Flex Ltd. (NASDAQ:FLEX) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in Flex Ltd. (NASDAQ:FLEX) by 2.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 94,728 shares of the technology company’s stock after buying an additional 2,573 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Flex were worth $3,167,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Graybill Wealth Management LTD. raised its position in Flex by 1.6% in the third quarter. Graybill Wealth Management LTD. now owns 200,535 shares of the technology company’s stock worth $6,704,000 after acquiring an additional 3,169 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of Flex in the 3rd quarter valued at about $250,000. Whittier Trust Co. lifted its stake in shares of Flex by 79.4% in the third quarter. Whittier Trust Co. now owns 3,284 shares of the technology company’s stock valued at $110,000 after purchasing an additional 1,453 shares during the period. Veracity Capital LLC boosted its holdings in Flex by 16.0% during the third quarter. Veracity Capital LLC now owns 15,226 shares of the technology company’s stock worth $509,000 after buying an additional 2,102 shares in the last quarter. Finally, Raymond James & Associates grew its position in Flex by 0.8% during the third quarter. Raymond James & Associates now owns 680,888 shares of the technology company’s stock worth $22,762,000 after buying an additional 5,681 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP David Scott Offer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the sale, the executive vice president now directly owns 158,094 shares of the company’s stock, valued at approximately $5,209,197.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP David Scott Offer sold 10,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $32.95, for a total value of $329,500.00. Following the transaction, the executive vice president now directly owns 158,094 shares of the company’s stock, valued at approximately $5,209,197.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kwang Hooi Tan sold 8,028 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $31.78, for a total value of $255,129.84. Following the sale, the insider now directly owns 175,468 shares of the company’s stock, valued at approximately $5,576,373.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,028 shares of company stock worth $904,530. 0.82% of the stock is owned by company insiders.

Flex Stock Performance

Shares of NASDAQ FLEX opened at $34.11 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 0.75. The company has a market cap of $13.60 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a 50-day simple moving average of $32.35 and a 200-day simple moving average of $30.88. Flex Ltd. has a 12 month low of $21.84 and a 12 month high of $35.84.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $5.89 billion. Flex had a return on equity of 16.23% and a net margin of 3.54%. On average, equities analysts anticipate that Flex Ltd. will post 2.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FLEX. Craig Hallum raised Flex from a “hold” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $39.00 in a research note on Thursday, July 25th. Stifel Nicolaus upped their target price on Flex from $32.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group set a $39.00 price target on Flex in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Flex from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Flex from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $39.17.

Flex Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.