What Could Be Propelling Flex Ltd to Decrease?

 What Could Be Propelling Flex Ltd to Decrease?

In today’s session Flex Ltd (FLEX) recorded an unusually high (750) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FLEX decrease. With 750 contracts traded and 364 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FLEX161216P00013000 closed last at: $0.1 or 58.3% down. About 2.75M shares traded hands. Flex Ltd (NASDAQ:FLEX) has risen 18.84% since March 30, 2016 and is uptrending. It has outperformed by 15.83% 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 firm has “Buy” rating by Citigroup given on Friday, April 29. Citigroup maintained Flex Ltd (NASDAQ:FLEX) on Wednesday, October 21 with “Neutral” rating. The firm has “Outperform” rating given on Monday, October 5 by RBC Capital Markets. The firm has “Buy” rating given on Friday, January 29 by Argus Research. The firm has “Sell” rating given on Tuesday, August 11 by Zacks. UBS upgraded the stock to “Buy” rating in Wednesday, September 9 report. The rating was downgraded by Standpoint Research on Tuesday, May 24 to “Hold”. The rating was upgraded by Raymond James on Friday, January 29 to “Strong Buy”. The stock has “Sell” rating given by Zacks on Wednesday, September 2. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, September 20.

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 improved, 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.
Prudential accumulated 0% or 47,182 shares. Winfield Assocs Inc holds 0% of its portfolio in Flex Ltd (NASDAQ:FLEX) for 105 shares. First Interstate Financial Bank last reported 2,485 shares in the company. Bb&T Secs Lc accumulated 51,679 shares or 0.01% of the stock. Engineers Gate Manager Ltd Partnership accumulated 0.12% or 140,400 shares. The New Jersey-based Brave Asset Inc has invested 0.1% in Flex Ltd (NASDAQ:FLEX). Tradewinds Global Ltd reported 2.35M shares or 1.8% of all its holdings. Lingohr Partner Asset Mngmt Gmbh accumulated 103,194 shares or 1.23% of the stock. Globeflex L P last reported 1.14 million shares in the company. Vident Advisory Ltd Liability Corporation holds 0.41% or 246,688 shares in its portfolio. Towle has invested 3.51% of its portfolio in Flex Ltd (NASDAQ:FLEX). Raymond James Na owns 15,917 shares or 0.02% of their US portfolio. Employees Retirement Of Texas has 0.07% invested in the company for 409,650 shares. Meiji Yasuda Life Ins Comm last reported 34,880 shares in the company. The New York-based Qs Invsts Ltd Liability Company has invested 0% in Flex Ltd (NASDAQ:FLEX).

Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 28 sales for $30.85 million net activity. Another trade for 5,151 shares valued at $64,954 was sold by HOAK JONATHAN S. MCNAMARA MICHAEL M sold $2.74 million worth of stock. $98,766 worth of Flex Ltd (NASDAQ:FLEX) shares were sold by WATKINS WILLIAM D. Tan Lay Koon had sold 311 shares worth $4,308 on Saturday, October 15. 213,845 Flex Ltd (NASDAQ:FLEX) shares with value of $2.64 million were sold by Barbier Francois. The insider Bennett David P sold 10,800 shares worth $138,758. On Monday, June 6 the insider Humphries Paul sold $636,945.

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The company has a market cap of $7.52 billion. The Firm designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers . It has a 24.92 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.

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