Signaturefd LLC Increases Holdings in Flex Ltd. (NASDAQ:FLEX)

Signaturefd LLC raised its holdings in Flex Ltd. (NASDAQ:FLEX) by 14.3% during the first quarter, Holdings Channel.com reports. The firm owned 5,795 shares of the technology company’s stock after purchasing an additional 726 shares during the period. Signaturefd LLC’s holdings in Flex were worth $106,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sowell Financial Services LLC raised its position in Flex by 1,344.6% in the fourth quarter. Sowell Financial Services LLC now owns 1,459 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,358 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Flex in the fourth quarter valued at $27,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Flex in the fourth quarter valued at $140,000. Alpha DNA Investment Management LLC acquired a new stake in shares of Flex in the fourth quarter valued at $144,000. Finally, Tompkins Financial Corp acquired a new stake in shares of Flex in the fourth quarter valued at $80,000. Institutional investors own 96.26% of the company’s stock.

In other Flex news, EVP David Scott Offer sold 121,071 shares of the business’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $16.74, for a total transaction of $2,026,728.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Francois Barbier sold 128,583 shares of the business’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $16.74, for a total transaction of $2,152,479.42. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Shares of FLEX opened at $17.53 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.96 and a current ratio of 1.46. The stock has a market capitalization of $8.75 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.19 and a beta of 1.64. The company’s fifty day moving average is $18.06 and its two-hundred day moving average is $17.62. Flex Ltd. has a 1 year low of $8.98 and a 1 year high of $20.04.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, May 5th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $5.82 billion. Flex had a net margin of 1.41% and a return on equity of 11.01%. Flex’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Sell-side analysts predict that Flex Ltd. will post 0.81 EPS for the current year.

FLEX has been the subject of a number of research reports. Cross Research raised Flex from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, May 12th. JPMorgan Chase & Co. raised Flex from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $21.00 to $22.00 in a research note on Friday, February 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on Flex from $22.00 to $25.00 in a research note on Friday, May 7th. Citigroup upped their price objective on Flex from $22.00 to $25.00 in a research report on Friday, May 7th. Finally, Craig Hallum upped their price objective on Flex from $24.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, February 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Flex currently has a consensus rating of “Buy” and an average price target of $22.63.

About Flex

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

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Institutional Ownership by Quarter for Flex (NASDAQ:FLEX)

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