Flextronics International Ltd. (FLEX) Director Sells $159,570.00 in Stock
Flextronics International Ltd. (NASDAQ:FLEX) Director William D. Watkins sold 9,000 shares of Flextronics International stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $17.73, for a total value of $159,570.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Flextronics International Ltd. (NASDAQ:FLEX) traded up $0.09 during midday trading on Friday, reaching $17.84. The company’s stock had a trading volume of 1,704,735 shares, compared to its average volume of 3,497,153. Flextronics International Ltd. has a twelve month low of $14.22 and a twelve month high of $19.11. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $9,380.00, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 0.97 and a beta of 0.81.
Flextronics International (NASDAQ:FLEX) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Flextronics International had a return on equity of 22.71% and a net margin of 2.25%. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts expect that Flextronics International Ltd. will post 1.09 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLEX. Russell Investments Group Ltd. raised its position in Flextronics International by 317.4% during the third quarter. Russell Investments Group Ltd. now owns 1,189,046 shares of the technology company’s stock valued at $19,702,000 after purchasing an additional 904,163 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Flextronics International by 9.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 4,996,536 shares of the technology company’s stock valued at $82,792,000 after purchasing an additional 421,171 shares in the last quarter. South Street Advisors LLC purchased a new stake in Flextronics International during the second quarter valued at about $3,277,000. Korea Investment CORP raised its position in Flextronics International by 145.7% during the third quarter. Korea Investment CORP now owns 257,300 shares of the technology company’s stock valued at $4,263,000 after purchasing an additional 152,600 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its position in Flextronics International by 6.2% during the third quarter. Tocqueville Asset Management L.P. now owns 1,116,155 shares of the technology company’s stock valued at $18,495,000 after purchasing an additional 65,000 shares in the last quarter. Institutional investors and hedge funds own 95.40% of the company’s stock.
Several research firms recently issued reports on FLEX. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Flextronics International in a research note on Friday, October 13th. Zacks Investment Research raised Flextronics International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine raised Flextronics International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus lifted their price objective on Flextronics International from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Argus lifted their price objective on Flextronics International from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.53.
Flextronics International Company Profile
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).
Receive News & Ratings for Flextronics International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flextronics International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.