Flextronics International Ltd. (FLEX): Michael M Mcnamara , Chief Executive Officer of Flextronics International Ltd. sold 217,125 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $12.62 per share for a total value of $2,739,140.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Michael M Mcnamara (Chief Executive Officer) sold 329,625 shares at $12.46 per share price.On May 25, 2016, Francois Barbier (President, Global Operations) sold 213,845 shares at $12.40 per share price.Also, On May 25, 2016, Christopher Collier (Chief Financial Officer) sold 119,250 shares at $12.42 per share price.On May 25, 2016, Jonathan S Hoak (EVP and General Counsel) sold 74,932 shares at $12.46 per share price.
Flextronics International Ltd.: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Flextronics International Ltd. which led to swings in the share price. The shares opened for trading at $12.41 and hit $12.75 on the upside , eventually ending the session at $12.69, with a gain of 1.93% or 0.24 points. The heightened volatility saw the trading volume jump to 49,38,328 shares. The 52-week high of the share price is $12.75 and the company has a market cap of $6,888 M . The 52-week low of the share price is at $8.845.
Company has been under the radar of several Street Analysts.Flextronics International Ltd. is Downgraded by Standpoint Research to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 24, 2016.Flextronics International Ltd. is Resumed by BofA/Merrill to Buy. The Rating was issued on May 12, 2016.Flextronics International Ltd. is Initiated by JP Morgan to Overweight and the brokerage firm has set the Price Target at $15. The Rating was issued on Apr 26, 2016.Flextronics International Ltd. is Reiterated by Raymond James to Strong Buy and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $12.50 .The Rating was issued on Apr 11, 2016.
Flextronics International Ltd. (Flextronics) 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).