Flex Ltd (NASDAQ:FLEX) EVP Sells $60,887.64 in Stock

Flex Ltd (NASDAQ:FLEX) EVP David Scott Offer sold 6,369 shares of Flex stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $9.56, for a total transaction of $60,887.64. The sale was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ FLEX opened at $9.49 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 52.72, a PEG ratio of 0.58 and a beta of 1.85. Flex Ltd has a one year low of $6.74 and a one year high of $15.38. The company has a fifty day simple moving average of $9.63.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.41 billion. Flex had a net margin of 0.36% and a return on equity of 3.03%. Flex’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Research analysts anticipate that Flex Ltd will post 0.98 EPS for the current year.

FLEX has been the topic of several research analyst reports. Goldman Sachs Group upgraded shares of Flex from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, June 6th. BidaskClub upgraded shares of Flex from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. ValuEngine upgraded shares of Flex from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded shares of Flex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded shares of Flex from a “neutral” rating to an “overweight” rating and set a $12.00 price target on the stock in a research note on Wednesday, May 29th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Flex has a consensus rating of “Hold” and a consensus target price of $12.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV increased its stake in Flex by 1.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 58,900 shares of the technology company’s stock valued at $589,000 after purchasing an additional 992 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Flex by 1.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 122,845 shares of the technology company’s stock valued at $1,228,000 after acquiring an additional 1,601 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of Flex by 13.5% in the first quarter. Wetherby Asset Management Inc. now owns 13,481 shares of the technology company’s stock valued at $135,000 after acquiring an additional 1,606 shares in the last quarter. Front Row Advisors LLC boosted its holdings in shares of Flex by 646.9% in the first quarter. Front Row Advisors LLC now owns 2,547 shares of the technology company’s stock valued at $25,000 after acquiring an additional 2,206 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Flex by 4.6% in the first quarter. Comerica Bank now owns 54,561 shares of the technology company’s stock valued at $605,000 after acquiring an additional 2,407 shares in the last quarter. Institutional investors own 94.47% of the company’s stock.

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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