Flex Ltd. (NASDAQ:FLEX) is D. Scott Neal Inc.’s 6th Largest Position

D. Scott Neal Inc. decreased its position in shares of Flex Ltd. (NASDAQ:FLEX) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 275,500 shares of the technology company’s stock after selling 951 shares during the period. Flex makes up approximately 5.8% of D. Scott Neal Inc.’s holdings, making the stock its 6th biggest holding. D. Scott Neal Inc.’s holdings in Flex were worth $10,576,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of Flex by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 26,874,144 shares of the technology company’s stock valued at $898,389,000 after purchasing an additional 344,773 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Flex by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,978,522 shares of the technology company’s stock worth $235,289,000 after acquiring an additional 127,688 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Flex by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,095,907 shares of the technology company’s stock valued at $237,216,000 after acquiring an additional 31,214 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Flex by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,047,021 shares of the technology company’s stock worth $202,152,000 after purchasing an additional 296,505 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Flex by 619.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,465,814 shares of the technology company’s stock worth $149,350,000 after buying an additional 3,844,935 shares during the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Stock Up 4.3 %

Shares of FLEX opened at $41.92 on Thursday. Flex Ltd. has a 52-week low of $21.84 and a 52-week high of $44.45. 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 stock has a fifty day simple moving average of $39.09 and a two-hundred day simple moving average of $34.41. The company has a market capitalization of $16.26 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.44 and a beta of 1.10.

Analyst Upgrades and Downgrades

FLEX has been the topic of a number of recent research reports. KeyCorp started coverage on shares of Flex in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 price target on the stock. Barclays raised their target price on shares of Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group set a $39.00 price target on Flex in a research report on Thursday, October 17th. Stifel Nicolaus raised their price objective on Flex from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com raised shares of Flex from a “hold” rating to a “buy” rating in a research report on Thursday. Six investment 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 stock has an average rating of “Buy” and an average price target of $42.67.

Insider Activity at Flex

In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of Flex stock in a transaction on Monday, October 28th. The stock was sold at an average price of $35.39, for a total value of $284,110.92. Following the sale, the insider now owns 240,018 shares in the company, valued at $8,494,237.02. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles K. Stevens III sold 13,157 shares of the stock in a transaction 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 transaction, the director now owns 55,713 shares of the company’s stock, valued at approximately $2,155,535.97. This represents a 19.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.82% of the stock is currently owned by insiders.

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.