The stock of Flex Ltd (NASDAQ:FLEX) is a huge mover today! About 2.49M shares traded hands. Flex Ltd (NASDAQ:FLEX) has risen 12.96% since April 14, 2016 and is uptrending. It has outperformed by 8.27% the S&P500.
The move comes after 6 months positive chart setup for the $7.66 billion company. It was reported on Nov, 16 by Barchart.com. We have $22.94 PT which if reached, will make NASDAQ:FLEX worth $4.75B more.
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 Stifel Nicolaus on Friday, January 29. As per Thursday, May 12, the company rating was maintained by Bank of America. The firm has “Buy” rating given on Wednesday, October 5 by Goldman Sachs. UBS upgraded it to “Buy” rating and $13 target price in Wednesday, September 9 report. The firm has “Neutral” rating by Citigroup given on Wednesday, October 21. The rating was maintained by Needham on Tuesday, October 20 with “Buy”. The stock of Flex Ltd (NASDAQ:FLEX) has “Buy” rating given on Friday, January 29 by Argus Research. The firm has “Hold” rating by Standpoint Research given on Tuesday, May 24. The rating was upgraded by Zacks on Friday, August 21 to “Sell”. The stock has “Overweight” rating given by JP Morgan on Tuesday, April 26.
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 2016 Q2. Its up 0.21, from 1.05 in 2016Q1. The ratio increased, 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.
The Missouri-based Parkside Financial Bank Trust has invested 0% in Flex Ltd (NASDAQ:FLEX). Commonwealth Equity Services holds 15,012 shares or 0% of its portfolio. Boothbay Fund Management Ltd Company last reported 15,894 shares in the company. Cubist Systematic Strategies Ltd Liability Corporation last reported 0.13% of its portfolio in the stock. Checchi Capital Advisers Limited Com has 0% invested in the company for 707 shares. Wfg Advsr Limited Partnership accumulated 1,052 shares or 0% of the stock. Glenview Capital Limited Company has invested 4% of its portfolio in Flex Ltd (NASDAQ:FLEX). Ronald Blue Ltd Co has 13,172 shares for 0.01% of their US portfolio. The Pennsylvania-based Stevens Cap Lp has invested 0.17% in Flex Ltd (NASDAQ:FLEX). Thompson Davis And Co owns 2,067 shares or 0.04% of their US portfolio. Fdx Advisors has 0.04% invested in the company for 74,424 shares. Engineers Gate Manager Limited Partnership reported 140,400 shares or 0.12% of all its holdings. Seven Eight Cap Limited Liability Company owns 36,510 shares or 0.15% of their US portfolio. The New York-based Ao Asset Mngmt Ltd Co has invested 4.99% in Flex Ltd (NASDAQ:FLEX). Westpac last reported 41,313 shares in the company.
Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 23 insider sales for $28.40 million net activity. 329,625 shares were sold by MCNAMARA MICHAEL M, worth $4.10 million. Bennett David P sold $80,175 worth of stock or 6,250 shares. $98,766 worth of Flex Ltd (NASDAQ:FLEX) shares were sold by WATKINS WILLIAM D. Tan Lay Koon sold 3,292 shares worth $42,113. 119,250 shares with value of $1.48 million were sold by Collier Christopher on Monday, May 23. Barbier Francois had sold 213,845 shares worth $2.64M on Monday, May 23. Humphries Paul had sold 50,000 shares worth $636,945 on Monday, June 6.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.