11,247 Shares in Flex Ltd. (NASDAQ:FLEX) Acquired by Everpar Advisors LLC

Everpar Advisors LLC bought a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,247 shares of the technology company’s stock, valued at approximately $343,000.

A number of other large investors have also recently added to or reduced their stakes in FLEX. Cornerstone Planning Group LLC purchased a new stake in shares of Flex in the 3rd quarter valued at approximately $30,000. CWM LLC lifted its position in shares of Flex by 92.5% in the 4th quarter. CWM LLC now owns 1,609 shares of the technology company’s stock valued at $49,000 after acquiring an additional 773 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Flex by 276.6% in the 4th quarter. Fifth Third Bancorp now owns 1,981 shares of the technology company’s stock valued at $60,000 after acquiring an additional 1,455 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Flex in the 4th quarter valued at approximately $75,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Flex in the 4th quarter valued at approximately $77,000. 94.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Kwang Hooi Tan sold 8,027 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total transaction of $231,257.87. Following the transaction, the insider now owns 159,718 shares in the company, valued at approximately $4,601,475.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP David Scott Offer sold 75,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were 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 in the company, valued at approximately $4,460,826.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kwang Hooi Tan sold 8,027 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total transaction of $231,257.87. Following the completion of the transaction, the insider now owns 159,718 shares in the company, valued at $4,601,475.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,943 shares of company stock worth $4,055,311. 0.56% of the stock is owned by corporate insiders.

Flex Stock Down 2.0 %

Shares of Flex stock traded down $0.58 during midday trading on Wednesday, reaching $28.56. 8,108,056 shares of the company’s stock traded hands, compared to its average volume of 5,051,823. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The company’s 50 day simple moving average is $28.52 and its 200 day simple moving average is $26.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 1.59. Flex Ltd. has a 52 week low of $20.69 and a 52 week high of $30.93.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FLEX. JPMorgan Chase & Co. upped their price target on shares of Flex from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. StockNews.com assumed coverage on shares of Flex in a research report on Wednesday, March 6th. They issued a “hold” rating for the company. Barclays increased their target price on shares of Flex from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group increased their target price on shares of Flex from $29.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Craig Hallum downgraded shares of Flex from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Flex has an average rating of “Moderate Buy” and a consensus target price of $32.83.

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.