First Horizon Advisors Inc. Has $53,000 Stock Position in Flex Ltd. (NASDAQ:FLEX)

First Horizon Advisors Inc. increased its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 23.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,596 shares of the technology company’s stock after buying an additional 305 shares during the period. First Horizon Advisors Inc.’s holdings in Flex were worth $53,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Flex by 7.6% during the third quarter. Advisors Asset Management Inc. now owns 51,254 shares of the technology company’s stock worth $1,713,000 after purchasing an additional 3,627 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Flex during the third quarter worth approximately $429,000. Pathstone Holdings LLC increased its holdings in Flex by 5.5% in the third quarter. Pathstone Holdings LLC now owns 60,375 shares of the technology company’s stock worth $2,018,000 after purchasing an additional 3,121 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Flex by 38.7% during the 3rd quarter. Natixis Advisors LLC now owns 35,442 shares of the technology company’s stock worth $1,185,000 after buying an additional 9,892 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Flex by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 15,132 shares of the technology company’s stock valued at $506,000 after acquiring an additional 786 shares in the last quarter. 94.30% of the stock is owned by institutional investors.

Insider Transactions at Flex

In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the transaction, the insider now owns 240,018 shares in the company, valued at $8,494,237.02. This trade represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles K. Stevens III sold 13,157 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the sale, the director now directly owns 55,713 shares in the company, valued at approximately $2,155,535.97. This trade represents a 19.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FLEX. Craig Hallum raised their target price on Flex from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group set a $39.00 price objective on Flex in a report on Thursday, October 17th. StockNews.com raised shares of Flex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Barclays upped their price objective on shares of Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, KeyCorp assumed coverage on shares of Flex in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 target price for the company. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $40.83.

Flex Trading Up 1.9 %

Shares of FLEX stock opened at $41.30 on Monday. Flex Ltd. has a 52-week low of $21.84 and a 52-week high of $41.52. The company has a 50-day simple moving average of $35.12 and a two-hundred day simple moving average of $32.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.58 and a beta of 1.08.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.