Insigneo Advisory Services LLC Buys 748 Shares of Flex Ltd. (NASDAQ:FLEX)

Insigneo Advisory Services LLC boosted its stake in Flex Ltd. (NASDAQ:FLEX) by 3.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,898 shares of the technology company’s stock after acquiring an additional 748 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Flex were worth $665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Flex in the third quarter valued at about $29,000. Huntington National Bank lifted its stake in Flex by 87.9% in the 3rd quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock valued at $34,000 after acquiring an additional 479 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in Flex during the 3rd quarter worth approximately $39,000. Quarry LP bought a new position in shares of Flex during the 2nd quarter worth approximately $43,000. Finally, American Capital Advisory LLC acquired a new stake in shares of Flex in the second quarter valued at approximately $46,000. 94.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group set a $39.00 target price on shares of Flex in a report on Thursday, October 17th. Barclays raised their price objective on Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. KeyCorp started coverage on Flex in a report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 target price on the stock. StockNews.com upgraded Flex from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Craig Hallum upped their price objective on Flex from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Flex presently has an average rating of “Buy” and an average target price of $40.83.

Insider Buying and Selling

In related news, Director Charles K. Stevens III sold 13,157 shares of Flex stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the sale, the director now owns 55,713 shares of the company’s stock, valued at approximately $2,155,535.97. The trade was a 19.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kwang Hooi Tan sold 8,028 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the transaction, the insider now directly owns 240,018 shares in the company, valued at approximately $8,494,237.02. This represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.82% of the stock is owned by insiders.

Flex Price Performance

Shares of NASDAQ FLEX opened at $38.69 on Friday. Flex Ltd. has a twelve month low of $21.84 and a twelve month high of $42.47. The company has a market cap of $15.00 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. The business’s 50 day moving average price is $36.55 and its two-hundred day moving average price is $32.99. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.64.

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.