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Insider Trading at Flextronics International Ltd.?

11 Juillet 2017

Insiders sold a total of 960,741 shares of company stock valued at $15,728,470 in the last 90 days. Morgan Stanley's holdings in Flextronics International were worth $25,630,000 as of its most recent filing with the SEC.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLEX. Achmea Investment Management B.V. bought a new position in Flextronics International during the first quarter valued at $2,513,000. Wellington Management Group LLP now owns 14,453,585 shares of the technology company's stock worth $242,819,000 after buying an additional 4,688,140 shares during the last quarter. Keybank National Association OH bought a new stake in Flextronics International during the first quarter valued at $199,000. Cambridge Investment Research Advisors Inc. boosted its stake in Flextronics International by 4.5% in the first quarter. Norges Bank bought a new position in Flextronics International during the fourth quarter worth approximately $82,125,000. Fulton Bank N.A. now owns 13,165 shares of the technology company's stock worth $221,000 after buying an additional 528 shares during the last quarter. Janus Capital Management LLC raised its position in Flextronics International by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,087 shares of the technology company's stock worth $203,000 after buying an additional 516 shares during the last quarter. Macquarie assumed coverage on shares of Flextronics International in a report on Thursday, June 22nd.

Shares of Flextronics International (NASDAQ FLEX) traded up 1.24% during trading on Thursday, reaching $16.29.

Flextronics International Ltd. has a one year low of $11.87 and a one year high of $17.76. The company has a market cap of $8.57 billion, a PE ratio of 27.42 and a beta of 0.80. The stock's 50 day moving average is $16.84 and its 200-day moving average is $16.00.

Flextronics International (NASDAQ:FLEX) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.29 earnings per share for the quarter, hitting analysts' consensus estimates of $0.29. Flextronics International had a return on equity of 21.19% and a net margin of 1.34%. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.68 billion. Next quarter's EPS is estimated at $0.29 and the next full year EPS is anticipated to be $1.43. The firm's quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Flextronics International Ltd. will post $1.20 earnings per share for the current year. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and global trademark and copyright law. The legal version of this story can be accessed at https://www.baseball-news-blog.com/2017/07/09/flextronics-international-ltd-nasdaqflex-shares-sold-by-morgan-stanley.html.

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Several research firms have recently weighed in on FLEX. ValuEngine upgraded shares of Flextronics International from a "hold" rating to a "buy" rating in a report on Friday, June 2nd. Deutsche Bank AG reissued a "hold" rating and issued a $16.00 price objective (up from $15.00) on shares of Flextronics International in a research note on Saturday, April 29th. Royal Bank Of Canada reissued a "buy" rating and set a $22.00 price objective on shares of Flextronics International in a research note on Tuesday, March 28th.

A number of analysts have issued reports on the company. The stock has a consensus rating of "Buy" and a consensus target price of $17.13. The shares were purchased at an average price of $16.61. The stock was sold at an average price of $15.11, for a total transaction of $453,300.00. In addition, the company provides component product solutions, including rigid and flexible printed circuit board fabrication, and power supplies; after-market supply chain logistics services; and reverse logistics and fix services, such as returns management, exchange programs, complex fix, asset recovery, recycling and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebooks, PC's, set-top boxes, game consoles, and infrastructure products. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael M. Mcnamara sold 58,838 shares of the company's stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $16.81, for a total value of $989,066.78. The disclosure for this sale can be found here.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services.

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