Flex Ltd. (NASDAQ:FLEX) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,571 shares of the technology company's stock after buying an additional 25,223 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of Flex worth $19,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLEX. Janus Henderson Group PLC raised its position in shares of Flex by 1.3% during the 3rd quarter. Janus Henderson Group PLC now owns 26,874,144 shares of the technology company's stock valued at $898,389,000 after buying an additional 344,773 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Flex by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,095,907 shares of the technology company's stock valued at $237,216,000 after purchasing an additional 31,214 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Flex by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,047,021 shares of the technology company's stock valued at $202,152,000 after purchasing an additional 296,505 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Flex by 619.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,465,814 shares of the technology company's stock valued at $149,350,000 after purchasing an additional 3,844,935 shares during the last quarter. Finally, State Street Corp raised its holdings in Flex by 19.7% during the 3rd quarter. State Street Corp now owns 3,664,463 shares of the technology company's stock valued at $122,503,000 after buying an additional 603,208 shares during the period. 94.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FLEX has been the topic of a number of analyst reports. KeyCorp assumed coverage on shares of Flex in a research report on Tuesday, October 22nd. They set an "overweight" rating and a $41.00 price objective on the stock. Barclays increased their price objective on shares of Flex from $43.00 to $49.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. StockNews.com cut Flex from a "buy" rating to a "hold" rating in a research note on Saturday. Stifel Nicolaus raised their price target on Flex from $40.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group set a $39.00 price objective on Flex in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Flex currently has a consensus rating of "Buy" and a consensus price target of $43.67.

Insiders Place Their Bets

In other Flex news, Director Charles K. Stevens III sold 13,157 shares of the 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 directly owns 55,713 shares of the company's stock, valued at approximately $2,155,535.97. This represents a 19.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by company insiders.

Flex Stock Up 3.5 %

NASDAQ FLEX traded up $1.42 on Tuesday, reaching $41.92. 4,400,678 shares of the stock traded hands, compared to its average volume of 3,744,625. Flex Ltd. has a 12 month low of $24.05 and a 12 month high of $45.10. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 2.43 and a beta of 1.10. The company has a fifty day moving average price of $39.99 and a 200-day moving average price of $35.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Flex had a net margin of 3.95% and a return on equity of 17.83%. As a group, research analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

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.