16,060 Shares in Flex Ltd. (NASDAQ:FLEX) Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 16,060 shares of the technology company's stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLEX. Harbor Capital Advisors Inc. bought a new stake in Flex during the 3rd quarter worth $29,000. Huntington National Bank boosted its stake in shares of 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 purchasing an additional 479 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in Flex during the 3rd quarter worth about $39,000. Quarry LP acquired a new position in Flex in the second quarter valued at approximately $43,000. Finally, American Capital Advisory LLC acquired a new stake in Flex in the second quarter worth $46,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Stock Performance

Shares of Flex stock traded up $0.25 during trading hours on Monday, hitting $39.22. 3,057,827 shares of the company's stock traded hands, compared to its average volume of 4,398,735. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.48 and a beta of 1.08. Flex Ltd. has a 12-month low of $21.84 and a 12-month high of $42.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 0.85. The company has a fifty day simple moving average of $35.93 and a 200-day simple moving average of $32.68.

Analysts Set New Price Targets

FLEX has been the topic of a number of research reports. The Goldman Sachs Group set a $39.00 price target on Flex in a research note on Thursday, October 17th. StockNews.com upgraded shares of Flex from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Craig Hallum raised their price objective on shares of Flex from $39.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. KeyCorp began coverage on shares of Flex in a research report on Tuesday, October 22nd. They set an "overweight" rating and a $41.00 target price for the company. Finally, Barclays raised their price target on shares of Flex from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $40.83.

Insider Activity

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

About Flex

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.