Flex Ltd (FLEX) Position Reduced by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. trimmed its holdings in shares of Flex Ltd (NASDAQ:FLEX) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,026 shares of the technology company’s stock after selling 4,214 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Flex were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Investment House LLC grew its position in Flex by 1.1% during the fourth quarter. Investment House LLC now owns 272,250 shares of the technology company’s stock worth $4,898,000 after buying an additional 2,850 shares in the last quarter. IFP Advisors Inc grew its position in Flex by 11.0% during the fourth quarter. IFP Advisors Inc now owns 31,047 shares of the technology company’s stock worth $559,000 after buying an additional 3,069 shares in the last quarter. Regentatlantic Capital LLC grew its position in Flex by 13.4% during the fourth quarter. Regentatlantic Capital LLC now owns 39,543 shares of the technology company’s stock worth $711,000 after buying an additional 4,660 shares in the last quarter. First Personal Financial Services grew its position in Flex by 227.4% during the fourth quarter. First Personal Financial Services now owns 8,974 shares of the technology company’s stock worth $161,000 after buying an additional 6,233 shares in the last quarter. Finally, Aperio Group LLC grew its position in Flex by 9.2% during the fourth quarter. Aperio Group LLC now owns 78,652 shares of the technology company’s stock worth $1,415,000 after buying an additional 6,659 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Several equities analysts recently commented on FLEX shares. BidaskClub cut Flex from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Stifel Nicolaus boosted their target price on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Bank of America boosted their target price on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Citigroup boosted their target price on Flex from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, ValuEngine upgraded Flex from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.56.

In other news, Director Willy C. Shih sold 13,597 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $17.91, for a total value of $243,522.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Scott Offer sold 45,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $17.71, for a total value of $796,950.00. The disclosure for this sale can be found here. Insiders sold a total of 67,597 shares of company stock valued at $1,200,042 over the last quarter. Company insiders own 0.83% of the company’s stock.

Flex Ltd (NASDAQ FLEX) opened at $17.82 on Friday. Flex Ltd has a fifty-two week low of $14.70 and a fifty-two week high of $19.71. The company has a quick ratio of 0.72, a current ratio of 1.22 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $9,012.52, a PE ratio of 15.96, a PEG ratio of 0.94 and a beta of 0.80.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. Flex had a return on equity of 20.44% and a net margin of 2.15%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.50 billion. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. research analysts anticipate that Flex Ltd will post 1.08 earnings per share for the current fiscal year.

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Flex Company Profile

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

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Institutional Ownership by Quarter for Flex (NASDAQ:FLEX)

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