Timber Creek Capital Management LLC Has $4.99 Million Stock Holdings in Flex Ltd. (NASDAQ:FLEX)

Timber Creek Capital Management LLC boosted its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,128 shares of the technology company's stock after purchasing an additional 23,610 shares during the quarter. Flex comprises approximately 1.4% of Timber Creek Capital Management LLC's investment portfolio, making the stock its 28th largest holding. Timber Creek Capital Management LLC's holdings in Flex were worth $4,985,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Flex during the third quarter worth about $29,000. Huntington National Bank raised its holdings in shares of Flex by 87.9% during the third 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 in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of Flex during the third quarter valued at approximately $39,000. Quarry LP purchased a new stake in Flex in the second quarter worth $43,000. Finally, American Capital Advisory LLC purchased a new stake in Flex in the second quarter worth $46,000. 94.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $35.39, for a total value of $284,110.92. Following the sale, the insider now directly owns 240,018 shares in the company, valued at approximately $8,494,237.02. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles K. Stevens III sold 13,157 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 owns 55,713 shares in the company, valued at approximately $2,155,535.97. This trade represents a 19.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Craig Hallum increased their target price on Flex from $39.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. StockNews.com raised Flex from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. KeyCorp started coverage on Flex in a research report on Tuesday, October 22nd. They set an "overweight" rating and a $41.00 price objective on the stock. The Goldman Sachs Group set a $39.00 price target on Flex in a report on Thursday, October 17th. Finally, Barclays boosted their price target on Flex from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Flex presently has an average rating of "Buy" and a consensus price target of $40.83.

Flex Stock Up 0.4 %

NASDAQ FLEX traded up $0.15 during trading on Friday, reaching $38.97. 1,576,991 shares of the company's stock were exchanged, compared to its average volume of 6,846,584. The stock has a market cap of $15.11 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08. Flex Ltd. has a 1 year low of $21.84 and a 1 year high of $42.47. The company has a 50 day moving average price of $35.93 and a two-hundred day moving average price of $32.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43.

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.