Insider Selling: Flextronics International Ltd. (FLEX) Insider Sells 23,454 Shares of Stock

Flextronics International Ltd. (NASDAQ:FLEX) insider Francois Barbier sold 23,454 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $16.34, for a total value of $383,238.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Francois Barbier also recently made the following trade(s):

  • On Tuesday, June 13th, Francois Barbier sold 25,279 shares of Flextronics International stock. The stock was sold at an average price of $16.64, for a total value of $420,642.56.
  • On Wednesday, May 24th, Francois Barbier sold 43,750 shares of Flextronics International stock. The stock was sold at an average price of $16.76, for a total value of $733,250.00.

Shares of Flextronics International Ltd. (NASDAQ:FLEX) traded down 0.84% during trading on Friday, hitting $16.50. The stock had a trading volume of 2,438,123 shares. The firm has a market capitalization of $8.74 billion, a P/E ratio of 27.97 and a beta of 0.75. The stock’s 50-day moving average price is $16.48 and its 200 day moving average price is $15.86. Flextronics International Ltd. has a 1-year low of $11.51 and a 1-year high of $17.76.

Flextronics International (NASDAQ:FLEX) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.68 billion. Flextronics International had a return on equity of 21.19% and a net margin of 1.34%. Flextronics International’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. On average, analysts anticipate that Flextronics International Ltd. will post $1.21 earnings per share for the current year.

Insider Buying and Selling by Quarter for Flextronics International (NASDAQ:FLEX)

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Flextronics International Ltd. (FLEX) Insider Sells 23,454 Shares of Stock” was reported by WKRB News and is owned by of WKRB News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.wkrb13.com/markets/2229217/insider-selling-flextronics-international-ltd-flex-insider-sells-23454-shares-of-stock.html.

Several large investors have recently bought and sold shares of the company. World Asset Management Inc raised its stake in Flextronics International by 0.5% in the first quarter. World Asset Management Inc now owns 33,814 shares of the technology company’s stock valued at $568,000 after buying an additional 184 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Flextronics International by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 80,570 shares of the technology company’s stock valued at $1,354,000 after buying an additional 231 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Flextronics International by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 14,401 shares of the technology company’s stock valued at $226,000 after buying an additional 363 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Flextronics International by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,087 shares of the technology company’s stock worth $203,000 after buying an additional 516 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of Flextronics International by 4.2% in the first quarter. Fulton Bank N.A. now owns 13,165 shares of the technology company’s stock worth $221,000 after buying an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 91.47% of the company’s stock.

A number of analysts have issued reports on FLEX shares. Royal Bank of Canada raised their target price on Flextronics International from $17.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. Craig Hallum raised Flextronics International from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Zacks Investment Research downgraded Flextronics International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Bank of America Corporation reissued a “buy” rating and issued a $19.50 target price (up from $17.50) on shares of Flextronics International in a research report on Wednesday, May 17th. Finally, Citigroup Inc. set a $18.00 target price on Flextronics International and gave the stock a “buy” rating in a research report on Monday, March 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Flextronics International currently has an average rating of “Buy” and a consensus price target of $17.21.

About Flextronics International

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229217/insider-selling-flextronics-international-ltd-flex-insider-sells-23454-shares-of-stock.html

Receive News & Ratings for Flextronics International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flextronics International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.