Flex Ltd. (NASDAQ:FLEX) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 187,282 shares of the technology company’s stock after selling 2,122 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Flex were worth $6,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC grew its stake in shares of Flex by 24.6% during the first quarter. SG Americas Securities LLC now owns 8,766 shares of the technology company’s stock valued at $251,000 after acquiring an additional 1,729 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Flex by 22.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 18,087 shares of the technology company’s stock worth $517,000 after purchasing an additional 3,342 shares during the last quarter. Blair William & Co. IL raised its position in shares of Flex by 7.7% in the 1st quarter. Blair William & Co. IL now owns 12,378 shares of the technology company’s stock valued at $354,000 after purchasing an additional 884 shares in the last quarter. Twin Tree Management LP boosted its stake in shares of Flex by 29,912.0% during the 1st quarter. Twin Tree Management LP now owns 97,239 shares of the technology company’s stock valued at $2,782,000 after buying an additional 96,915 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Flex in the first quarter worth $51,543,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Wall Street Analysts Forecast Growth

FLEX has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on Flex from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. StockNews.com raised Flex from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Craig Hallum boosted their price target on Flex from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Flex from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $40.83.

Flex Trading Down 0.6 %

NASDAQ:FLEX opened at $37.64 on Friday. Flex Ltd. has a 12-month low of $21.84 and a 12-month high of $40.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 0.85. The business has a 50 day simple moving average of $33.82 and a 200 day simple moving average of $31.77. The firm has a market capitalization of $14.60 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.41 and a beta of 1.08.

Insider Transactions at Flex

In other Flex news, EVP David Scott Offer sold 10,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $31.99, for a total transaction of $319,900.00. Following the sale, the executive vice president now directly owns 168,094 shares in the company, valued at approximately $5,377,327.06. The trade was a 5.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles K. Stevens III sold 13,157 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the transaction, the director now owns 55,713 shares of the company’s stock, valued at $2,155,535.97. This trade represents a 19.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,185 shares of company stock worth $1,442,555. Insiders own 0.82% of the company’s stock.

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.