Flextronics International Ltd. (NASDAQ:FLEX)‘s stock had its “focus list” rating reiterated by research analysts at Citigroup Inc. in a research report issued on Tuesday, MarketBeat reports.

In related news, CFO Christopher Collier sold 15,000 shares of the company’s stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $11.07, for a total value of $166,050.00. Following the completion of the sale, the chief financial officer now owns 551,771 shares of the company’s stock, valued at $6,108,104.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael M. Mcnamara sold 500,000 shares of the company’s stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of $11.10, for a total transaction of $5,550,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,950,416 shares of the company’s stock, valued at approximately $32,749,617.60. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of FLEX. Simplex Trading boosted its stake in shares of Flextronics International by 100.0% in the fourth quarter. Simplex Trading now owns 26 shares of the company’s stock valued at $0 after buying an additional 13 shares during the period. Regentatlantic Capital LLC boosted its stake in shares of Flextronics International by 4.8% in the fourth quarter. Regentatlantic Capital LLC now owns 24,645 shares of the company’s stock valued at $276,000 after buying an additional 1,125 shares during the period. Fourth Swedish National Pension Fund boosted its stake in shares of Flextronics International by 2.9% in the fourth quarter. Fourth Swedish National Pension Fund now owns 162,034 shares of the company’s stock valued at $1,817,000 after buying an additional 4,643 shares during the period. PGGM Investments boosted its stake in shares of Flextronics International by 0.3% in the fourth quarter. PGGM Investments now owns 2,504,942 shares of the company’s stock valued at $28,080,000 after buying an additional 7,969 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Flextronics International by 1.3% in the fourth quarter. Neuberger Berman Group LLC now owns 815,469 shares of the company’s stock valued at $9,141,000 after buying an additional 10,539 shares during the period.

Several other research firms have also weighed in on FLEX. RBC Capital lowered their target price on shares of Flextronics International from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, January 15th. Zacks Investment Research lowered shares of Flextronics International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 22nd. B. Riley initiated coverage on shares of Flextronics International in a research note on Friday, October 9th. They set a “buy” rating and a $14.00 target price for the company. Cross Research upgraded shares of Flextronics International from a “hold” rating to a “buy” rating in a research note on Monday, December 7th. Finally, Needham & Company LLC boosted their target price on shares of Flextronics International from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.92.

Flextronics International (NASDAQ:FLEX) traded down 0.63% during trading on Tuesday, reaching $9.53. 5,507,814 shares of the company’s stock traded hands. The stock has a market capitalization of $5.30 billion and a P/E ratio of 10.46. Flextronics International has a 12 month low of $8.85 and a 12 month high of $12.86. The company has a 50-day moving average of $10.44 and a 200 day moving average of $10.85.

Flextronics International (NASDAQ:FLEX) last released its earnings results on Thursday, January 28th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.51 billion. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. On average, equities research analysts expect that Flextronics International will post $1.08 earnings per share for the current fiscal year.

Flextronics International Ltd. (NASDAQ:FLEX) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).

12 Month Chart for NASDAQ:FLEX

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