Shares of Flextronics International Ltd. (NASDAQ:FLEX) saw an uptick in trading volume on Wednesday . 3,483,916 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 3,212,462 shares.The stock last traded at $12.87 and had previously closed at $12.79.

Several research firms have weighed in on FLEX. B. Riley reissued a “buy” rating and issued a $14.50 price target on shares of Flextronics International in a research note on Monday, July 25th. Raymond James Financial Inc. reaffirmed a “strong-buy” rating and set a $14.00 price objective on shares of Flextronics International in a research note on Tuesday, July 26th. Argus reaffirmed a “buy” rating and set a $16.00 price objective (up from $15.00) on shares of Flextronics International in a research note on Tuesday, July 26th. Standpoint Research downgraded shares of Flextronics International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $14.00 price objective (up from $13.00) on shares of Flextronics International in a research note on Monday, May 23rd. Three equities 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 company. Flextronics International presently has a consensus rating of “Buy” and a consensus target price of $13.73.

The firm has a 50 day moving average price of $12.73 and a 200 day moving average price of $12.11. The firm has a market cap of $7.03 billion and a price-to-earnings ratio of 16.29.

Flextronics International (NASDAQ:FLEX) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business earned $5.88 billion during the quarter, compared to analysts’ expectations of $5.71 billion. On average, equities analysts expect that Flextronics International Ltd. will post $1.19 EPS for the current year.

In other Flextronics International news, Director William D. Watkins sold 8,000 shares of Flextronics International stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $12.35, for a total value of $98,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO David P. Bennett sold 3,155 shares of Flextronics International stock in a transaction on Monday, June 13th. The stock was sold at an average price of $12.71, for a total transaction of $40,100.05. Following the completion of the transaction, the chief accounting officer now directly owns 83,145 shares of the company’s stock, valued at $1,056,772.95. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of FLEX. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Flextronics International during the fourth quarter worth approximately $1,356,000. Airain ltd boosted its position in shares of Flextronics International by 633.5% in the fourth quarter. Airain ltd now owns 234,201 shares of the company’s stock worth $2,625,000 after buying an additional 202,273 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $60,472,000 after buying an additional 2,186,887 shares during the last quarter. Jennison Associates LLC boosted its position 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 worth $52,227,000 after buying an additional 28,666 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position 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.

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