Flextronics International Ltd. (NASDAQ:FLEX) was the recipient of some unusual options trading on Monday. Stock investors bought 9,828 call options on the company. This is an increase of 392% compared to the average volume of 1,997 call options.

Several analysts have recently issued reports on FLEX shares. ValuEngine raised Flextronics International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered Flextronics International from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Craig Hallum raised Flextronics International from a “hold” rating to a “buy” rating in a report on Friday, May 12th. BidaskClub lowered Flextronics International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $19.00 target price on shares of Flextronics International in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.55.

Shares of Flextronics International (NASDAQ:FLEX) opened at 16.24 on Thursday. The company’s 50 day moving average price is $16.17 and its 200 day moving average price is $16.41. Flextronics International has a 12 month low of $12.41 and a 12 month high of $17.76. The company has a market capitalization of $8.65 billion, a P/E ratio of 25.82 and a beta of 0.79.

Flextronics International (NASDAQ:FLEX) last posted its earnings results on Thursday, July 27th. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Analysts expect that Flextronics International will post $1.09 EPS for the current fiscal year.

Flextronics International declared that its board has approved a stock buyback program on Friday, August 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to purchase up to 65% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, CAO David P. Bennett sold 5,656 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $16.61, for a total transaction of $93,946.16. Following the sale, the chief accounting officer now directly owns 62,974 shares of the company’s stock, valued at approximately $1,045,998.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David P. Bennett sold 6,250 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.02, for a total value of $106,375.00. Following the sale, the insider now directly owns 54,299 shares in the company, valued at $924,168.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 972,124 shares of company stock worth $15,872,864. Insiders own 0.83% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FLEX. Sumitomo Mitsui Asset Management Company LTD grew its position in Flextronics International by 7.7% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 42,759 shares of the technology company’s stock worth $718,000 after buying an additional 3,049 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Flextronics International by 29,761.6% during the first quarter. Canada Pension Plan Investment Board now owns 21,799 shares of the technology company’s stock worth $366,000 after buying an additional 21,726 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Flextronics International by 0.3% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 80,570 shares of the technology company’s stock worth $1,354,000 after buying an additional 231 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Flextronics International by 8.9% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 24,413 shares of the technology company’s stock worth $410,000 after buying an additional 2,001 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Flextronics International by 16.9% during 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. Institutional investors and hedge funds own 94.98% of the company’s stock.

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Flextronics International Company Profile

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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