Measured Wealth Private Client Group LLC Buys New Stake in Flex Ltd. (NASDAQ:FLEX)

Measured Wealth Private Client Group LLC bought a new stake in shares of Flex Ltd. (NASDAQ:FLEX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,184 shares of the technology company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sapient Capital LLC purchased a new position in shares of Flex in the fourth quarter worth $774,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Flex in the fourth quarter worth $212,000. LSV Asset Management raised its holdings in shares of Flex by 0.7% in the fourth quarter. LSV Asset Management now owns 7,047,273 shares of the technology company’s stock worth $214,660,000 after buying an additional 51,068 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Flex by 319.7% in the fourth quarter. First Horizon Advisors Inc. now owns 4,613 shares of the technology company’s stock worth $141,000 after buying an additional 3,514 shares during the last quarter. Finally, New York Life Investment Management LLC raised its holdings in shares of Flex by 7.6% in the fourth quarter. New York Life Investment Management LLC now owns 50,159 shares of the technology company’s stock worth $1,528,000 after buying an additional 3,559 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on FLEX shares. Craig Hallum cut shares of Flex from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $27.00 in a report on Thursday. Barclays upped their price target on shares of Flex from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on Flex from $29.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. upped their target price on Flex from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, StockNews.com assumed coverage on Flex in a research report on Wednesday, March 6th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Flex Price Performance

NASDAQ FLEX traded up $0.48 during trading hours on Friday, reaching $27.90. The company’s stock had a trading volume of 7,558,170 shares, compared to its average volume of 4,047,069. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86. Flex Ltd. has a 1-year low of $19.85 and a 1-year high of $30.93. The company’s 50-day moving average is $28.46 and its two-hundred day moving average is $26.84. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.74 and a beta of 1.18.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.73 billion. Flex had a return on equity of 15.88% and a net margin of 3.58%. On average, equities analysts predict that Flex Ltd. will post 2.14 EPS for the current year.

Insiders Place Their Bets

In other news, insider Rebecca Sidelinger sold 13,675 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $27.99, for a total transaction of $382,763.25. Following the completion of the sale, the insider now owns 161,913 shares of the company’s stock, valued at $4,531,944.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Rebecca Sidelinger sold 13,675 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $27.99, for a total value of $382,763.25. Following the transaction, the insider now owns 161,913 shares in the company, valued at $4,531,944.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael P. Hartung sold 43,381 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $30.51, for a total value of $1,323,554.31. Following the sale, the insider now owns 154,810 shares of the company’s stock, valued at $4,723,253.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,943 shares of company stock worth $4,055,311. Company insiders own 0.56% of the company’s stock.

Flex Company 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.