Dynasty Wealth Management LLC Buys Shares of 11,695 Flex Ltd. (NASDAQ:FLEX)

Dynasty Wealth Management LLC bought a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,695 shares of the technology company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in Flex during the 4th quarter valued at about $34,000. CWM LLC grew its stake in shares of Flex by 92.5% in the 4th quarter. CWM LLC now owns 1,609 shares of the technology company’s stock valued at $49,000 after buying an additional 773 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Flex by 276.6% in the 4th quarter. Fifth Third Bancorp now owns 1,981 shares of the technology company’s stock valued at $60,000 after buying an additional 1,455 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Flex in the 4th quarter valued at approximately $77,000. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Flex by 52.0% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,502 shares of the technology company’s stock valued at $137,000 after buying an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Stock Performance

Shares of FLEX stock traded up $1.06 during trading hours on Wednesday, reaching $32.30. 1,547,085 shares of the company’s stock were exchanged, compared to its average volume of 4,526,017. Flex Ltd. has a fifty-two week low of $21.84 and a fifty-two week high of $34.12. The stock has a market capitalization of $12.83 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.11 and a beta of 1.12. The business has a fifty day moving average price of $31.20 and a 200-day moving average price of $28.78. The company has a quick ratio of 0.79, a current ratio of 1.52 and a debt-to-equity ratio of 0.61.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Flex had a return on equity of 15.53% and a net margin of 3.54%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. Analysts predict that Flex Ltd. will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FLEX. Stifel Nicolaus boosted their price target on Flex from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Barclays boosted their price target on Flex from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on Flex from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Craig Hallum raised Flex from a “hold” rating to a “buy” rating and upped their target price for the stock from $27.00 to $39.00 in a research report on Thursday, July 25th. Finally, StockNews.com cut Flex from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.40.

Insider Transactions at Flex

In other news, insider Kwang Hooi Tan sold 8,027 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $29.29, for a total transaction of $235,110.83. Following the completion of the transaction, the insider now directly owns 151,691 shares in the company, valued at $4,443,029.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Kwang Hooi Tan sold 8,027 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $29.29, for a total value of $235,110.83. Following the completion of the transaction, the insider now directly owns 151,691 shares in the company, valued at $4,443,029.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Revathi Advaithi sold 37,170 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $31.30, for a total value of $1,163,421.00. Following the completion of the transaction, the chief executive officer now owns 2,057,473 shares of the company’s stock, valued at $64,398,904.90. The disclosure for this sale can be found here. Insiders sold a total of 812,570 shares of company stock worth $25,403,101 over the last three months. 0.82% of the stock is currently owned by insiders.

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.