First Horizon Advisors Inc. lifted its position in Flex Ltd. (NASDAQ:FLEX – Free Report) by 319.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,613 shares of the technology company’s stock after buying an additional 3,514 shares during the period. First Horizon Advisors Inc.’s holdings in Flex were worth $141,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of FLEX. Cornerstone Planning Group LLC purchased a new stake in Flex during the 3rd quarter worth approximately $30,000. CWM LLC grew its position in Flex by 92.5% during the 4th quarter. CWM LLC now owns 1,609 shares of the technology company’s stock worth $49,000 after purchasing an additional 773 shares during the last quarter. Fifth Third Bancorp grew its position in Flex by 276.6% during the 4th quarter. Fifth Third Bancorp now owns 1,981 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,455 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Flex during the 4th quarter worth approximately $75,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Flex during the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.
Flex Stock Performance
FLEX opened at $29.19 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86. The firm has a fifty day moving average price of $28.48 and a 200 day moving average price of $26.88. Flex Ltd. has a 1 year low of $20.41 and a 1 year high of $30.93. The stock has a market cap of $12.29 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.74 and a beta of 1.18.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on FLEX
Insider Activity at Flex
In related news, insider Michael P. Hartung sold 43,381 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $30.51, for a total value of $1,323,554.31. Following the completion of the transaction, the insider now directly owns 154,810 shares in the company, valued at approximately $4,723,253.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Flex news, CAO Daniel Wendler sold 1,860 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $28.89, for a total transaction of $53,735.40. Following the completion of the transaction, the chief accounting officer now directly owns 28,730 shares in the company, valued at $830,009.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael P. Hartung sold 43,381 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $30.51, for a total transaction of $1,323,554.31. Following the transaction, the insider now owns 154,810 shares of the company’s stock, valued at $4,723,253.10. The disclosure for this sale can be found here. Insiders sold a total of 141,943 shares of company stock worth $4,055,311 in the last three months. Company insiders own 0.56% of the company’s stock.
Flex 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.
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