Quantum Financial Advisors LLC Has $217,000 Stock Position in Flex Ltd. (NASDAQ:FLEX)

Quantum Financial Advisors LLC reduced its position in shares of Flex Ltd. (NASDAQ:FLEX) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,654 shares of the technology company’s stock after selling 669 shares during the quarter. Quantum Financial Advisors LLC’s holdings in Flex were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Janus Henderson Group PLC raised its position in Flex by 1.3% during the third quarter. Janus Henderson Group PLC now owns 26,874,144 shares of the technology company’s stock valued at $898,389,000 after buying an additional 344,773 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Flex by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,978,522 shares of the technology company’s stock worth $235,289,000 after purchasing an additional 127,688 shares during the period. Massachusetts Financial Services Co. MA grew its position in Flex by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,095,907 shares of the technology company’s stock valued at $237,216,000 after purchasing an additional 31,214 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Flex by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,047,021 shares of the technology company’s stock valued at $202,152,000 after buying an additional 296,505 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Flex by 619.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,465,814 shares of the technology company’s stock valued at $149,350,000 after buying an additional 3,844,935 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Insider Buying and Selling

In other news, insider Kwang Hooi Tan sold 8,028 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $35.39, for a total transaction of $284,110.92. Following the transaction, the insider now owns 240,018 shares of the company’s stock, valued at $8,494,237.02. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles K. Stevens III sold 13,157 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total value of $509,044.33. Following the sale, the director now directly owns 55,713 shares of the company’s stock, valued at $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.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays raised their target price on Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group set a $39.00 price target on shares of Flex in a research report on Thursday, October 17th. KeyCorp began coverage on Flex in a report on Tuesday, October 22nd. They issued an “overweight” rating and a $41.00 target price for the company. Craig Hallum upped their price target on Flex from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on shares of Flex from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Flex currently has a consensus rating of “Buy” and an average target price of $42.67.

Flex Price Performance

Flex stock opened at $39.52 on Tuesday. Flex Ltd. has a 52 week low of $21.84 and a 52 week high of $44.45. The firm has a market cap of $15.33 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.44 and a beta of 1.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43. The business’s fifty day moving average is $38.96 and its two-hundred day moving average is $34.28.

Flex 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.