Nissay Asset Management Corp Japan ADV increased its holdings in Flex Ltd (NASDAQ:FLEX) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,900 shares of the technology company’s stock after purchasing an additional 992 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Flex were worth $589,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of FLEX. Vanguard Group Inc. boosted its holdings in shares of Flex by 5.2% during the third quarter. Vanguard Group Inc. now owns 3,207,000 shares of the technology company’s stock worth $42,076,000 after purchasing an additional 159,468 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Flex by 5.2% during the third quarter. Vanguard Group Inc now owns 3,207,000 shares of the technology company’s stock worth $42,076,000 after purchasing an additional 159,468 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Flex during the fourth quarter worth $98,000. Bank of Montreal Can boosted its holdings in shares of Flex by 60.9% during the fourth quarter. Bank of Montreal Can now owns 20,423 shares of the technology company’s stock worth $156,000 after purchasing an additional 7,727 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Flex by 70.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,562,711 shares of the technology company’s stock worth $11,892,000 after purchasing an additional 645,452 shares during the last quarter. Hedge funds and other institutional investors own 94.65% of the company’s stock.
Several equities research analysts have recently issued reports on FLEX shares. ValuEngine upgraded Flex from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub upgraded Flex from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research upgraded Flex from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.33.
Flex (NASDAQ:FLEX) last issued its earnings results on Tuesday, April 30th. The technology company reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. Flex had a return on equity of 2.99% and a net margin of 0.36%. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.41 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Flex Ltd will post 0.98 EPS for the current year.
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Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.
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