Flextronics International Ltd. (NASDAQ:FLEX) shares fell 2.1% during trading on Friday . The company 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.

A number of brokerages have recently commented on FLEX. B. Riley reissued a “buy” rating and issued a $14.50 price objective on shares of Flextronics International in a research report on Wednesday, May 4th. Standpoint Research downgraded shares of Flextronics International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Zacks Investment Research downgraded shares of Flextronics International from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Bank of America Corp. reissued a “buy” rating and issued a $15.00 price objective on shares of Flextronics International in a research report on Thursday, May 12th. Finally, Citigroup Inc. lifted their price objective on shares of Flextronics International from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Three analysts have rated the stock with a hold rating, nine have assigned 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 a consensus price target of $13.27.

The firm has a market capitalization of $7.06 billion and a PE ratio of 16.46. The stock’s 50 day moving average price is $12.61 and its 200-day moving average price is $11.65.

Flextronics International (NASDAQ:FLEX) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The company earned $5.88 billion during the quarter, compared to the consensus estimate of $5.71 billion. On average, analysts expect that Flextronics International Ltd. will post $1.20 earnings per share for the current fiscal year.

In other news, CAO David P. Bennett sold 3,155 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $12.71, for a total transaction of $40,100.05. Following the sale, the chief accounting officer now owns 83,145 shares in the company, valued at approximately $1,056,772.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul Humphries sold 197,430 shares of the business’s stock in a transaction 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 approximately $9,138,650.28. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in FLEX. 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 period. GSA Capital Partners LLP boosted 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. Nationwide Fund Advisors boosted its stake in shares of Flextronics International by 21.9% in the fourth quarter. Nationwide Fund Advisors now owns 122,213 shares of the company’s stock worth $1,370,000 after buying an additional 21,933 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of 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 worth $1,472,000 after buying an additional 2,055 shares during the period. Finally, Clifford Swan Investment Counsel LLC boosted 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.

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