Flex Ltd. $FLEX Shares Newly Purchased by Howard Capital Management LLC

Howard Capital Management LLC purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,717 shares of the technology company’s stock, valued at approximately $849,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLEX. V Square Quantitative Management LLC boosted its holdings in shares of Flex by 48.1% in the third quarter. V Square Quantitative Management LLC now owns 3,027 shares of the technology company’s stock worth $333,000 after buying an additional 983 shares during the last quarter. Brindle & Bay Financial Advisors LLC grew its position in Flex by 48.4% during the third quarter. Brindle & Bay Financial Advisors LLC now owns 1,899 shares of the technology company’s stock valued at $209,000 after buying an additional 619 shares during the period. WealthPlan Investment Management LLC grew its position in Flex by 5.3% during the third quarter. WealthPlan Investment Management LLC now owns 2,312 shares of the technology company’s stock valued at $254,000 after buying an additional 116 shares during the period. Viking Fund Management LLC increased its holdings in Flex by 53.3% during the third quarter. Viking Fund Management LLC now owns 23,000 shares of the technology company’s stock valued at $2,530,000 after buying an additional 8,000 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Flex by 700.5% during the third quarter. Mather Group LLC. now owns 1,489 shares of the technology company’s stock valued at $164,000 after buying an additional 1,303 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Stock Down 8.2%

FLEX stock opened at $90.46 on Friday. Flex Ltd. has a twelve month low of $53.07 and a twelve month high of $166.86. The company has a quick ratio of 0.89, a current ratio of 1.38 and a debt-to-equity ratio of 0.95. The stock has a market cap of $33.42 billion, a P/E ratio of 34.93, a PEG ratio of 0.46 and a beta of 1.67. The business’s 50-day moving average price is $112.75 and its 200-day moving average price is $118.70.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. The company had revenue of $7.93 billion during the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%. On average, equities research analysts forecast that Flex Ltd. will post 4.27 EPS for the current year.

Insider Buying and Selling at Flex

In other Flex news, insider Michael P. Hartung sold 2,755 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the transaction, the insider directly owned 243,175 shares in the company, valued at $29,336,632. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FLEX. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Robert W. Baird set a $142.00 price objective on shares of Flex in a research report on Thursday, July 30th. Weiss Ratings lowered Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. Finally, Wall Street Zen raised Flex from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Flex has an average rating of “Moderate Buy” and a consensus price target of $119.67.

Flex Company Profile

Flex Ltd. (NASDAQ:FLEX) is a global manufacturing and supply-chain solutions provider that helps companies design, build and deliver products. The company works with original equipment manufacturers and other brands across the product life cycle, from product design and engineering through manufacturing, logistics and aftermarket services.

Its capabilities include electronics manufacturing, printed circuit board assembly, systems integration, mechanical manufacturing, testing, product development and supply-chain management.