Flex Ltd Has Another Very Positive Options Trading Session

 Flex Ltd Has Another Very Positive Options Trading Session

In today’s session Flex Ltd (FLEX) registered an unusually high (1,864) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FLEX increase. With 1,864 contracts traded and 33274 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FLEX170120C00014000 closed last at: $0.57 or 14.9% down. About 727,797 shares traded hands. Flex Ltd (NASDAQ:FLEX) has risen 19.63% since March 14, 2016 and is uptrending. It has outperformed by 14.02% the S&P500.

Flex Ltd (NASDAQ:FLEX) Ratings Coverage

Out of 14 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 79% are positive. Flextronics International Ltd. has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Flex Ltd (NASDAQ:FLEX) earned “Buy” rating by Argus Research on Friday, January 29. The stock of Flex Ltd (NASDAQ:FLEX) has “Buy” rating given on Friday, October 9 by B. Riley & Co. On Tuesday, April 26 the stock rating was initiated by JP Morgan with “Overweight”. The firm has “Outperform” rating given on Friday, January 15 by RBC Capital Markets. The rating was maintained by Needham on Tuesday, October 20 with “Buy”. Citigroup maintained it with “Neutral” rating and $13 target price in Wednesday, October 21 report. RBC Capital Markets maintained Flex Ltd (NASDAQ:FLEX) rating on Thursday, August 27. RBC Capital Markets has “Outperform” rating and $14 price target. The rating was maintained by Citigroup on Friday, April 29 with “Buy”. The company was upgraded on Friday, December 11 by Citigroup. The stock of Flex Ltd (NASDAQ:FLEX) earned “Strong Buy” rating by Raymond James on Friday, January 29.

According to Zacks Investment Research, “Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking, consumer electronics and computer industries. The company’s strategy is to provide customers with the ability to outsource, on a global basis, a complete product wherethe company’s take responsibility for engineering, supply chain management, assembly, integration, test and logistics management. The company provides complete product design services, including electrical and mechanical, circuit and layout.”

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.21, from 1.05 in 2016Q1. The ratio is positive, as 28 funds sold all Flex Ltd shares owned while 100 reduced positions. 52 funds bought stakes while 109 increased positions. They now own 436.77 million shares or 2.18% more from 427.45 million shares in 2016Q1.
Lba Wealth Management Limited Liability has 1,000 shares for 0.01% of their US portfolio. Allianz Asset Mngmt Ag owns 4.70 million shares or 0.03% of their US portfolio. Dai Ichi Life Insur Ltd has 0.04% invested in the company for 118,319 shares. Cantab Capital Prtn Llp has 104,175 shares for 0% of their US portfolio. Waters Parkerson And Communications Limited Liability Com reported 37,407 shares or 0.05% of all its holdings. Trexquant Limited Partnership has invested 0.14% of its portfolio in Flex Ltd (NASDAQ:FLEX). Da Davidson holds 0% or 9,477 shares in its portfolio. Jpmorgan Chase & holds 0.01% of its portfolio in Flex Ltd (NASDAQ:FLEX) for 2.63M shares. Kbc Group Nv owns 166,186 shares or 0.03% of their US portfolio. Employees Retirement Sys Of Texas accumulated 409,650 shares or 0.07% of the stock. The Massachusetts-based Reynders Mcveigh Mngmt Limited Liability Corporation has invested 0.04% in Flex Ltd (NASDAQ:FLEX). Passport Cap has 6.00M shares for 1.29% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0.01% in Flex Ltd (NASDAQ:FLEX). Princeton Alpha Mgmt Lp accumulated 57,292 shares or 0.12% of the stock. Parametric Portfolio Associate Lc accumulated 646,571 shares or 0.01% of the stock.

Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 27 insider sales for $30.85 million net activity. On Thursday, June 16 the insider Bennett David P sold $138,758. 50,000 Flex Ltd (NASDAQ:FLEX) shares with value of $636,945 were sold by Humphries Paul. MCNAMARA MICHAEL M sold 307,001 shares worth $3.95 million. Barbier Francois also sold $1.88 million worth of Flex Ltd (NASDAQ:FLEX) on Monday, June 6. HOAK JONATHAN S had sold 74,932 shares worth $934,135 on Monday, May 23. The insider Tan Lay Koon sold $42,113. 119,250 shares were sold by Collier Christopher, worth $1.48 million.

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The company has a market cap of $7.60 billion. The Firm designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers . It has a 17.58 P/E ratio. The Company’s divisions include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

FLEX Company Profile

Flex Ltd, formerly Flextronics International Ltd., incorporated on May 1, 1990, is a well-known provider of design, engineering, manufacturing, and supply chain services and solutions. The Firm designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). The Company’s divisions include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC). The HRS segment consists of its medical business, including consumer health, digital health, disposables, drug delivery, diagnostics, life sciences and imaging equipment; its automotive business, including vehicle electronics, connectivity, and clean technologies, and its defense and aerospace businesses, which are focused on commercial aviation, defense and military. The CTG segment includes its mobile devices business, including smart phones; its consumer electronics business, including connected living, wearable electronics including digital sport, game consoles, and connectivity devices, and its high-volume computing business, including various supply chain solutions for notebook personal computers (PCs), tablets, and printers. In addition, its CTG segment includes supply chain optimization for non-electronics products, such as shoes and clothing.

More news for Flex Ltd (NASDAQ:FLEX) were recently published by: Profitconfidential.com, which released: “Flextronics International Ltd. Charts: Where Flex Stock is Going” on September 26, 2016. Rttnews.com‘s article titled: “Flex Ltd. (FLEX) Has Climbed To A New High For The Year” and published on October 05, 2016 is yet another important article.

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