Flex Ltd. (NASDAQ:FLEX) Stock Position Lifted by Cozad Asset Management Inc.

Cozad Asset Management Inc. lifted its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,178 shares of the technology company's stock after acquiring an additional 43,099 shares during the period. Flex accounts for about 1.1% of Cozad Asset Management Inc.'s investment portfolio, making the stock its 22nd largest position. Cozad Asset Management Inc. owned 0.09% of Flex worth $11,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Flex during the 3rd quarter worth about $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Flex during the 3rd quarter worth about $39,000. Quarry LP purchased a new stake in shares of Flex during the 2nd quarter worth about $43,000. American Capital Advisory LLC purchased a new stake in shares of Flex during the 2nd quarter worth about $46,000. Finally, Silicon Valley Capital Partners purchased a new position in Flex in the 3rd quarter worth approximately $74,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Flex

In related news, EVP David Scott Offer sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the sale, the executive vice president now directly owns 158,094 shares in the company, valued at $5,209,197.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Kwang Hooi Tan sold 8,028 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction of $284,110.92. Following the sale, the insider now owns 240,018 shares in the company, valued at $8,494,237.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Scott Offer sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $32.95, for a total transaction of $329,500.00. Following the sale, the executive vice president now owns 158,094 shares in the company, valued at $5,209,197.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,028 shares of company stock valued at $933,511. Corporate insiders own 0.82% of the company's stock.

Flex Price Performance

NASDAQ:FLEX traded up $0.52 during midday trading on Thursday, hitting $39.50. 1,145,166 shares of the stock were exchanged, compared to its average volume of 4,135,595. The business has a 50-day moving average price of $33.09 and a two-hundred day moving average price of $31.40. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 2.08 and a beta of 1.08. Flex Ltd. has a one year low of $21.84 and a one year high of $39.63.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FLEX shares. KeyCorp started coverage on Flex in a report on Tuesday, October 22nd. They issued an "overweight" rating and a $41.00 price target for the company. Barclays boosted 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. Craig Hallum increased their target price on Flex from $39.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on shares of Flex from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Finally, StockNews.com raised shares of Flex from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $40.83.

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.