Cwm LLC Has $49,000 Position in Flex Ltd. (NASDAQ:FLEX)

Cwm LLC lifted its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 92.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,609 shares of the technology company’s stock after acquiring an additional 773 shares during the period. Cwm LLC’s holdings in Flex were worth $49,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC bought a new position in shares of Flex during the third quarter valued at $30,000. Fifth Third Bancorp boosted its position in Flex by 276.6% in the fourth 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. Bruce G. Allen Investments LLC acquired a new stake in shares of Flex during the fourth quarter worth approximately $75,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Flex in the 4th quarter worth approximately $77,000. Finally, Optimum Investment Advisors bought a new stake in Flex during the 4th quarter worth approximately $79,000. Institutional investors own 94.30% of the company’s stock.

Insider Buying and Selling at Flex

In related news, EVP David Scott Offer sold 75,000 shares of Flex stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $27.52, for a total transaction of $2,064,000.00. Following the completion of the sale, the executive vice president now directly owns 162,094 shares of the company’s stock, valued at $4,460,826.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP David Scott Offer sold 75,000 shares of Flex stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $27.52, for a total transaction of $2,064,000.00. Following the transaction, the executive vice president now owns 162,094 shares of the company’s stock, valued at approximately $4,460,826.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rebecca Sidelinger sold 13,675 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $27.99, for a total transaction of $382,763.25. Following the completion of the sale, the insider now directly owns 161,913 shares of the company’s stock, valued at approximately $4,531,944.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 395,451 shares of company stock worth $11,323,452. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Craig Hallum lowered Flex from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Thursday, May 2nd. The Goldman Sachs Group raised their price objective on shares of Flex from $29.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, March 4th. StockNews.com started coverage on shares of Flex in a research report on Wednesday, March 6th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Flex from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Barclays upped their price objective on Flex from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.83.

Flex Trading Up 0.5 %

FLEX opened at $28.71 on Friday. Flex Ltd. has a fifty-two week low of $20.83 and a fifty-two week high of $30.93. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. 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 50 day simple moving average of $28.54 and a 200 day simple moving average of $26.94.

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.