Geode Capital Management LLC raised its position in Flextronics International Ltd. (NASDAQ:FLEX) by 20.9% during the first quarter, Holdings Channel reports. The institutional investor owned 315,771 shares of the technology company’s stock after buying an additional 54,486 shares during the period. Geode Capital Management LLC’s holdings in Flextronics International were worth $5,278,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. raised its position in Flextronics International by 16.9% in the first quarter. Advisors Asset Management Inc. now owns 57,288 shares of the technology company’s stock worth $962,000 after buying an additional 8,282 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Flextronics International by 8.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 24,413 shares of the technology company’s stock valued at $410,000 after buying an additional 2,001 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of 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. Canada Pension Plan Investment Board raised its position in shares of Flextronics International by 29,761.6% in the first quarter. Canada Pension Plan Investment Board now owns 21,799 shares of the technology company’s stock valued at $366,000 after buying an additional 21,726 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Flextronics International by 12.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 179,612 shares of the technology company’s stock valued at $3,017,000 after buying an additional 20,000 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Flextronics International Ltd. (NASDAQ:FLEX) traded down 0.38% during trading on Friday, reaching $15.69. The company’s stock had a trading volume of 2,785,125 shares. The firm has a 50 day moving average price of $16.46 and a 200-day moving average price of $16.38. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 24.94 and a beta of 0.79. Flextronics International Ltd. has a 52-week low of $12.41 and a 52-week high of $17.76.

Flextronics International (NASDAQ:FLEX) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Flextronics International had a return on equity of 20.46% and a net margin of 1.41%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. Flextronics International’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that Flextronics International Ltd. will post $1.09 earnings per share for the current year.

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Several equities analysts have recently issued reports on FLEX shares. Zacks Investment Research lowered Flextronics International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $16.00 price target (up previously from $15.00) on shares of Flextronics International in a research note on Saturday, April 29th. ValuEngine raised Flextronics International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub lowered Flextronics International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Craig Hallum raised Flextronics International from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Flextronics International currently has an average rating of “Buy” and a consensus target price of $17.75.

In related news, insider Francois Barbier sold 43,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $16.76, for a total value of $733,250.00. Following the transaction, the insider now owns 344,240 shares in the company, valued at $5,769,462.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Christopher Collier sold 15,739 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $15.93, for a total value of $250,722.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,133,609 shares of company stock worth $18,584,817. 0.83% of the stock is owned by company insiders.

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).

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Institutional Ownership by Quarter for Flextronics International (NASDAQ:FLEX)

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