California State Teachers Retirement System Raises Position in Multi-Fineline Electronix, Inc. (MFLX)
California State Teachers Retirement System increased its stake in shares of Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) by 2.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,698 shares of the company’s stock after buying an additional 406 shares during the period. California State Teachers Retirement System owned approximately 0.08% of Multi-Fineline Electronix worth $457,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Multi-Fineline Electronix by 12.0% in the first quarter. Renaissance Technologies LLC now owns 755,495 shares of the company’s stock valued at $17,535,000 after buying an additional 81,153 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Multi-Fineline Electronix during the first quarter valued at about $6,963,000. NINE MASTS CAPITAL Ltd bought a new position in Multi-Fineline Electronix during the first quarter valued at about $4,982,000. Barclays PLC boosted its position in Multi-Fineline Electronix by 71,815.1% in the first quarter. Barclays PLC now owns 38,115 shares of the company’s stock valued at $877,000 after buying an additional 38,062 shares in the last quarter. Finally, Opera Trading Capital bought a new position in Multi-Fineline Electronix during the first quarter valued at about $475,000.
Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) remained flat at $23.09 during trading on Tuesday. The stock’s 50 day moving average is $23.25 and its 200-day moving average is $21.81. Multi-Fineline Electronix, Inc. has a 12-month low of $12.59 and a 12-month high of $25.62.
MFLX has been the topic of several research reports. B. Riley reaffirmed a “neutral” rating and issued a $23.00 price target on shares of Multi-Fineline Electronix in a report on Tuesday, August 2nd. Zacks Investment Research raised Multi-Fineline Electronix from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $22.33.
About Multi-Fineline Electronix
Multi-Fineline Electronix, Inc is engaged in the engineering, design and manufacture of flexible circuit boards along with related component assemblies. The Company provides flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers.
Want to see what other hedge funds are holding MFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Multi-Fineline Electronix, Inc. (NASDAQ:MFLX).
Receive News & Ratings for Multi-Fineline Electronix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Fineline Electronix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.