Flex Ltd. (NASDAQ:FLEX) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC increased its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 132.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,031 shares of the technology company's stock after buying an additional 22,238 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Flex were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of Flex by 23.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the technology company's stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Sage Rhino Capital LLC increased its position in shares of Flex by 1.1% during the 4th quarter. Sage Rhino Capital LLC now owns 35,378 shares of the technology company's stock valued at $1,358,000 after purchasing an additional 374 shares during the last quarter. Arizona State Retirement System increased its holdings in Flex by 0.4% in the 4th quarter. Arizona State Retirement System now owns 115,236 shares of the technology company's stock worth $4,424,000 after acquiring an additional 403 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Flex by 2.0% during the 3rd quarter. Raymond James Trust N.A. now owns 20,720 shares of the technology company's stock valued at $693,000 after buying an additional 413 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of Flex by 87.9% during 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 during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

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Insider Activity at Flex

In other Flex news, insider Michael P. Hartung sold 64,807 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $43.89, for a total transaction of $2,844,379.23. Following the completion of the sale, the insider now owns 233,526 shares in the company, valued at $10,249,456.14. This represents a 21.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lay Koon Tan sold 50,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $43.25, for a total value of $2,162,500.00. Following the sale, the director now owns 202,850 shares of the company's stock, valued at approximately $8,773,262.50. This represents a 19.77 % decrease in their position. The disclosure for this sale can be found here. 0.82% of the stock is owned by company insiders.

Flex Trading Down 6.3 %

Shares of FLEX traded down $2.18 during mid-day trading on Monday, reaching $32.52. 2,526,777 shares of the company's stock traded hands, compared to its average volume of 3,830,136. The stock has a market cap of $12.46 billion, a P/E ratio of 13.12, a P/E/G ratio of 2.43 and a beta of 1.07. The stock's 50-day moving average is $40.69 and its two-hundred day moving average is $37.22. Flex Ltd. has a 12 month low of $25.27 and a 12 month high of $45.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.41 and a quick ratio of 0.83.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results on Wednesday, January 29th. The technology company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. Flex had a return on equity of 17.93% and a net margin of 3.95%. Research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays boosted their price objective on Flex from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. StockNews.com raised Flex from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Finally, Stifel Nicolaus initiated coverage on Flex in a report on Tuesday, February 11th. They set a "buy" rating and a $52.00 price target on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Flex currently has a consensus rating of "Buy" and an average target price of $44.33.

Flex Company 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.