CreativeOne Wealth LLC Has $765,000 Stock Holdings in Flex Ltd. (NASDAQ:FLEX)

CreativeOne Wealth LLC increased its position in shares of Flex Ltd. (NASDAQ:FLEX) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,939 shares of the technology company’s stock after buying an additional 3,879 shares during the quarter. CreativeOne Wealth LLC’s holdings in Flex were worth $765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLEX. Boston Partners grew its position in Flex by 2.2% in the 4th quarter. Boston Partners now owns 26,114,574 shares of the technology company’s stock valued at $1,006,436,000 after purchasing an additional 569,916 shares during the period. Vanguard Group Inc. grew its holdings in shares of Flex by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 12,298,896 shares of the technology company’s stock valued at $472,155,000 after buying an additional 817,215 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Flex by 6.0% in the 4th quarter. JPMorgan Chase & Co. now owns 6,408,070 shares of the technology company’s stock valued at $246,006,000 after acquiring an additional 361,049 shares in the last quarter. Norges Bank purchased a new stake in shares of Flex in the fourth quarter worth approximately $229,484,000. Finally, Invesco Ltd. lifted its holdings in shares of Flex by 42.9% in the fourth quarter. Invesco Ltd. now owns 5,394,821 shares of the technology company’s stock valued at $207,107,000 after purchasing an additional 1,620,812 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Shares of NASDAQ FLEX opened at $31.54 on Friday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99. The stock has a fifty day simple moving average of $35.22 and a two-hundred day simple moving average of $37.35. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.63. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $45.10.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Flex had a return on equity of 17.93% and a net margin of 3.95%. Analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FLEX shares. Barclays upped their price target on Flex from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. The Goldman Sachs Group dropped their price target on shares of Flex from $53.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus initiated coverage on shares of Flex in a research note on Tuesday, February 11th. They issued a “buy” rating and a $52.00 price objective for the company. StockNews.com raised Flex from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, KeyCorp reduced their price objective on Flex from $46.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Flex has a consensus rating of “Buy” and a consensus price target of $43.67.

Insider Activity

In related news, insider Michael P. Hartung sold 64,807 shares of Flex stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $43.89, for a total value of $2,844,379.23. Following the completion of the transaction, the insider now directly owns 233,526 shares in the company, valued at approximately $10,249,456.14. The trade was a 21.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lay Koon Tan sold 50,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $43.25, for a total value of $2,162,500.00. Following the sale, the director now owns 202,850 shares in the company, valued at approximately $8,773,262.50. This represents a 19.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.82% of the company’s stock.

Flex Company Profile

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.