Flextronics International Ltd. (NASDAQ:FLEX) CEO Michael M. Mcnamara Sells 48,317 Shares

Flextronics International Ltd. (NASDAQ:FLEX) CEO Michael M. Mcnamara sold 48,317 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $16.52, for a total value of $798,196.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Flextronics International Ltd. (FLEX) traded up 1.24% on Friday, reaching $16.29. The company’s stock had a trading volume of 2,133,836 shares. The firm has a market capitalization of $8.63 billion, a PE ratio of 27.61 and a beta of 0.80. Flextronics International Ltd. has a 52 week low of $11.51 and a 52 week high of $17.76. The stock’s 50 day moving average is $16.84 and its 200-day moving average is $16.00.

Flextronics International (NASDAQ:FLEX) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.68 billion. Flextronics International had a return on equity of 21.19% and a net margin of 1.34%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share. Analysts predict that Flextronics International Ltd. will post $1.20 EPS for the current year.

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FLEX has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $21.00 target price on shares of Flextronics International in a research note on Friday, June 16th. ValuEngine upgraded Flextronics International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Bank of America Corporation restated a “buy” rating and set a $19.50 price objective (up previously from $17.50) on shares of Flextronics International in a research note on Wednesday, May 17th. Craig Hallum upgraded Flextronics International from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Finally, Zacks Investment Research upgraded Flextronics International from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, March 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.13.

A number of large investors have recently added to or reduced their stakes in FLEX. Toronto Dominion Bank increased its stake in Flextronics International by 26.1% in the first quarter. Toronto Dominion Bank now owns 5,969 shares of the technology company’s stock worth $100,000 after buying an additional 1,234 shares during the last quarter. Keybank National Association OH bought a new stake in Flextronics International during the first quarter worth $199,000. Cambridge Investment Research Advisors Inc. increased its stake in Flextronics International by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,087 shares of the technology company’s stock worth $203,000 after buying an additional 516 shares during the last quarter. FNY Partners Fund LP bought a new stake in Flextronics International during the first quarter worth $214,000. Finally, Ronald Blue & Co. LLC increased its stake in Flextronics International by 8.8% in the first quarter. Ronald Blue & Co. LLC now owns 13,062 shares of the technology company’s stock worth $219,000 after buying an additional 1,059 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.

About Flextronics International

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

Insider Buying and Selling by Quarter for Flextronics International (NASDAQ:FLEX)

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