Flextronics International Insider Francois Barbier Sells 39,000 Shares (FLEX)
Flextronics International (NASDAQ:FLEX) Insider Francois Barbier sold 39,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $10.38, for a total transaction of $404,820.00. Following the completion of the sale, the insider now directly owns 358,800 shares in the company, valued at approximately $3,724,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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, May 22nd. 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, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.40.
Flextronics International (NASDAQ:FLEX) traded up 1.21% on Thursday, hitting $10.83. The stock had a trading volume of 5,170,474 shares. Flextronics International has a 52-week low of $7.01 and a 52-week high of $10.86. The stock has a 50-day moving average of $9.67 and a 200-day moving average of $8.66. The company has a market cap of $6.340 billion and a P/E ratio of 18.14.
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 $1.01 earnings per share for the current fiscal year.
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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