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

Robeco Institutional Asset Management B.V. increased its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 113.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 486,348 shares of the technology company's stock after purchasing an additional 257,975 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Flex worth $16,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FLEX. Creative Planning lifted its holdings in shares of Flex by 0.6% in the 3rd quarter. Creative Planning now owns 141,371 shares of the technology company's stock worth $4,726,000 after acquiring an additional 839 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Flex by 441.6% in the second quarter. SG Americas Securities LLC now owns 47,477 shares of the technology company's stock worth $1,400,000 after buying an additional 38,711 shares during the period. Hsbc Holdings PLC boosted its holdings in Flex by 254.9% during the 2nd quarter. Hsbc Holdings PLC now owns 50,770 shares of the technology company's stock valued at $1,499,000 after acquiring an additional 36,465 shares during the period. Twin Tree Management LP grew its position in Flex by 29,912.0% in the 1st quarter. Twin Tree Management LP now owns 97,239 shares of the technology company's stock valued at $2,782,000 after acquiring an additional 96,915 shares during the last quarter. Finally, Valliance Asset Management Ltd bought a new stake in shares of Flex during the second quarter worth $2,654,000. Hedge funds and other institutional investors own 94.30% of the company's stock.

Insider Activity at Flex

In other Flex news, EVP David Scott Offer sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $31.99, for a total value of $319,900.00. Following the sale, the executive vice president now directly owns 168,094 shares of the company's stock, valued at approximately $5,377,327.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kwang Hooi Tan sold 8,028 shares of the company's 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 owns 240,018 shares in the company, valued at $8,494,237.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Scott Offer sold 10,000 shares of Flex stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $31.99, for a total value of $319,900.00. Following the completion of the sale, the executive vice president now directly owns 168,094 shares in the company, valued at $5,377,327.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,028 shares of company stock worth $933,511 in the last 90 days. Corporate insiders own 0.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FLEX shares. Stifel Nicolaus upped their price target on shares of Flex from $32.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Craig Hallum raised their target price on shares of Flex from $39.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. KeyCorp initiated coverage on Flex in a report on Tuesday, October 22nd. They issued an "overweight" rating and a $41.00 price target for the company. JPMorgan Chase & Co. increased their price target on Flex from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. Finally, StockNews.com upgraded Flex from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $40.83.

Flex Stock Performance

NASDAQ:FLEX traded up $1.02 during trading hours on Thursday, reaching $40.00. The company had a trading volume of 2,057,625 shares, compared to its average volume of 4,139,819. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 0.85. Flex Ltd. has a 1-year low of $21.84 and a 1-year high of $40.01. The business's 50 day moving average price is $33.09 and its 200-day moving average price is $31.40. The firm has a market cap of $15.51 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08.

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.