On May 9, 2023 at 10:16:25 ET an unusually large $89.97K block of Call contracts in Flextronics International (FLEX) was bought, with a strike price of $22.00 / share, expiring in 10 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.37 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in FLEX options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 731 funds or institutions reporting positions in Flextronics International. This is an increase of 57 owner(s) or 8.46% in the last quarter. Average portfolio weight of all funds dedicated to FLEX is 0.56%, a decrease of 2.56%. Total shares owned by institutions increased in the last three months by 0.74% to 579,671K shares. 
The put/call ratio of FLEX is 0.32, indicating a bullish outlook.
Analyst Price Forecast Suggests 30.58% Upside
As of April 24, 2023, the average one-year price target for Flextronics International is 27.20. The forecasts range from a low of 20.20 to a high of $32.55. The average price target represents an increase of 30.58% from its latest reported closing price of 20.83.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Flextronics International is 31,214MM, an increase of 5.03%. The projected annual non-GAAP EPS is 2.47.
What are Other Shareholders Doing?
Primecap Management holds 51,875K shares representing 11.50% ownership of the company. In it's prior filing, the firm reported owning 53,916K shares, representing a decrease of 3.93%. The firm increased its portfolio allocation in FLEX by 17.26% over the last quarter.
Wellington Management Group Llp holds 31,484K shares representing 6.98% ownership of the company. In it's prior filing, the firm reported owning 27,599K shares, representing an increase of 12.34%. The firm increased its portfolio allocation in FLEX by 38.34% over the last quarter.
Janus Henderson Group holds 26,870K shares representing 5.96% ownership of the company. In it's prior filing, the firm reported owning 27,359K shares, representing a decrease of 1.82%. The firm increased its portfolio allocation in FLEX by 20.62% over the last quarter.
JAENX - Janus Henderson Enterprise Fund Class T holds 18,019K shares representing 3.99% ownership of the company. No change in the last quarter.
Alliancebernstein holds 17,800K shares representing 3.95% ownership of the company. In it's prior filing, the firm reported owning 21,193K shares, representing a decrease of 19.06%. The firm increased its portfolio allocation in FLEX by 0.57% over the last quarter.
Flex Background Information
(This description is provided by the company.)
Flex is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.
See all Flextronics International regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
