TD Private Client Wealth LLC Has $589,000 Holdings in Flex Ltd. $FLEX

TD Private Client Wealth LLC lessened its position in shares of Flex Ltd. (NASDAQ:FLEX) by 43.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,750 shares of the technology company’s stock after selling 7,623 shares during the quarter. TD Private Client Wealth LLC’s holdings in Flex were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Flex by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after purchasing an additional 181 shares in the last quarter. Parcion Private Wealth LLC grew its holdings in shares of Flex by 1.5% during the 4th quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock worth $855,000 after purchasing an additional 216 shares in the last quarter. US Bancorp DE grew its holdings in shares of Flex by 1.2% during the 3rd quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock worth $1,144,000 after purchasing an additional 225 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of Flex by 3.4% during the 3rd quarter. Modera Wealth Management LLC now owns 7,011 shares of the technology company’s stock worth $406,000 after purchasing an additional 231 shares in the last quarter. Finally, Tower Wealth Partners Inc. grew its holdings in shares of Flex by 3.7% during the 3rd quarter. Tower Wealth Partners Inc. now owns 6,980 shares of the technology company’s stock worth $405,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Price Performance

Shares of FLEX stock opened at $131.07 on Friday. The stock’s fifty day simple moving average is $89.26 and its 200 day simple moving average is $72.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. Flex Ltd. has a one year low of $40.15 and a one year high of $147.34. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 56.25, a P/E/G ratio of 0.69 and a beta of 1.46.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm had revenue of $7.48 billion during the quarter. On average, analysts expect that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Insider Transactions at Flex

In other Flex news, EVP David Scott Offer sold 22,212 shares of Flex stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.40, for a total value of $3,162,988.80. Following the completion of the transaction, the executive vice president owned 74,926 shares in the company, valued at approximately $10,669,462.40. The trade was a 22.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 22,216 shares of Flex stock in a transaction on Monday, May 11th. The shares were sold at an average price of $142.38, for a total value of $3,163,114.08. Following the completion of the transaction, the insider owned 232,706 shares of the company’s stock, valued at approximately $33,132,680.28. The trade was a 8.71% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 226,512 shares of company stock worth $30,720,858. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on FLEX shares. Robert W. Baird set a $165.00 price target on Flex in a research note on Thursday, May 7th. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Barclays boosted their price target on Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Raymond James Financial set a $80.00 price target on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.80.

Flex Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.