Sentiment Change Report: Flextronics International LTD (NASDAQ:FLEX) at 0.81

May 3, 2018 - By Alice Reed

Flex Ltd. (NASDAQ:FLEX) Corporate Logo

Flextronics International LTD’s Sentiment

“Big money sentiment for Flextronics International LTD (NASDAQ:FLEX) in Q4 2017 decreased to 0.81, according to Securities and Exchange Commission filings. That’s down -0.11, from 2017Q3’s 0.92. 120 funds opened new or increased stock positions, while 148 reduced and sold equity positions in Flextronics International LTD so the sentiment turned negative. These funds own 501.93 million shares, that’s up from 497.19 million shares in 2017Q3. Funds holding Flextronics International LTD in top 10 changed to 6 from 7 for a decrease of 1. In total 35 funds closed positions, 113 reduced and 67 increased. Also 53 funds bought new Flextronics International LTD stakes.

Significant Flextronics International LTD Shareholders

Simcoe Capital Management Llc owns 1.50 million shares in Flextronics International LTD as of Q4 2017. Flextronics International LTD’s shareholder Massmutual Trust Co Fsb Adv owns 922,847 shares as of Q4 2017. Furthermore, Lesa Sroufe & Co reported 328,195 shares in Flextronics International LTD equivalent to 4.88% of its fund portfolio. The New York-based fund Steinberg Asset Management Llc have invested about 4.44% of the investment professional’s stock portfolio in Flextronics International LTD. The New York-based fund Glenview Capital Management Llc holds 39.43 million shares or 3.83% of their fund portfolio.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide.The company has $7.23 billion market cap. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables clients to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.13.59 is the P/E ratio. The firm also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services.

FLEX is hitting $13.7 during the last trading session, after increased 0.07%.Flex Ltd. is uptrending after having risen 0.24% since May 3, 2017. FLEX has 8.15M volume or 58.30% up from normal. FLEX underperformed by 11.31% the S&P 500.

Evercore Wealth Management Limited reported 0% stake. Steinberg Asset Management Lc stated it has 4.44% in Flex Ltd. (NASDAQ:FLEX). Fulton Natl Bank Na holds 14,846 shs. Tiaa Cref Investment Mngmt Ltd Liability Company owns 2.73M shs. Cibc Financial Bank Usa owns 11,551 shs. 35,489 are held by Staley Cap Advisers. Pacad Inv Limited has 30,257 shs for 0.12% of their capital. Moreover, Parametrica Limited has 0.26% invested in Flex Ltd. (NASDAQ:FLEX) for 23,206 shs. Jpmorgan Chase & reported 0.02% in Flex Ltd. (NASDAQ:FLEX). Raymond James Tru Na stated it has 12,172 shs. South Street Advsr Ltd Liability Company invested 1.3% in Flex Ltd. (NASDAQ:FLEX). Massmutual Trust Fsb Adv invested in 922,847 shs or 5.38% of the stock. Tower Rech Limited Liability Corp (Trc) has 545 shs. Cwm Ltd Company owns 261 shs for 0% of their capital. Stratos Wealth Partners accumulated 737 shs.

Flex Ltd. had 2 insider sales and 0 insider purchases since February 1, 2018. This’s net activity of $248,140. $243,573 worth of stock was sold by SHIH WILLY C on Thursday, February 1.

Flex Ltd. (NASDAQ:FLEX) Ratings Coverage

A total of 5 analysts rate Flextronics (NASDAQ:FLEX) as follows: 4 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 80% are bullish. (NASDAQ:FLEX) has 8 ratings reports on 3 May 2018 according to StockzIntelligence. On Wednesday, January 3 RBC Capital Markets maintained the shares of FLEX in report with “Buy” rating. The stock rating was maintained by Stifel Nicolaus with “Buy” on Friday, April 27. On Thursday, January 25 the firm has “Buy” rating given by RBC Capital Markets. On Friday, April 27 the firm has “Hold” rating given by Raymond James. On Monday, April 30 Citigroup maintained Flex Ltd. (NASDAQ:FLEX) with “Buy” rating. On Tuesday, December 19 the stock of Flex Ltd. (NASDAQ:FLEX) earned “Buy” rating by UBS. The stock rating was maintained by Stifel Nicolaus with “Buy” on Thursday, January 25.

Flex Ltd. (NASDAQ:FLEX) Analyst Ratings Chart

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