Flex Ltd (NASDAQ:FLEX) CFO Sells $95,661.72 in Stock

Flex Ltd (NASDAQ:FLEX) CFO Christopher Collier sold 9,996 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $9.57, for a total transaction of $95,661.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Christopher Collier also recently made the following trade(s):

  • On Monday, June 17th, Christopher Collier sold 12,119 shares of Flex stock. The stock was sold at an average price of $8.97, for a total transaction of $108,707.43.
  • On Tuesday, June 11th, Christopher Collier sold 12,890 shares of Flex stock. The stock was sold at an average price of $9.61, for a total transaction of $123,872.90.

Shares of NASDAQ FLEX opened at $9.49 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.81. The stock has a 50-day simple moving average of $9.63. Flex Ltd has a 52-week low of $6.74 and a 52-week high of $15.38. The company has a market capitalization of $4.78 billion, a PE ratio of 54.76, a P/E/G ratio of 0.58 and a beta of 1.85.

Flex (NASDAQ:FLEX) last issued its earnings results on Tuesday, April 30th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. Flex had a net margin of 0.36% and a return on equity of 3.03%. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.41 billion. During the same quarter last year, the company posted $0.28 earnings per share. Flex’s revenue was down 3.3% on a year-over-year basis. On average, research analysts anticipate that Flex Ltd will post 0.98 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Primecap Management Co. CA lifted its holdings in Flex by 0.3% in the first quarter. Primecap Management Co. CA now owns 77,418,159 shares of the technology company’s stock worth $774,182,000 after acquiring an additional 221,900 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Flex by 1.5% in the first quarter. Victory Capital Management Inc. now owns 20,483,838 shares of the technology company’s stock worth $204,838,000 after acquiring an additional 307,781 shares during the last quarter. FMR LLC lifted its holdings in Flex by 71.7% in the first quarter. FMR LLC now owns 17,803,429 shares of the technology company’s stock worth $178,034,000 after acquiring an additional 7,437,416 shares during the last quarter. Iridian Asset Management LLC CT bought a new position in Flex in the first quarter worth about $111,243,000. Finally, Deutsche Bank AG increased its stake in shares of Flex by 242.6% in the fourth quarter. Deutsche Bank AG now owns 10,302,561 shares of the technology company’s stock valued at $78,401,000 after purchasing an additional 7,295,561 shares during the period. 94.47% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on FLEX shares. Goldman Sachs Group raised shares of Flex from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, June 6th. BidaskClub raised shares of Flex from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. ValuEngine raised shares of Flex from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of Flex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised shares of Flex from a “neutral” rating to an “overweight” rating and set a $12.00 price target on the stock in a research report on Wednesday, May 29th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.00.

Flex Company Profile

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.

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