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

Several research firms have commented on FLEX. Zacks Investment Research cut shares of Flextronics International from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Raymond James Financial Inc. boosted their price target on shares of Flextronics International from $12.50 to $14.00 and gave the stock a “strong-buy” rating in a report on Monday, April 11th. Bank of America Corp. reiterated a “buy” rating and set a $15.00 price target on shares of Flextronics International in a report on Thursday, May 12th. Standpoint Research cut shares of Flextronics International from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $14.00 price target (up previously from $13.00) on shares of Flextronics International in a report on Monday, May 23rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.27.

The firm has a market capitalization of $6.80 billion and a PE ratio of 15.86. The firm has a 50 day moving average price of $12.49 and a 200 day moving average price of $11.53.

Flextronics International (NASDAQ:FLEX) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. During the same quarter in the prior year, the business earned $0.27 EPS. The firm had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $5.82 billion. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts forecast that Flextronics International Ltd. will post $1.23 earnings per share for the current year.

In other news, insider Paul Humphries sold 197,430 shares of Flextronics International stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $12.36, for a total transaction of $2,440,234.80. Following the sale, the insider now owns 739,373 shares in the company, valued at $9,138,650.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael M. Mcnamara sold 329,625 shares of Flextronics International stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $12.42, for a total transaction of $4,093,942.50. Following the sale, the chief executive officer now owns 3,690,091 shares in the company, valued at approximately $45,830,930.22. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the company. Clifford Swan Investment Counsel LLC raised its stake in shares of Flextronics International by 95.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 170,450 shares of the company’s stock worth $1,911,000 after buying an additional 83,450 shares during the period. Bank of Montreal Can raised its stake in shares of Flextronics International by 5,425.6% in the fourth quarter. Bank of Montreal Can now owns 2,635,755 shares of the company’s stock worth $29,547,000 after buying an additional 2,588,054 shares during the period. Morgan Stanley raised its stake 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 worth $57,215,000 after buying an additional 848,011 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of 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 during the period. Finally, GSA Capital Partners LLP raised its stake in shares of 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 during the period.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.