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Flextronics International (NASDAQ:FLEX) EVP Jonathan S. Hoak sold 15,249 shares of Flextronics International stock on the open market in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $9.67, for a total transaction of $147,457.83. Following the transaction, the executive vice president now directly owns 183,742 shares of the company’s stock, valued at approximately $1,776,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Flextronics International (NASDAQ:FLEX) traded up 4.58% on Thursday, hitting $10.04. 10,683,045 shares of the company’s stock traded hands. Flextronics International has a 1-year low of $7.01 and a 1-year high of $10.06. The stock’s 50-day moving average is $9.37 and its 200-day moving average is $8.48. The company has a market cap of $6.008 billion and a P/E ratio of 16.38.

Flextronics International (NASDAQ:FLEX) last announced its earnings results on Wednesday, April 30th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.04. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.10 billion. On average, analysts predict that Flextronics International will post $1.02 earnings per share for the current fiscal year.

FLEX has been the subject of a number of recent research reports. Analysts at Needham & Company LLC upgraded shares of Flextronics International from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $12.00 price target on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of Flextronics International from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Finally, analysts at Argus upgraded shares of Flextronics International from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. They now have a $13.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.40.

Flextronics International Ltd. (NASDAQ:FLEX) is a global provider of global supply chain solutions, through which the Company designs, build, ship and services a packaged electronic product to original equipment manufacturers (OEMs) in the markets, which include High Reliability Solutions (HRS), which is consists of its medical, automotive, defense and aerospace businesses; High Velocity Solutions (HVS), which includes its mobile devices business, including smart phones, and consumer electronics, including game consoles, high-volume computing business, including notebook personal computing (PC), tablets and printers; Industrial and Emerging Industries (IEI), which is consists of its household appliances, equipment, and industries businesses, and Integrated Network Solutions (INS), which includes its telecommunications infrastructure, data networking, connected home, and server and storage businesses.

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