Coldstream Capital Management Inc. Has $433,000 Stock Holdings in Flex Ltd. (NASDAQ:FLEX)

Coldstream Capital Management Inc. reduced its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,956 shares of the technology company’s stock after selling 384 shares during the period. Coldstream Capital Management Inc.’s holdings in Flex were worth $433,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Flex by 0.6% during the third quarter. Creative Planning now owns 141,371 shares of the technology company’s stock worth $4,726,000 after acquiring an additional 839 shares during the period. Hsbc Holdings PLC increased its holdings in Flex by 254.9% during the 2nd quarter. Hsbc Holdings PLC now owns 50,770 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 36,465 shares in the last quarter. Valliance Asset Management Ltd acquired a new stake in shares of Flex in the 2nd quarter valued at about $2,654,000. Algert Global LLC lifted its holdings in shares of Flex by 14.6% in the second quarter. Algert Global LLC now owns 250,455 shares of the technology company’s stock valued at $7,386,000 after purchasing an additional 31,876 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Flex by 153.6% during the third quarter. Gateway Investment Advisers LLC now owns 111,399 shares of the technology company’s stock worth $3,724,000 after buying an additional 67,468 shares during the period. Institutional investors own 94.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Flex

In related news, insider Kwang Hooi Tan sold 8,028 shares of Flex stock in a transaction dated Monday, October 28th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles K. Stevens III sold 13,157 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total value of $509,044.33. Following the completion of the sale, the director now owns 55,713 shares in the company, valued at $2,155,535.97. This represents a 19.10 % decrease in their position. The disclosure for this sale can be found here. 0.82% of the stock is owned by company insiders.

Flex Price Performance

Shares of FLEX opened at $38.38 on Friday. 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 company’s fifty day simple moving average is $37.07 and its 200 day simple moving average is $33.18. Flex Ltd. has a 1-year low of $21.84 and a 1-year high of $42.47. The company has a market cap of $14.88 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.43 and a beta of 1.10.

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.