Wealth Enhancement Advisory Services LLC Has $1.88 Million Position in Flex Ltd. (NASDAQ:FLEX)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Flex Ltd. (NASDAQ:FLEX) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,895 shares of the technology company’s stock after acquiring an additional 1,945 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Flex were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in Flex during the third quarter worth about $29,000. Huntington National Bank increased its position in Flex by 87.9% during the 3rd quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock worth $34,000 after purchasing an additional 479 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in Flex in the 3rd quarter valued at approximately $39,000. Quarry LP bought a new stake in shares of Flex during the second quarter worth $43,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Flex by 23.6% during the third quarter. First Horizon Advisors Inc. now owns 1,596 shares of the technology company’s stock worth $53,000 after buying an additional 305 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Activity

In related news, insider Kwang Hooi Tan sold 8,028 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $35.39, for a total value of $284,110.92. Following the completion of the sale, the insider now directly owns 240,018 shares of the company’s stock, valued at $8,494,237.02. The trade was a 3.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles K. Stevens III sold 13,157 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total value of $509,044.33. Following the completion of the transaction, the director now owns 55,713 shares in the company, valued at approximately $2,155,535.97. The trade was 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

FLEX stock opened at $40.18 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.44 and a beta of 1.10. The company’s fifty day simple moving average is $39.03 and its 200 day simple moving average is $34.35. Flex Ltd. has a 12-month low of $21.84 and a 12-month high of $44.45.

Wall Street Analysts Forecast Growth

FLEX has been the topic of a number of research reports. KeyCorp started coverage on Flex in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 price objective on the stock. Craig Hallum boosted their price target on Flex from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays raised their price objective on shares of Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted 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. Finally, The Goldman Sachs Group set a $39.00 price target on shares of Flex in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $42.67.

Flex Company 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.