Cozad Asset Management Inc. Has $23.02 Million Stock Holdings in Flex Ltd. $FLEX

Cozad Asset Management Inc. reduced its holdings in Flex Ltd. (NASDAQ:FLEX) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 351,590 shares of the technology company’s stock after selling 12,860 shares during the period. Flex accounts for about 1.8% of Cozad Asset Management Inc.’s portfolio, making the stock its 8th largest holding. Cozad Asset Management Inc.’s holdings in Flex were worth $23,015,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings 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 acquiring an additional 166 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Flex during the fourth quarter worth about $28,000. Gables Capital Management Inc. bought a new stake in Flex during the fourth quarter worth about $42,000. Caitong International Asset Management Co. Ltd boosted its position in Flex by 6,318.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock valued at $43,000 after purchasing an additional 695 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in Flex by 58.1% in the fourth quarter. CENTRAL TRUST Co now owns 797 shares of the technology company’s stock valued at $48,000 after purchasing an additional 293 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLEX has been the topic of several recent analyst reports. Freedom Capital raised Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Barclays cut their price objective on Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Raymond James Financial set a $170.00 price target on shares of Flex and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Zacks Research cut shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.20.

Flex Price Performance

NASDAQ:FLEX opened at $113.75 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.95. The stock’s 50 day moving average price is $139.51 and its two-hundred day moving average price is $99.72. The firm has a market capitalization of $41.68 billion, a price-to-earnings ratio of 43.92, a P/E/G ratio of 0.59 and a beta of 1.64. Flex Ltd. has a 12-month low of $47.83 and a 12-month high of $166.86.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%.The company had revenue of $7.93 billion during the quarter. On average, analysts anticipate that Flex Ltd. will post 4.18 earnings per share for the current year.

Insider Buying and Selling at Flex

In other Flex news, COO Kwang Hooi Tan sold 8,981 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.19, for a total transaction of $1,303,951.39. Following the completion of the sale, the chief operating officer owned 248,546 shares of the company’s stock, valued at $36,086,393.74. This trade represents a 3.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Revathi Advaithi sold 39,188 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $145.18, for a total transaction of $5,689,313.84. Following the completion of the transaction, the chief executive officer owned 584,278 shares in the company, valued at approximately $84,825,480.04. This represents a 6.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 769,195 shares of company stock worth $110,116,823. 0.62% of the stock is currently owned by corporate insiders.

Flex Company Profile

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.