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

Howard Capital Management LLC acquired a new stake in Flex Ltd. (NASDAQ:FLEX) during the 3rd quarter, Holdings Channel reports. The firm acquired 7,717 shares of the technology company’s stock, valued at approximately $849,000.

A number of other hedge funds have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its position in shares of Flex by 14.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 783 shares of the technology company’s stock worth $86,000 after purchasing an additional 99 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Flex by 7.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,449 shares of the technology company’s stock worth $223,000 after purchasing an additional 100 shares in the last quarter. JSF Financial LLC lifted its holdings in Flex by 0.6% in the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 115 shares in the last quarter. WealthPlan Investment Management LLC lifted its holdings in Flex by 5.3% in the 3rd quarter. WealthPlan Investment Management LLC now owns 2,312 shares of the technology company’s stock worth $254,000 after purchasing an additional 116 shares in the last quarter. Finally, Glenview Trust Co boosted its stake in Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock worth $247,000 after purchasing an additional 125 shares during the period. Institutional investors own 94.30% of the company’s stock.

Insider Transactions at Flex

In other Flex news, insider Michael P. Hartung sold 2,755 shares of Flex stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the sale, the insider owned 243,175 shares of the company’s stock, valued at $29,336,632. The trade was a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.

Flex Trading Down 8.2%

Shares of FLEX stock opened at $90.46 on Friday. Flex Ltd. has a 12-month low of $53.07 and a 12-month high of $166.86. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95. The stock’s 50-day moving average price is $112.75 and its 200-day moving average price is $118.70. The stock has a market capitalization of $33.42 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67.

Flex (NASDAQ:FLEX) last posted its earnings results on Friday, June 26th. The technology company reported $1.00 EPS for the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%. The company had revenue of $7.93 billion for the quarter. Equities research analysts predict that Flex Ltd. will post 4.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FLEX shares. Raymond James Financial set a $170.00 price objective on shares of Flex and gave the company an “outperform” rating in a report on Wednesday, July 29th. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of Flex from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Barclays dropped their target price on shares of Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $142.00 target price on shares of Flex in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and a consensus target price 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.