Flextronics International Ltd. (NASDAQ:FLEX)’s share price hit a new 52-week high on Wednesday . The company traded as high as $13.37 and last traded at $13.26, with a volume of 7,863,513 shares. The stock had previously closed at $12.92.

A number of equities analysts have recently weighed in on FLEX shares. Raymond James Financial Inc. restated a “strong-buy” rating and issued a $14.00 target price on shares of Flextronics International in a research note on Monday, July 11th. JPMorgan Chase & Co. started coverage on Flextronics International in a research note on Tuesday, April 26th. They issued an “overweight” rating and a $15.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $14.00 target price (up previously from $13.00) on shares of Flextronics International in a research note on Monday, May 23rd. Zacks Investment Research downgraded Flextronics International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Citigroup Inc. boosted their target price on Flextronics International from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, April 29th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.27.

The stock’s 50 day moving average price is $12.59 and its 200 day moving average price is $11.62. The firm has a market cap of $7.19 billion and a price-to-earnings ratio of 16.77.

Flextronics International (NASDAQ:FLEX) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same period last year, the business earned $0.27 EPS. Flextronics International’s revenue was down 3.0% on a year-over-year basis. Equities analysts forecast that Flextronics International Ltd. will post $1.22 earnings per share for the current fiscal year.

In related news, CAO David P. Bennett sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $11.83, for a total transaction of $36,968.75. Following the completion of the sale, the chief accounting officer now owns 88,394 shares of the company’s stock, valued at $1,045,701.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher Collier sold 4,715 shares of the firm’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 $57,664.45. Following the sale, the chief financial officer now directly owns 547,056 shares of the company’s stock, valued at approximately $6,690,494.88. The disclosure for this sale can be found here.

Other large investors have recently made changes to their positions in the company. Airain ltd increased its stake in shares of Flextronics International by 633.5% in the fourth quarter. Airain ltd now owns 234,201 shares of the company’s stock valued at $2,625,000 after buying an additional 202,273 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Flextronics International by 68.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,394,354 shares of the company’s stock valued at $60,472,000 after buying an additional 2,186,887 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Flextronics International by 0.6% in the fourth quarter. Jennison Associates LLC now owns 4,659,006 shares of the company’s stock valued at $52,227,000 after buying an additional 28,666 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Flextronics International by 113.1% in the fourth quarter. Advisors Asset Management Inc. now owns 92,796 shares of the company’s stock valued at $1,040,000 after buying an additional 49,253 shares in the last quarter. Finally, Globeflex Capital L P boosted its stake in shares of Flextronics International by 29.0% in the fourth quarter. Globeflex Capital L P now owns 1,183,621 shares of the company’s stock valued at $13,268,000 after buying an additional 266,100 shares in the last quarter.

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