Universal Beteiligungs und Servicegesellschaft mbH Buys 9,968 Shares of Flex Ltd. $FLEX

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Flex Ltd. (NASDAQ:FLEX) by 4.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 236,672 shares of the technology company’s stock after purchasing an additional 9,968 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Flex worth $13,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FLEX. Hilltop National Bank purchased a new position in shares of Flex in the 2nd quarter valued at approximately $351,000. Dynasty Wealth Management LLC raised its holdings in Flex by 80.1% in the third quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company’s stock worth $2,528,000 after purchasing an additional 19,388 shares in the last quarter. Sowell Financial Services LLC lifted its position in Flex by 220.6% during the third quarter. Sowell Financial Services LLC now owns 24,891 shares of the technology company’s stock valued at $1,443,000 after buying an additional 17,128 shares during the period. Ethic Inc. grew its position in shares of Flex by 140.2% in the 3rd quarter. Ethic Inc. now owns 46,553 shares of the technology company’s stock worth $2,699,000 after buying an additional 27,169 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Flex by 192.7% in the 3rd quarter. SG Americas Securities LLC now owns 597,899 shares of the technology company’s stock worth $34,660,000 after acquiring an additional 393,620 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FLEX shares. Barclays dropped their price objective on shares of Flex from $78.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Jefferies Financial Group reissued a “hold” rating and issued a $23.00 price target on shares of Flex in a research report on Wednesday, November 12th. JPMorgan Chase & Co. raised their price objective on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Bank of America boosted their target price on Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their target price on Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.11.

Flex Trading Down 1.5%

Flex stock opened at $63.78 on Friday. Flex Ltd. has a one year low of $25.11 and a one year high of $72.22. The business’s fifty day moving average is $62.44 and its 200 day moving average is $58.36. The stock has a market capitalization of $23.59 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83.

Insider Transactions at Flex

In other news, Director Michael E. Hurlston sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $58.00, for a total transaction of $580,000.00. Following the completion of the transaction, the director directly owned 58,561 shares of the company’s stock, valued at $3,396,538. The trade was a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the sale, the chief financial officer owned 143,803 shares in the company, valued at $8,805,057.69. This represents a 12.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 128,906 shares of company stock valued at $7,904,439. Company insiders own 0.57% of the company’s stock.

Flex Company 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.