2 weeks Ago By Defense World Staff
Brandes Investment Partners LP increased its holdings in Flex Ltd. ( NASDAQ:FLEX – Free Report ) by 8.3% in the second quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 2,055,170 shares of the technology company’s stock after purchasing an additional 157,516 shares during the period. Brandes Investment Partners LP owned approximately 0.52% of Flex worth $60,592,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Boston Partners lifted its position in Flex by 113.8% in the first quarter.
Boston Partners now owns 19,168,208 shares of the technology company’s stock valued at $548,519,000 after purchasing an additional 10,201,162 shares during the last quarter. Merewether Investment Management LP bought a new stake in Flex in the 2nd quarter worth $72,808,000. Westfield Capital Management Co.
LP bought a new position in shares of Flex during the first quarter valued at about $51,543,000. Point72 Asset Management L.P.
boosted its holdings in shares of Flex by 1,242.5% during the second quarter. Point72 Asset Management L.
P. now owns 728,900 shares of the technology company’s stock worth $21,495,000 after purchasing an additional 792,700 shares during the period. Finally, Troluce Capital Advisors LLC grew its stake in shares of Flex by 104.
3% in the fourth quarter. Troluce Capital Advisors LLC now owns 1,125,000 shares of the technology company’s stock worth $34,268,000 after purchasing an additional 574,308 shares during the last quarter. Institutional investors own 94.
30% of the company’s stock. Flex Stock Down 1.3 % Flex stock opened at $33.
56 on Monday. Flex Ltd. has a 12 month low of $21.
84 and a 12 month high of $34.42. The stock has a fifty day simple moving average of $30.
95 and a two-hundred day simple moving average of $30.16. The company has a current ratio of 1.
40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.53.
The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.
92 and a beta of 1.09. Analyst Upgrades and Downgrades Several research firms recently weighed in on FLEX.
Stifel Nicolaus lifted their price target on shares of Flex from $32.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 25th.
StockNews.com upgraded Flex from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Barclays increased their price objective on Flex from $34.
00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. JPMorgan Chase & Co.
upped their target price on shares of Flex from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd.
Finally, Craig Hallum raised shares of Flex from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $39.00 in a research report on Thursday, July 25th.
Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $38.40.
Read Our Latest Report on FLEX Insider Buying and Selling In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $31.78, for a total value of $255,129.
84. Following the transaction, the insider now owns 175,468 shares of the company’s stock, valued at $5,576,373.04.
The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . In other Flex news, EVP David Scott Offer sold 10,000 shares of Flex stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $31.
99, for a total transaction of $319,900.00. Following the transaction, the executive vice president now owns 168,094 shares of the company’s stock, valued at $5,377,327.
06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, insider Kwang Hooi Tan sold 8,028 shares of Flex stock in a transaction on Monday, July 29th.
The shares were sold at an average price of $31.78, for a total transaction of $255,129.84.
Following the transaction, the insider now owns 175,468 shares in the company, valued at approximately $5,576,373.04. The disclosure for this sale can be found here .
Over the last quarter, insiders have sold 28,028 shares of company stock worth $904,530. 0.82% of the stock is owned by insiders.
About Flex ( Free Report ) 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. Recommended Stories Five stocks we like better than Flex Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index 3 Bargain Stocks Under $20 With Major Growth Potential Low PE Growth Stocks: Unlocking Investment Opportunities Top 5 ETFs to Own Now and Into 2025 What Does Downgrade Mean in Investing? Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding FLEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flex Ltd.
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