November 30, 2016 - By Peter Erickson · 0 Comments
Flextronics International LTD (NASDAQ:FLEX) institutional sentiment decreased to 0.77 in 2016 Q2. Its down -0.49, from 1.26 in 2016Q1. The ratio worsened, as 161 institutional investors opened new or increased holdings, while 128 trimmed and sold stakes in Flextronics International LTD. The institutional investors in our partner’s database now have: 436.77 million shares, up from 427.45 million shares in 2016Q1. Also, the number of institutional investors holding Flextronics International LTD in their top 10 holdings decreased from 14 to 13 for a decrease of 1. Sold All: 28 Reduced: 100 Increased: 109 New Position: 52.
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The company has a market cap of $7.81 billion. The Firm designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers . It has a 25.79 P/E ratio. The Company’s divisions include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).
The stock increased 0.62% or $0.09 during the last trading session, hitting $14.54. Flex Ltd (NASDAQ:FLEX) has risen 17.07% since April 27, 2016 and is uptrending. It has outperformed by 11.84% the S&P500.
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 $161.14M for 12.12 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.
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.”
Simcoe Capital Management Llc holds 10.55% of its portfolio in Flex Ltd for 1.58 million shares. Strategic Global Advisors Llc owns 1.43 million shares or 6.39% of their US portfolio. Moreover, Ao Asset Management Llc has 4.99% invested in the company for 1.62 million shares. The New York-based Glenview Capital Management Llc has invested 4% in the stock. Globeflex Capital L P, a California-based fund reported 1.14 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 18 insider sales for $14.16 million net activity.
Ratings analysis reveals 79% of Flextronics International Ltd.’s analysts are positive. Out of 14 Wall Street analysts rating Flextronics International Ltd., 11 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $10 while the high is $16. The stock’s average target of $13.52 is -7.02% below today’s ($14.54) share price. FLEX was included in 26 notes of analysts from July 28, 2015. Needham maintained it with “Buy” rating and $14 target price in Tuesday, October 20 report. The rating was initiated by JP Morgan with “Overweight” on Tuesday, April 26. Goldman Sachs upgraded the shares of FLEX in a report on Tuesday, September 20 to “Buy” rating. The company was downgraded on Wednesday, September 2 by Zacks. The rating was maintained by RBC Capital Markets on Thursday, August 27 with “Outperform”. The company was upgraded on Tuesday, August 11 by Zacks. The firm earned “Sell” rating on Friday, August 21 by Zacks. The stock of Flex Ltd (NASDAQ:FLEX) has “Buy” rating given on Wednesday, September 9 by UBS. The firm has “Outperform” rating given on Monday, October 5 by RBC Capital Markets. Standpoint Research downgraded the shares of FLEX in a report on Tuesday, May 24 to “Hold” rating.
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.
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. Streetinsider.com‘s article titled: “Form 4 FLEX LTD. For: Nov 28 Filed by: Bennett David P” and published on November 29, 2016 is yet another important article.
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By Peter Erickson