Flex Ltd. (NASDAQ:FLEX) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. trimmed its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,041,781 shares of the technology company's stock after selling 7,451 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.27% of Flex worth $39,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLEX. First Horizon Advisors Inc. grew its position in Flex by 23.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the technology company's stock worth $53,000 after purchasing an additional 305 shares during the period. Sage Rhino Capital LLC boosted its stake in shares of Flex by 1.1% in the fourth quarter. Sage Rhino Capital LLC now owns 35,378 shares of the technology company's stock worth $1,358,000 after buying an additional 374 shares during the last quarter. Arizona State Retirement System grew its holdings in Flex by 0.4% during the fourth quarter. Arizona State Retirement System now owns 115,236 shares of the technology company's stock worth $4,424,000 after acquiring an additional 403 shares during the period. Raymond James Trust N.A. lifted its holdings in Flex by 2.0% in the third quarter. Raymond James Trust N.A. now owns 20,720 shares of the technology company's stock valued at $693,000 after acquiring an additional 413 shares during the period. Finally, Huntington National Bank lifted its holdings in Flex by 87.9% in 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 during the period. Institutional investors and hedge funds own 94.30% of the company's stock.

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Insider Transactions at Flex

In related news, Director Lay Koon Tan sold 50,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $43.25, for a total transaction of $2,162,500.00. Following the transaction, the director now directly owns 202,850 shares in the company, valued at approximately $8,773,262.50. The trade was a 19.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael P. Hartung sold 64,807 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $43.89, for a total transaction of $2,844,379.23. Following the completion of the sale, the insider now owns 233,526 shares of the company's stock, valued at approximately $10,249,456.14. The trade was a 21.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.82% of the company's stock.

Wall Street Analysts Forecast Growth

FLEX has been the subject of several recent research reports. StockNews.com raised shares of Flex from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Barclays upped 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. Finally, Stifel Nicolaus started coverage on Flex in a research report on Tuesday, February 11th. They set a "buy" rating and a $52.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Flex presently has an average rating of "Buy" and a consensus price target of $44.33.

Flex Price Performance

Shares of FLEX stock traded up $0.34 on Friday, reaching $36.40. 8,769,539 shares of the company were exchanged, compared to its average volume of 3,793,831. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 2.43 and a beta of 1.07. Flex Ltd. has a 1 year low of $25.27 and a 1 year high of $45.10. The business has a 50-day moving average price of $39.76 and a 200 day moving average price of $37.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.83 and a current ratio of 1.41.

Flex (NASDAQ:FLEX - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. Flex had a return on equity of 17.93% and a net margin of 3.95%. Equities research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

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.