SG Americas Securities LLC Has $947,000 Position in Flex Ltd. (NASDAQ:FLEX)

SG Americas Securities LLC lowered its position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 59.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,667 shares of the technology company's stock after selling 36,857 shares during the quarter. SG Americas Securities LLC's holdings in Flex were worth $947,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FLEX. Creative Planning lifted its position in shares of Flex by 0.6% during the 3rd quarter. Creative Planning now owns 141,371 shares of the technology company's stock valued at $4,726,000 after acquiring an additional 839 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Flex by 153.6% during the third quarter. Gateway Investment Advisers LLC now owns 111,399 shares of the technology company's stock valued at $3,724,000 after purchasing an additional 67,468 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 period. Robeco Institutional Asset Management B.V. increased its stake in Flex by 113.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 486,348 shares of the technology company's stock worth $16,259,000 after purchasing an additional 257,975 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Flex by 619.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,465,814 shares of the technology company's stock worth $149,350,000 after buying an additional 3,844,935 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Flex

In other news, Director Charles K. Stevens III sold 13,157 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total transaction of $509,044.33. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by company insiders.

Flex Stock Down 1.0 %

Shares of NASDAQ:FLEX traded down $0.43 during midday trading on Friday, hitting $41.65. 3,989,502 shares of the stock were exchanged, compared to its average volume of 3,307,042. The business's fifty day simple moving average is $39.96 and its two-hundred day simple moving average is $35.45. 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 Ltd. has a 52-week low of $23.64 and a 52-week high of $45.10. The company has a market capitalization of $16.15 billion, a PE ratio of 16.79, a P/E/G ratio of 2.61 and a beta of 1.10.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. Flex had a return on equity of 17.83% and a net margin of 3.95%. As a group, research analysts predict that Flex Ltd. will post 2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLEX has been the subject of several recent analyst reports. 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 report on Thursday, October 31st. The Goldman Sachs Group set a $39.00 price objective on shares of Flex in a research report on Thursday, October 17th. StockNews.com lowered Flex from a "buy" rating to a "hold" rating in a report on Saturday. Barclays upped their price target on Flex from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, KeyCorp assumed coverage on Flex in a research report on Tuesday, October 22nd. They set an "overweight" rating and a $41.00 price objective for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $43.67.

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.