DekaBank Deutsche Girozentrale raised its position in Flextronics International Ltd. (NASDAQ:FLEX) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 351,816 shares of the technology company’s stock after buying an additional 20,008 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Flextronics International were worth $5,778,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its stake in Flextronics International by 26.1% in the first quarter. Toronto Dominion Bank now owns 5,969 shares of the technology company’s stock worth $100,000 after buying an additional 1,234 shares during the last quarter. Keybank National Association OH purchased a new stake in Flextronics International during the first quarter worth approximately $199,000. Cambridge Investment Research Advisors Inc. boosted its stake in Flextronics International by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,087 shares of the technology company’s stock worth $203,000 after buying an additional 516 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Flextronics International during the first quarter worth approximately $214,000. Finally, Ronald Blue & Co. LLC boosted its stake in Flextronics International by 8.8% in the first quarter. Ronald Blue & Co. LLC now owns 13,062 shares of the technology company’s stock worth $219,000 after buying an additional 1,059 shares during the last quarter. 92.54% of the stock is currently owned by institutional investors.

Flextronics International Ltd. (NASDAQ FLEX) opened at 15.81 on Wednesday. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 25.14 and a beta of 0.79. Flextronics International Ltd. has a 1-year low of $12.41 and a 1-year high of $17.76. The firm’s 50-day moving average is $16.39 and its 200 day moving average is $16.40.

Flextronics International (NASDAQ:FLEX) last issued its earnings results on Thursday, July 27th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Flextronics International had a return on equity of 20.46% and a net margin of 1.41%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts anticipate that Flextronics International Ltd. will post $1.09 EPS for the current fiscal year.

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A number of research firms have commented on FLEX. ValuEngine upgraded shares of Flextronics International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Flextronics International from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Macquarie assumed coverage on shares of Flextronics International in a research report on Thursday, June 22nd. They set a “neutral” rating on the stock. Needham & Company LLC lifted their price objective on shares of Flextronics International from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $19.50 price objective (up previously from $17.50) on shares of Flextronics International in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Flextronics International has a consensus rating of “Buy” and a consensus target price of $17.75.

In other news, Director Willy C. Shih sold 25,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $16.03, for a total transaction of $400,750.00. Following the completion of the transaction, the director now directly owns 206,895 shares in the company, valued at approximately $3,316,526.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christopher Collier sold 17,875 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $16.75, for a total value of $299,406.25. Following the transaction, the chief financial officer now owns 700,531 shares of the company’s stock, valued at $11,733,894.25. The disclosure for this sale can be found here. Insiders sold a total of 1,133,609 shares of company stock valued at $18,584,817 over the last ninety days. Corporate insiders own 0.83% of the company’s stock.

About Flextronics International

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

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Institutional Ownership by Quarter for Flextronics International (NASDAQ:FLEX)

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