's stock after acquiring an additional 51,068 shares during the period. LSV Asset Management owned about 1.62% of Flex worth $214,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Stratos Wealth Advisors LLC lifted its position in Flex by 3.1% in the third quarter. Stratos Wealth Advisors LLC now owns 14,952 shares of the technology company's stock valued at $403,000 after acquiring an additional 452 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Flex by 3.8% in the third quarter. Oppenheimer & Co. Inc. now owns 13,657 shares of the technology company's stock valued at $368,000 after acquiring an additional 497 shares during the last quarter. Wahed Invest LLC lifted its position in Flex by 8.1% in the third quarter. Wahed Invest LLC now owns 7,077 shares of the technology company's stock valued at $191,000 after acquiring an additional 530 shares during the last quarter. Park Avenue Securities LLC lifted its position in Flex by 1.5% in the third quarter. Park Avenue Securities LLC now owns 40,768 shares of the technology company's stock valued at $1,100,000 after acquiring an additional 589 shares during the last quarter. Finally, Veracity Capital LLC raised its holdings in shares of Flex by 7.8% in the fourth quarter. Veracity Capital LLC now owns 8,253 shares of the technology company's stock valued at $251,000 after buying an additional 599 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Insider Buying and Selling

In other Flex news, insider Rebecca Sidelinger sold 13,675 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $27.99, for a total value of $382,763.25. Following the sale, the insider now owns 161,913 shares of the company's stock, valued at $4,531,944.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Flex news, insider Rebecca Sidelinger sold 13,675 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $27.99, for a total value of $382,763.25. Following the sale, the insider now owns 161,913 shares of the company's stock, valued at $4,531,944.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Scott Offer sold 75,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $27.52, for a total value of $2,064,000.00. Following the transaction, the executive vice president now directly owns 162,094 shares of the company's stock, valued at approximately $4,460,826.88. The disclosure for this sale can be found here. Insiders have sold a total of 141,943 shares of company stock worth $4,055,311 in the last quarter. Company insiders own 0.56% of the company's stock.

Analyst Ratings Changes

FLEX has been the subject of a number of research reports. Craig Hallum cut shares of Flex from a "buy" rating to a "hold" rating and reduced their target price for the company from $28.00 to $27.00 in a report on Thursday. 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 report on Thursday, April 11th. Barclays upped their target price on shares of Flex from $30.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday. StockNews.com initiated coverage on shares of Flex in a report on Wednesday, March 6th. They issued a "hold" rating for the company. Finally, The Goldman Sachs Group upped their target price on shares of Flex from $29.00 to $37.00 and gave the company a "buy" rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.83.

Flex Price Performance

Shares of NASDAQ FLEX traded up $0.48 during trading on Friday, hitting $27.90. 7,558,170 shares of the company were exchanged, compared to its average volume of 4,047,069. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86. Flex Ltd. has a 1 year low of $19.85 and a 1 year high of $30.93. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.74 and a beta of 1.18. The firm's fifty day moving average price is $28.46 and its 200 day moving average price is $26.85.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.10. Flex had a net margin of 3.58% and a return on equity of 15.88%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.73 billion. On average, sell-side analysts expect that Flex Ltd. will post 2.14 earnings per share for the current fiscal year.

Flex 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.