Green Alpha Advisors LLC Has $667,000 Stock Position in Flex Ltd. (NASDAQ:FLEX)

Green Alpha Advisors LLC lessened its holdings in Flex Ltd. (NASDAQ:FLEX) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,378 shares of the technology company’s stock after selling 2,319 shares during the quarter. Green Alpha Advisors LLC’s holdings in Flex were worth $667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new stake in Flex in the third quarter valued at about $29,000. Huntington National Bank lifted its holdings in shares of Flex by 87.9% in the third quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock worth $34,000 after acquiring an additional 479 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Flex in the 3rd quarter valued at approximately $39,000. Quarry LP bought a new stake in shares of Flex during the 2nd quarter valued at approximately $43,000. Finally, First Horizon Advisors Inc. increased its position in Flex by 23.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the technology company’s stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Insider Buying and Selling

In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles K. Stevens III sold 13,157 shares of the company’s stock in a transaction on 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 directly 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 insiders.

Flex Stock Down 2.1 %

Shares of FLEX opened at $40.21 on Monday. The company has a market capitalization of $15.59 billion, a PE ratio of 17.79, a PEG ratio of 2.44 and a beta of 1.10. The stock’s 50-day moving average price is $38.87 and its two-hundred day moving average price is $34.21. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Flex Ltd. has a 12 month low of $21.84 and a 12 month high of $44.45.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLEX. KeyCorp initiated coverage on shares of Flex in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 target price on the stock. The Goldman Sachs Group set a $39.00 price objective on Flex in a research report on Thursday, October 17th. Stifel Nicolaus increased their target price on Flex from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. StockNews.com cut Flex from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, 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. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Flex presently has a consensus rating of “Buy” and an average price target of $42.67.

Flex Company Profile

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.