Shares of Flextronics International Ltd. (NASDAQ:FLEX) rose 5.9% on Friday . The company traded as high as $12.52 and last traded at $12.50, with a volume of 10,008,982 shares changing hands. The stock had previously closed at $11.80.

FLEX has been the subject of a number of research reports. B. Riley reissued a “buy” rating on shares of Flextronics International in a report on Friday, April 22nd. Zacks Investment Research cut shares of Flextronics International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. began coverage on shares of Flextronics International in a research note on Tuesday, April 26th. They issued an “overweight” rating and a $15.00 price objective on the stock. Raymond James Financial Inc. reaffirmed a “strong-buy” rating and issued a $14.00 price objective on shares of Flextronics International in a research note on Friday, May 13th. Finally, Citigroup Inc. raised their price objective on shares of Flextronics International from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, April 29th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $13.27.

The company has a market cap of $6.80 billion and a price-to-earnings ratio of 15.86. The company has a 50 day moving average price of $12.48 and a 200 day moving average price of $11.52.

Flextronics International (NASDAQ:FLEX) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.82 billion. Flextronics International’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts predict that Flextronics International Ltd. will post $1.23 EPS for the current year.

In other Flextronics International news, CAO David P. Bennett sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $11.89, for a total value of $74,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 88,394 shares in the company, valued at approximately $1,051,004.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Francois Barbier sold 20,790 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $12.23, for a total transaction of $254,261.70. Following the completion of the transaction, the insider now owns 398,677 shares of the company’s stock, valued at $4,875,819.71. The disclosure for this sale can be found here.

Other institutional investors have made changes to their positions in the company. Morgan Stanley boosted its position in shares of Flextronics International by 19.9% in the fourth quarter. Morgan Stanley now owns 5,103,880 shares of the company’s stock valued at $57,215,000 after buying an additional 848,011 shares during the period. Gulf International Bank UK Ltd raised its stake in Flextronics International by 0.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 178,526 shares of the company’s stock worth $2,001,000 after buying an additional 1,500 shares in the last quarter. GSA Capital Partners LLP raised its stake in Flextronics International by 29.3% in the fourth quarter. GSA Capital Partners LLP now owns 95,120 shares of the company’s stock worth $1,066,000 after buying an additional 21,559 shares in the last quarter. Boston Partners raised its stake in Flextronics International by 136.9% in the fourth quarter. Boston Partners now owns 47,479,767 shares of the company’s stock worth $532,248,000 after buying an additional 27,438,107 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Flextronics International by 27.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 238,070 shares of the company’s stock worth $2,669,000 after buying an additional 51,642 shares in the last quarter.

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