What’s in Flex Ltd After Today’s Bullish Options Activity?

 What's in Flex Ltd After Today's Bullish Options Activity?

In today’s session Flex Ltd (FLEX) registered an unusually high (287) 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 287 contracts traded and 48694 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FLEX170120C00014000 closed last at: $0.59 or 0% . About 201,145 shares traded hands. Flex Ltd (NASDAQ:FLEX) has risen 15.48% since April 20, 2016 and is uptrending. It has outperformed by 10.92% 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 given on Tuesday, September 20 by Goldman Sachs. The stock has “Buy” rating given by Needham on Tuesday, October 20. The firm earned “Outperform” rating on Thursday, August 27 by RBC Capital Markets. B. Riley & Co initiated the stock with “Buy” rating in Friday, October 9 report. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, October 5. The firm has “Buy” rating by UBS given on Wednesday, September 9. The firm has “Sell” rating given on Wednesday, September 2 by Zacks. The stock has “Buy” rating given by Argus Research on Friday, January 29. The company was upgraded on Friday, December 11 by Citigroup. The firm earned “Buy” rating on Friday, January 29 by Stifel Nicolaus.

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 decreased to 0.77 in Q2 2016. Its down 0.49, from 1.26 in 2016Q1. The ratio fall, 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.
Paloma Prns Mngmt holds 0% or 36,759 shares in its portfolio. Td Asset last reported 39,561 shares in the company. Mycio Wealth Prns Lc holds 100 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0.07% of its portfolio in the stock. Mizuho Asset Coltd holds 0.02% of its portfolio in Flex Ltd (NASDAQ:FLEX) for 7,272 shares. First Mercantile Tru Com holds 30,500 shares or 0.04% of its portfolio. Timber Hill Lc has invested 0% of its portfolio in Flex Ltd (NASDAQ:FLEX). Logan Cap Mgmt Incorporated holds 0.06% or 55,924 shares in its portfolio. Greenwich Wealth Mgmt holds 0.29% or 195,000 shares in its portfolio. Blackrock Institutional Trust Na accumulated 0.02% or 8.19M shares. Simcoe Mngmt Limited Liability Corporation holds 10.55% of its portfolio in Flex Ltd (NASDAQ:FLEX) for 1.58 million shares. Tower Rech Cap Ltd Llc (Trc) accumulated 7,217 shares or 0.01% of the stock. Archford Cap Strategies Lc last reported 0% of its portfolio in the stock. Iridian Asset Mgmt Limited Ct last reported 5.83M shares in the company. Aviva Public Limited, a United Kingdom-based fund reported 330,594 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 18 insider sales for $16.81 million net activity. 217,125 shares were sold by MCNAMARA MICHAEL M, worth $2.74M on Wednesday, June 1. Shares for $98,766 were sold by WATKINS WILLIAM D. Another trade for 203,489 shares valued at $2.65 million was made by Humphries Paul on Monday, July 25. $64,954 worth of Flex Ltd (NASDAQ:FLEX) was sold by HOAK JONATHAN S on Monday, June 13. Another trade for 10,800 shares valued at $138,758 was made by Bennett David P on Thursday, June 16. $120,482 worth of shares were sold by Collier Christopher on Monday, June 13. The insider Tan Lay Koon sold 333 shares worth $4,307.

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The company has a market cap of $7.64 billion. The Firm designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers . It has a 25.21 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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