Flextronics International Ltd. (NASDAQ:FLEX) shares were up 1% during mid-day trading on Tuesday . The company traded as high as $13.05 and last traded at $13.00, with a volume of 3,335,979 shares trading hands. The stock had previously closed at $12.87.

A number of research analysts have recently issued reports on FLEX shares. Raymond James Financial Inc. reissued a “strong-buy” rating and issued a $14.00 target price on shares of Flextronics International in a report on Monday, July 11th. Zacks Investment Research downgraded Flextronics International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Standpoint Research downgraded Flextronics International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. JPMorgan Chase & Co. began coverage on Flextronics International in a research note on Tuesday, April 26th. They issued an “overweight” rating and a $15.00 price target on the stock. Finally, B. Riley restated a “buy” rating on shares of Flextronics International in a research note on Friday, April 22nd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Flextronics International presently has an average rating of “Buy” and a consensus target price of $13.27.

The stock’s 50 day moving average is $12.59 and its 200 day moving average is $11.63. The company has a market cap of $7.19 billion and a price-to-earnings ratio of 16.778.

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, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts anticipate that Flextronics International Ltd. will post $1.22 EPS for the current fiscal year.

In other news, CEO Michael M. Mcnamara sold 329,625 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was 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 directly owns 3,690,091 shares in the company, valued at approximately $45,830,930.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher Collier sold 4,715 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $12.23, for a total value of $57,664.45. Following the sale, the chief financial officer now owns 547,056 shares in the company, valued at $6,690,494.88. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. 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 worth $1,040,000 after buying an additional 49,253 shares during the last quarter. GSA Capital Partners LLP boosted 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 valued at $1,066,000 after buying an additional 21,559 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Flextronics International by 21.9% in the fourth quarter. Nationwide Fund Advisors now owns 122,213 shares of the company’s stock valued at $1,370,000 after buying an additional 21,933 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Flextronics International by 1.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 131,282 shares of the company’s stock valued at $1,472,000 after buying an additional 2,055 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC boosted its stake in Flextronics International by 95.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 170,450 shares of the company’s stock valued at $1,911,000 after buying an additional 83,450 shares in the last quarter.

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