21,023 Shares in Flex Ltd. (NASDAQ:FLEX) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new stake in Flex Ltd. (NASDAQ:FLEX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,023 shares of the technology company’s stock, valued at approximately $703,000.

Several other institutional investors also recently made changes to their positions in FLEX. First Horizon Advisors Inc. lifted its stake in shares of Flex by 23.6% in the third quarter. First Horizon Advisors Inc. now owns 1,596 shares of the technology company’s stock valued at $53,000 after purchasing an additional 305 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Flex by 1.8% during the second quarter. Raymond James Trust N.A. now owns 20,307 shares of the technology company’s stock worth $599,000 after purchasing an additional 360 shares during the last quarter. Stephens Inc. AR grew its holdings in Flex by 2.6% in the 3rd quarter. Stephens Inc. AR now owns 14,106 shares of the technology company’s stock valued at $472,000 after buying an additional 361 shares during the period. Huntington National Bank grew its holdings in Flex by 87.9% in the third quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock valued at $34,000 after purchasing an additional 479 shares during the period. Finally, Wahed Invest LLC grew its stake in shares of Flex by 7.4% during the 3rd quarter. Wahed Invest LLC now owns 9,637 shares of the technology company’s stock valued at $322,000 after buying an additional 667 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Kwang Hooi Tan sold 8,028 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the transaction, the insider now owns 240,018 shares in the company, valued at approximately $8,494,237.02. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles K. Stevens III sold 13,157 shares of Flex stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the sale, the director now owns 55,713 shares in the company, valued at approximately $2,155,535.97. This represents a 19.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.82% of the stock is owned by corporate insiders.

Flex Stock Up 0.6 %

Shares of Flex stock opened at $38.38 on Friday. Flex Ltd. has a twelve month low of $21.84 and a twelve month high of $42.47. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.43 and a beta of 1.10. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $37.07 and its 200-day simple moving average is $33.18.

Analyst Ratings Changes

A number of analysts recently issued reports on FLEX shares. KeyCorp initiated coverage on shares of Flex in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 target price for the company. StockNews.com raised Flex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group set a $39.00 price target on shares of Flex in a report on Thursday, October 17th. Craig Hallum upped their price objective on Flex from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus upped their price target on Flex from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $42.67.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.