18,239 Shares in Flex Ltd. $FLEX Purchased by Winnow Wealth LLC

Winnow Wealth LLC acquired a new stake in shares of Flex Ltd. (NASDAQ:FLEX) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,239 shares of the technology company’s stock, valued at approximately $1,058,000.

A number of other institutional investors have also modified their holdings of FLEX. Norges Bank bought a new stake in shares of Flex during the second quarter valued at approximately $291,362,000. State Street Corp increased its holdings in Flex by 38.0% during the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after purchasing an additional 3,377,669 shares during the period. Geode Capital Management LLC raised its position in Flex by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock valued at $358,500,000 after purchasing an additional 2,459,511 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Flex by 5,973.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock worth $79,132,000 after buying an additional 1,342,569 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Flex by 44.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,928,808 shares of the technology company’s stock worth $146,206,000 after buying an additional 894,790 shares in the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Flex Trading Down 3.7%

NASDAQ FLEX opened at $63.04 on Friday. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $72.22. The company has a 50 day moving average price of $63.22 and a 200 day moving average price of $58.81. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60. The firm has a market cap of $23.31 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24.

Insider Activity

In other Flex news, Director Michael E. Hurlston sold 10,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $58.00, for a total value of $580,000.00. Following the completion of the sale, the director directly owned 58,561 shares in the company, valued at approximately $3,396,538. This trade represents a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the sale, the chief financial officer owned 143,803 shares in the company, valued at $8,805,057.69. The trade was a 12.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 101,406 shares of company stock worth $6,129,539. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. KeyCorp boosted their price target on shares of Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Bank of America increased their price objective on shares of Flex from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Jefferies Financial Group restated a “hold” rating and set a $23.00 target price on shares of Flex in a report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.11.

Flex Company 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.