Cozad Asset Management Inc. Has $11.61 Million Stock Position in Flex Ltd. (NASDAQ:FLEX)

Cozad Asset Management Inc. raised its position in Flex Ltd. (NASDAQ:FLEX) by 14.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,178 shares of the technology company’s stock after buying an additional 43,099 shares during the period. Flex accounts for about 1.1% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Cozad Asset Management Inc.’s holdings in Flex were worth $11,606,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FLEX. Raymond James Trust N.A. raised its position in Flex by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 20,307 shares of the technology company’s stock valued at $599,000 after purchasing an additional 360 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Flex by 2.6% during the third quarter. Stephens Inc. AR now owns 14,106 shares of the technology company’s stock worth $472,000 after purchasing an additional 361 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Flex by 5.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,299 shares of the technology company’s stock valued at $251,000 after purchasing an additional 471 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its stake in Flex by 6.9% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 11,225 shares of the technology company’s stock valued at $375,000 after buying an additional 725 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in Flex by 10.2% during the second quarter. Atomi Financial Group Inc. now owns 7,984 shares of the technology company’s stock worth $235,000 after buying an additional 739 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Stock Up 7.1 %

Flex stock opened at $38.98 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 0.85. The company’s 50-day moving average is $33.09 and its 200-day moving average is $31.40. The firm has a market capitalization of $15.12 billion, a PE ratio of 17.25, a P/E/G ratio of 2.08 and a beta of 1.08. Flex Ltd. has a fifty-two week low of $21.84 and a fifty-two week high of $39.17.

Insiders Place Their Bets

In related news, EVP David Scott Offer sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $31.99, for a total value of $319,900.00. Following the sale, the executive vice president now owns 168,094 shares in the company, valued at approximately $5,377,327.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP David Scott Offer sold 10,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $31.99, for a total transaction of $319,900.00. Following the transaction, the executive vice president now owns 168,094 shares in the company, valued at approximately $5,377,327.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kwang Hooi Tan sold 8,028 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction 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 approximately $8,494,237.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,028 shares of company stock valued at $933,511 over the last 90 days. 0.82% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on FLEX shares. Stifel Nicolaus boosted their price objective on shares of Flex from $32.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group set a $39.00 price target on shares of Flex in a report on Thursday, October 17th. Barclays raised their price objective on Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. KeyCorp started coverage on shares of Flex in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $41.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price objective on Flex from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a buy rating and one has issued 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 price target of $40.83.

Flex 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.