Flextronics International Ltd. (NASDAQ:FLEX) insider Francois Barbier sold 23,454 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $16.34, for a total transaction of $383,238.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Francois Barbier also recently made the following trade(s):

  • On Tuesday, June 13th, Francois Barbier sold 25,279 shares of Flextronics International stock. The stock was sold at an average price of $16.64, for a total transaction of $420,642.56.
  • On Wednesday, May 24th, Francois Barbier sold 43,750 shares of Flextronics International stock. The stock was sold at an average price of $16.76, for a total transaction of $733,250.00.

Shares of Flextronics International Ltd. (NASDAQ FLEX) traded down 0.089% during mid-day trading on Tuesday, reaching $16.825. 537,216 shares of the company’s stock traded hands. Flextronics International Ltd. has a 12 month low of $11.51 and a 12 month high of $17.76. The firm has a 50 day moving average price of $16.52 and a 200-day moving average price of $15.90. The stock has a market cap of $8.92 billion, a PE ratio of 28.517 and a beta of 0.75.

Flextronics International (NASDAQ:FLEX) last issued its earnings results on Thursday, April 27th. The technology company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Flextronics International had a net margin of 1.34% and a return on equity of 21.19%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts predict that Flextronics International Ltd. will post $1.21 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Flextronics International (NASDAQ:FLEX)

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Several research analysts recently issued reports on FLEX shares. Zacks Investment Research lowered shares of Flextronics International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Citigroup Inc. set a $18.00 price target on shares of Flextronics International and gave the stock a “buy” rating in a research report on Monday, March 20th. Deutsche Bank AG reissued a “hold” rating and issued a $16.00 price target (up previously from $15.00) on shares of Flextronics International in a research report on Saturday, April 29th. Bank of America Corporation reissued a “buy” rating and issued a $19.50 price target (up previously from $17.50) on shares of Flextronics International in a research report on Wednesday, May 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $22.00 price target (up previously from $17.00) on shares of Flextronics International in a research report on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.13.

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Flextronics International during the fourth quarter valued at approximately $5,646,000. O Shaughnessy Asset Management LLC boosted its position in shares of Flextronics International by 32.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 65,950 shares of the technology company’s stock valued at $948,000 after buying an additional 16,013 shares during the last quarter. WFG Advisors LP boosted its position in shares of Flextronics International by 46,972.7% in the fourth quarter. WFG Advisors LP now owns 470,727 shares of the technology company’s stock valued at $4,208,000 after buying an additional 469,727 shares during the last quarter. Norges Bank purchased a new position in shares of Flextronics International during the fourth quarter valued at approximately $82,125,000. Finally, Macquarie Group Ltd. boosted its position in shares of Flextronics International by 4.4% in the fourth quarter. Macquarie Group Ltd. now owns 191,600 shares of the technology company’s stock valued at $2,753,000 after buying an additional 8,000 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

About Flextronics International

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

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