Flextronics International Ltd. (NASDAQ:FLEX)’s share price traded down 2.1% on Friday . The stock traded as low as $12.12 and last traded at $12.87, with a volume of 5,434,837 shares trading hands. The stock had previously closed at $13.14.

Several equities research analysts recently commented on FLEX shares. Raymond James Financial Inc. reaffirmed a “strong-buy” rating and set a $14.00 target price on shares of Flextronics International in a research note on Monday, July 11th. Zacks Investment Research cut shares of Flextronics International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Standpoint Research cut shares of Flextronics International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. JPMorgan Chase & Co. initiated coverage on shares of Flextronics International in a research note on Tuesday, April 26th. They set an “overweight” rating and a $15.00 target price on the stock. Finally, B. Riley reaffirmed a “buy” rating on shares of Flextronics International in a research note on Friday, April 22nd. Three research 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $13.27.

The company’s 50-day moving average is $12.61 and its 200 day moving average is $11.64. The company has a market cap of $7.06 billion and a P/E ratio of 16.46.

Flextronics International (NASDAQ:FLEX) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm earned $5.88 billion during the quarter, compared to analyst estimates of $5.71 billion. Equities research analysts anticipate that Flextronics International Ltd. will post $1.23 EPS for the current fiscal year.

In other Flextronics International news, CAO David P. Bennett sold 6,250 shares of Flextronics International stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $11.89, for a total transaction of $74,312.50. Following the sale, the chief accounting officer now directly owns 88,394 shares in the company, valued at approximately $1,051,004.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher Collier sold 14,020 shares of Flextronics International stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $11.79, for a total value of $165,295.80. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Flextronics International by 68.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,394,354 shares of the company’s stock worth $60,472,000 after buying an additional 2,186,887 shares in the last quarter. Morgan Stanley raised its position in 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 in the last quarter. Jennison Associates LLC raised its position in Flextronics International by 0.6% in the fourth quarter. Jennison Associates LLC now owns 4,659,006 shares of the company’s stock worth $52,227,000 after buying an additional 28,666 shares in the last quarter. Bank of Montreal Can raised its position in 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 in the last quarter. Finally, Towle & Co. raised its position in Flextronics International by 0.4% in the fourth quarter. Towle & Co. now owns 2,039,887 shares of the company’s stock worth $22,867,000 after buying an additional 8,020 shares in the last quarter.

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