South Street Advisors LLC boosted its position in shares of Flex Ltd (NASDAQ:FLEX) by 4.7% in the fourth quarter, Holdings Channel reports. The fund owned 238,570 shares of the technology company’s stock after purchasing an additional 10,730 shares during the quarter. Flex comprises 1.3% of South Street Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. South Street Advisors LLC’s holdings in Flex were worth $4,291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Investment House LLC increased its position in Flex by 1.1% during the fourth quarter. Investment House LLC now owns 272,250 shares of the technology company’s stock valued at $4,898,000 after acquiring an additional 2,850 shares during the last quarter. IFP Advisors Inc increased its position in Flex by 11.0% during the fourth quarter. IFP Advisors Inc now owns 31,047 shares of the technology company’s stock valued at $559,000 after acquiring an additional 3,069 shares during the last quarter. ETRADE Capital Management LLC increased its position in Flex by 13.8% during the fourth quarter. ETRADE Capital Management LLC now owns 27,103 shares of the technology company’s stock valued at $488,000 after acquiring an additional 3,294 shares during the last quarter. Regentatlantic Capital LLC increased its position in Flex by 13.4% during the fourth quarter. Regentatlantic Capital LLC now owns 39,543 shares of the technology company’s stock valued at $711,000 after acquiring an additional 4,660 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Flex by 7.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 87,991 shares of the technology company’s stock valued at $1,583,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors own 97.59% of the company’s stock.

Shares of Flex stock traded down $0.18 on Monday, reaching $18.15. The company’s stock had a trading volume of 95,525 shares, compared to its average volume of 4,312,128. 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 capitalization of $9,672.10, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.78. Flex Ltd has a fifty-two week low of $14.70 and a fifty-two week high of $19.71.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.50 billion. Flex had a return on equity of 20.44% and a net margin of 2.15%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. equities research analysts forecast that Flex Ltd will post 1.08 EPS for the current year.

In related news, Director Willy C. Shih sold 13,597 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $17.91, for a total transaction of $243,522.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

FLEX has been the subject of a number of research reports. BidaskClub cut Flex from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. UBS restated a “buy” rating and issued a $21.50 price target on shares of Flex in a research report on Tuesday, December 19th. Needham & Company LLC upped their price target on Flex from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Bank of America upped their price target on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus upped their price target on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.56.

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Flex Company Profile

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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Institutional Ownership by Quarter for Flex (NASDAQ:FLEX)

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