Aigen Investment Management LP Invests $305,000 in Flex Ltd. (NASDAQ:FLEX)

Aigen Investment Management LP bought a new position in Flex Ltd. (NASDAQ:FLEX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,109 shares of the technology company’s stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLEX. Raymond James Trust N.A. lifted its position in shares of Flex by 1.8% during the 2nd quarter. Raymond James Trust N.A. now owns 20,307 shares of the technology company’s stock worth $599,000 after purchasing an additional 360 shares during the last quarter. Stephens Inc. AR raised its stake in Flex by 2.6% during the 3rd quarter. Stephens Inc. AR now owns 14,106 shares of the technology company’s stock valued at $472,000 after purchasing an additional 361 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Flex by 5.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,299 shares of the technology company’s stock worth $251,000 after buying an additional 471 shares in the last quarter. Lowe Brockenbrough & Co. Inc. increased its position in shares of Flex by 6.9% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 11,225 shares of the technology company’s stock valued at $375,000 after purchasing an additional 725 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake 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 purchasing an additional 739 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on FLEX shares. The Goldman Sachs Group set a $39.00 price target on Flex in a research note on Thursday, October 17th. 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 objective on the stock. Stifel Nicolaus lifted their target price on shares of Flex from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded Flex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Barclays lifted their price objective on Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Flex has an average rating of “Buy” and an average target price of $40.83.

Flex Stock Performance

FLEX stock opened at $37.20 on Friday. The company has a 50 day moving average price of $34.12 and a 200 day moving average price of $31.87. Flex Ltd. has a fifty-two week low of $21.84 and a fifty-two week high of $40.30. 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 stock has a market capitalization of $14.43 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08.

Insider Activity

In other news, Director Charles K. Stevens III sold 13,157 shares of Flex stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the sale, the director now owns 55,713 shares in the company, valued at $2,155,535.97. The trade was a 19.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Scott Offer sold 10,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $31.99, for a total transaction of $319,900.00. Following the completion of the transaction, the executive vice president now owns 168,094 shares in the company, valued at $5,377,327.06. This represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,185 shares of company stock valued at $1,442,555. Company insiders own 0.82% of the company’s stock.

Flex Company 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.