In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Flex Ltd. (NASDAQ:FLEX) reported that Boston Partners has picked up 53,313,920 of common stock as of 2017-06-08.
The acquisition brings the aggregate amount owned by Boston Partners to a total of 53,313,920 representing 10.06% stake in the company.
For those not familiar with the company, 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). The HRS segment consists of its medical business, automotive business, and defense and aerospace businesses. The CTG segment includes its mobile devices business, consumer electronics business and high-volume computing business. The IEI segment consists of semiconductor and capital equipment, office solutions, household industrial and lifestyle, industrial automation and kiosks, energy and metering, and lighting. The CEC segment includes radio access base stations, remote radio heads, and small cells for wireless infrastructure.
A glance at Flex Ltd. (NASDAQ:FLEX)’s key stats reveals a current market capitalization of 9.12 Billion based on 529.91 Million shares outstanding and a price at last close of $17.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-10-03, Glenview picked up 5,000,000 at a purchase price of $10.17. This brings their total holding to 75,130,959 as of the date of the filing.
On the sell side, the most recent transaction saw Mcnamara unload 58,838 shares at a sale price of $16.81. This brings their total holding to 2,835,668.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Flex Ltd. (NASDAQ:FLEX) as things move forward to see if its progress aligns with these transactions.
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