37,063 Shares in Flex Ltd. $FLEX Acquired by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. bought a new stake in Flex Ltd. (NASDAQ:FLEX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,063 shares of the technology company’s stock, valued at approximately $2,239,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of Flex in the 4th quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Flex in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust raised its position in shares of Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in shares of Flex in the 4th quarter valued at $42,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Trading Down 1.5%

Shares of FLEX stock opened at $149.71 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. Flex Ltd. has a fifty-two week low of $42.83 and a fifty-two week high of $166.86. The company has a market cap of $54.85 billion, a PE ratio of 64.25, a P/E/G ratio of 0.79 and a beta of 1.64. The stock’s fifty day moving average price is $115.87 and its two-hundred day moving average price is $81.91.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The company had revenue of $7.48 billion for the quarter. Equities analysts predict that Flex Ltd. will post 4.15 EPS for the current fiscal year.

Insider Activity at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $135.93, for a total transaction of $2,378,775.00. Following the sale, the chief operating officer owned 238,543 shares of the company’s stock, valued at $32,425,149.99. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erin Mcsweeney sold 2,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $132.51, for a total value of $265,020.00. Following the sale, the director directly owned 9,512 shares in the company, valued at approximately $1,260,435.12. This trade represents a 17.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 345,012 shares of company stock worth $48,508,103 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FLEX has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. JPMorgan Chase & Co. raised their target price on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, KeyCorp raised their target price on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.70.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.