Campbell & CO Investment Adviser LLC Takes $1.46 Million Position in Flex Ltd. $FLEX

Campbell & CO Investment Adviser LLC acquired a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,189 shares of the technology company’s stock, valued at approximately $1,460,000.

Several other large investors have also recently added to or reduced their stakes in FLEX. Brighton Jones LLC bought a new position in shares of Flex in the fourth quarter worth $260,000. Goldman Sachs Group Inc. lifted its holdings in Flex by 19.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after purchasing an additional 211,046 shares during the period. Empowered Funds LLC acquired a new position in Flex during the 1st quarter valued at about $397,000. Parallel Advisors LLC raised its position in shares of Flex by 198.1% during the 2nd quarter. Parallel Advisors LLC now owns 3,407 shares of the technology company’s stock worth $170,000 after buying an additional 2,264 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Flex in the 2nd quarter worth approximately $294,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on FLEX shares. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price objective on shares of Flex in a research note on Wednesday, November 12th. Raymond James Financial upgraded Flex from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Wednesday. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. The Goldman Sachs Group raised their target price on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, Bank of America boosted their price target on shares of Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Flex currently has an average rating of “Moderate Buy” and an average price target of $66.11.

Insider Buying and Selling

In related news, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the sale, the chief accounting officer directly owned 27,619 shares in the company, valued at approximately $1,987,739.43. This trade represents a 26.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the transaction, the chief financial officer owned 143,803 shares in the company, valued at $8,805,057.69. This trade represents a 12.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 128,906 shares of company stock worth $7,904,439. Insiders own 0.57% of the company’s stock.

Flex Price Performance

NASDAQ FLEX opened at $64.83 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $72.22. The company has a market cap of $23.97 billion, a PE ratio of 28.69, a PEG ratio of 1.72 and a beta of 1.24. The stock’s 50-day moving average price is $62.11 and its two-hundred day moving average price is $57.94.

Flex Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.