KCS Wealth Advisory grew its stake in shares of Flex Ltd (NASDAQ:FLEX) by 51.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,604 shares of the technology company’s stock after buying an additional 14,812 shares during the quarter. KCS Wealth Advisory’s holdings in Flex were worth $436,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in Flex by 52.9% in the 4th quarter. Victory Capital Management Inc. now owns 20,176,057 shares of the technology company’s stock worth $153,540,000 after purchasing an additional 6,979,920 shares in the last quarter. FMR LLC grew its position in Flex by 350.5% in the 4th quarter. FMR LLC now owns 10,366,013 shares of the technology company’s stock worth $78,886,000 after purchasing an additional 8,065,169 shares in the last quarter. Deutsche Bank AG grew its position in Flex by 242.6% in the 4th quarter. Deutsche Bank AG now owns 10,302,561 shares of the technology company’s stock worth $78,401,000 after purchasing an additional 7,295,561 shares in the last quarter. BlackRock Inc. grew its position in shares of Flex by 5.4% during the 4th quarter. BlackRock Inc. now owns 10,007,102 shares of the technology company’s stock valued at $76,154,000 after acquiring an additional 515,902 shares during the period. Finally, Pzena Investment Management LLC grew its position in shares of Flex by 40.7% during the 4th quarter. Pzena Investment Management LLC now owns 8,968,354 shares of the technology company’s stock valued at $68,249,000 after acquiring an additional 2,593,410 shares during the period. 94.65% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ FLEX traded down $0.24 on Wednesday, hitting $9.72. The stock had a trading volume of 9,421,573 shares, compared to its average volume of 6,818,437. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.26 and a quick ratio of 0.75. The stock has a market capitalization of $5.07 billion, a PE ratio of 54.00, a P/E/G ratio of 0.64 and a beta of 1.80. Flex Ltd has a 52-week low of $6.74 and a 52-week high of $15.38.
Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Flex had a net margin of 0.36% and a return on equity of 2.99%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. On average, research analysts anticipate that Flex Ltd will post 0.98 EPS for the current year.
A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Flex from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Zacks Investment Research cut shares of Flex from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, ValuEngine upgraded shares of Flex from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Flex has a consensus rating of “Hold” and a consensus target price of $12.33.
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Flex Company Profile
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.
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