The stock of Flex Ltd (NASDAQ:FLEX) is a huge mover today! About 1.17 million shares traded hands. Flex Ltd (NASDAQ:FLEX) has risen 16.91% since April 26, 2016 and is uptrending. It has outperformed by 11.65% the S&P500.
The move comes after 5 months positive chart setup for the $7.87B company. It was reported on Nov, 29 by Barchart.com. We have $15.53 PT which if reached, will make NASDAQ:FLEX worth $472.20M more.
Analysts await Flex Ltd (NASDAQ:FLEX) to report earnings on January, 26. They expect $0.30 EPS, down 9.09% or $0.03 from last year’s $0.33 per share. FLEX’s profit will be $161.16M for 12.21 P/E if the $0.30 EPS becomes a reality. After $0.24 actual EPS reported by Flex Ltd for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
Flex Ltd (NASDAQ:FLEX) Ratings Coverage
Out of 14 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 79% are positive. Flextronics International Ltd. has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Sell” rating in Tuesday, August 11 report. UBS upgraded the stock to “Buy” rating in Wednesday, September 9 report. The firm earned “Buy” rating on Friday, December 11 by Citigroup. The firm has “Sell” rating by Zacks given on Friday, August 21. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, January 18 report. The company was downgraded on Wednesday, September 2 by Zacks. The stock has “Buy” rating given by Argus Research on Friday, January 29. The firm has “Overweight” rating by JP Morgan given on Tuesday, April 26. RBC Capital Markets maintained Flex Ltd (NASDAQ:FLEX) on Friday, January 15 with “Outperform” rating. The rating was upgraded by Raymond James on Friday, January 29 to “Strong Buy”.
According to Zacks Investment Research, “Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking, consumer electronics and computer industries. The company’s strategy is to provide customers with the ability to outsource, on a global basis, a complete product wherethe company’s take responsibility for engineering, supply chain management, assembly, integration, test and logistics management. The company provides complete product design services, including electrical and mechanical, circuit and layout.”
Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.49, from 1.26 in 2016Q1. The ratio dived, as 28 funds sold all Flex Ltd shares owned while 100 reduced positions. 52 funds bought stakes while 109 increased positions. They now own 436.77 million shares or 2.18% more from 427.45 million shares in 2016Q1.
The New York-based Focused Wealth has invested 0% in Flex Ltd (NASDAQ:FLEX). Gateway Advisers Ltd Liability Co owns 10,778 shares or 0% of their US portfolio. Walleye Trading Ltd Co last reported 0% of its portfolio in the stock. Wfg Advsrs Limited Partnership accumulated 0% or 1,052 shares. Oxford Asset holds 751,863 shares or 0.37% of its portfolio. Lucus Advsr Limited Liability Corporation reported 28,859 shares or 0.28% of all its holdings. State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 14,100 shares. Stevens Cap Mgmt L P holds 0.17% of its portfolio in Flex Ltd (NASDAQ:FLEX) for 362,335 shares. Investment House Limited Com last reported 219,775 shares in the company. Fmr Limited Liability Company last reported 1.88M shares in the company. Oregon Public Employees Retirement Fund accumulated 18,200 shares or 0% of the stock. Amp Capital Ltd last reported 0.04% of its portfolio in the stock. Advsrs holds 398,673 shares or 0.48% of its portfolio. Airain Limited has invested 0.27% of its portfolio in Flex Ltd (NASDAQ:FLEX). Horizon Service Limited Liability accumulated 0.16% or 26,468 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 17 insider sales for $14.07 million net activity. Humphries Paul also sold $971,256 worth of Flex Ltd (NASDAQ:FLEX) on Monday, June 13. 22,750 shares with value of $289,150 were sold by Barbier Francois on Monday, June 13. Bennett David P sold $138,758 worth of Flex Ltd (NASDAQ:FLEX) on Thursday, June 16. $4,308 worth of shares were sold by Tan Lay Koon on Saturday, October 15. Shares for $64,954 were sold by HOAK JONATHAN S on Monday, June 13. Another trade for 217,125 shares valued at $2.79M was sold by MCNAMARA MICHAEL M. Another trade for 9,513 shares valued at $120,482 was made by Collier Christopher on Monday, June 13.
More news for Flex Ltd (NASDAQ:FLEX) were recently published by: Profitconfidential.com, which released: “Flextronics International Ltd.: FLEX Stock Charts Are a Must-See” on November 28, 2016. Seekingalpha.com‘s article titled: “Flextronics Earnings Update – October 2016” and published on November 28, 2016 is yet another important article.
FLEX Company Profile
Flex Ltd, formerly Flextronics International Ltd., incorporated on May 1, 1990, is a well-known provider of design, engineering, manufacturing, and supply chain services and solutions. The Firm designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). The Company’s divisions include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC). The HRS segment consists of its medical business, including consumer health, digital health, disposables, drug delivery, diagnostics, life sciences and imaging equipment; its automotive business, including vehicle electronics, connectivity, and clean technologies, and its defense and aerospace businesses, which are focused on commercial aviation, defense and military. The CTG segment includes its mobile devices business, including smart phones; its consumer electronics business, including connected living, wearable electronics including digital sport, game consoles, and connectivity devices, and its high-volume computing business, including various supply chain solutions for notebook personal computers (PCs), tablets, and printers. In addition, its CTG segment includes supply chain optimization for non-electronics products, such as shoes and clothing.
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