Measured Wealth Private Client Group LLC Sells 552 Shares of Flex Ltd. (NASDAQ:FLEX)

Measured Wealth Private Client Group LLC decreased its stake in Flex Ltd. (NASDAQ:FLEX) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 13,553 shares of the technology company’s stock after selling 552 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Flex were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Flex during the 3rd quarter worth approximately $29,000. Huntington National Bank boosted its stake in Flex by 87.9% during the third quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock worth $34,000 after buying an additional 479 shares in the last quarter. R Squared Ltd bought a new stake in Flex in the 4th quarter valued at $35,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Flex in the 3rd quarter valued at $39,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 305 shares during the period. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Shares of FLEX stock opened at $44.25 on Friday. The stock’s fifty day moving average is $40.07 and its 200-day moving average is $35.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43. Flex Ltd. has a 52 week low of $24.11 and a 52 week high of $45.10. The stock has a market capitalization of $17.16 billion, a PE ratio of 17.84, a PEG ratio of 2.43 and a beta of 1.10.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Flex had a net margin of 3.95% and a return on equity of 17.83%. Equities research analysts expect that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FLEX shares. Craig Hallum increased their price target on shares of Flex from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus increased their target price on Flex from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays boosted their price target on Flex from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. StockNews.com cut Flex from a “buy” rating to a “hold” rating in a report on Saturday, February 1st. Finally, KeyCorp initiated coverage on shares of Flex in a report on Tuesday, October 22nd. They issued an “overweight” rating and a $41.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $43.67.

About Flex

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.