Atria Wealth Solutions Inc. Has $797,000 Holdings in Flex Ltd. (NASDAQ:FLEX)

Atria Wealth Solutions Inc. decreased its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,771 shares of the technology company’s stock after selling 1,086 shares during the period. Atria Wealth Solutions Inc.’s holdings in Flex were worth $797,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new stake in Flex during the 3rd quarter valued at approximately $29,000. Huntington National Bank lifted its position in shares of Flex by 87.9% in the 3rd quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock worth $34,000 after acquiring an additional 479 shares during the period. R Squared Ltd bought a new stake in shares of Flex in the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. lifted its position in shares of Flex by 23.6% in 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. Finally, UMB Bank n.a. bought a new stake in shares of Flex in the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Trading Down 1.2 %

FLEX stock opened at $38.58 on Wednesday. The business has a fifty day moving average price of $41.05 and a 200 day moving average price of $36.92. Flex Ltd. has a fifty-two week low of $25.27 and a fifty-two week high of $45.10. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 2.43 and a beta of 1.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.41 and a quick ratio of 0.83.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Flex had a return on equity of 17.93% and a net margin of 3.95%. Analysts expect that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael P. Hartung sold 64,807 shares of Flex stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $43.89, for a total value of $2,844,379.23. Following the completion of the sale, the insider now directly owns 233,526 shares of the company’s stock, valued at approximately $10,249,456.14. This trade represents a 21.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lay Koon Tan sold 50,000 shares of Flex stock in a transaction on Monday, February 10th. The shares were sold at an average price of $43.25, for a total value of $2,162,500.00. Following the completion of the sale, the director now directly owns 202,850 shares of the company’s stock, valued at $8,773,262.50. This trade represents a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stifel Nicolaus assumed coverage on Flex in a research report on Tuesday, February 11th. They issued a “buy” rating and a $52.00 price objective for the company. Barclays raised their price objective on Flex from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Craig Hallum raised their target price on Flex from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded Flex from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $44.33.

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.