Flex Ltd (FLEX) Position Lowered by Wells Fargo & Company MN
Wells Fargo & Company MN trimmed its stake in Flex Ltd (NASDAQ:FLEX) by 7.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 880,290 shares of the technology company’s stock after selling 75,455 shares during the period. Wells Fargo & Company MN’s holdings in Flex were worth $15,836,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Investment House LLC grew its position in shares of Flex by 1.1% in the 4th quarter. Investment House LLC now owns 272,250 shares of the technology company’s stock valued at $4,898,000 after buying an additional 2,850 shares during the last quarter. IFP Advisors Inc grew its position in shares of Flex by 11.0% in the 4th quarter. IFP Advisors Inc now owns 31,047 shares of the technology company’s stock valued at $559,000 after buying an additional 3,069 shares during the last quarter. Regentatlantic Capital LLC grew its position in shares of Flex by 13.4% in the 4th quarter. Regentatlantic Capital LLC now owns 39,543 shares of the technology company’s stock valued at $711,000 after buying an additional 4,660 shares during the last quarter. First Personal Financial Services grew its position in shares of Flex by 227.4% in the 4th quarter. First Personal Financial Services now owns 8,974 shares of the technology company’s stock valued at $161,000 after buying an additional 6,233 shares during the last quarter. Finally, Aperio Group LLC grew its position in shares of Flex by 9.2% in the 4th quarter. Aperio Group LLC now owns 78,652 shares of the technology company’s stock valued at $1,415,000 after buying an additional 6,659 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Willy C. Shih sold 13,597 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $17.91, for a total value of $243,522.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.
Flex Ltd (NASDAQ:FLEX) opened at $18.80 on Wednesday. Flex Ltd has a 52-week low of $14.70 and a 52-week high of $19.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.72 and a current ratio of 1.22. The stock has a market cap of $9,983.43, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.04 and a beta of 0.78.
Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Flex had a net margin of 2.15% and a return on equity of 20.44%. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.50 billion. During the same period last year, the firm posted $0.34 EPS. Flex’s revenue for the quarter was up 10.4% on a year-over-year basis. equities analysts anticipate that Flex Ltd will post 1.08 earnings per share for the current fiscal year.
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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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