Share on StockTwits

Flextronics International (NASDAQ:FLEX) CFO Christopher Collier sold 7,500 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $10.56, for a total value of $79,200.00. Following the completion of the transaction, the chief financial officer now directly owns 286,862 shares in the company, valued at approximately $3,029,263. The sale was disclosed in a document filed 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 given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.40.

Shares of Flextronics International (NASDAQ:FLEX) traded up 1.21% during mid-day trading on Thursday, hitting $10.83. 5,170,474 shares of the company’s stock traded hands. Flextronics International has a 1-year low of $7.01 and a 1-year high of $10.86. The stock’s 50-day moving average is $9.67 and its 200-day moving average is $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 posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Flextronics International will post $1.01 EPS 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.