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FLEX Flex

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.

Company profile

Ticker
FLEX
Exchange
Website
CEO
Revathi Advaithi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FLEXTRONICS INTERNATIONAL LTD, FLEXTRONICS INTERNATIONAL LTD.
SEC CIK

FLEX stock data

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Calendar

30 Jul 21
4 Aug 21
31 Mar 22
Quarter (USD)
Jul 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Flex earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 21 Capellas Michael D Ordinary Shares Grant Aquire A No No 0 2,432 0 255,522
15 Jul 21 John D Harris Ordinary Shares Grant Aquire A No No 0 1,567 0 11,464
15 Jul 21 Michael E. Hurlston Ordinary Shares Grant Aquire A No No 0 1,567 0 19,147
15 Jul 21 Li Jennifer Ordinary Shares Grant Aquire A No No 0 783 0 67,835
15 Jul 21 Tan Lay Koon Ordinary Shares Grant Aquire A No No 0 1,567 0 202,893

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 323 317 +1.9%
Opened positions 59 98 -39.8%
Closed positions 53 44 +20.5%
Increased positions 114 82 +39.0%
Reduced positions 98 88 +11.4%
13F shares
Current Prev Q Change
Total value 8.56B 8.98B -4.7%
Total shares 466.35M 487.61M -4.4%
Total puts 1.12M 2.26M -50.7%
Total calls 1.61M 6.04M -73.3%
Total put/call ratio 0.7 0.4 +85.1%
Largest owners
Shares Value Change
Primecap Management 60.36M $1.11B -7.2%
FMR 49.92M $913.98M -0.4%
Wellington Management 35.61M $652.05M -32.4%
JHG Janus Henderson 22.48M $411.58M +0.6%
Capital International Investors 21.63M $396.07M -6.5%
Lyrical Asset Management 16.38M $299.88M -1.1%
Victory Capital Management 16.08M $294.38M -17.9%
Alliancebernstein 15.26M $279.41M +16.5%
Iridian Asset Management 13.68M $250.41M -2.8%
Boston Partners 11.12M $203.68M +10.7%
Largest transactions
Shares Bought/sold Change
Wellington Management 35.61M -17.1M -32.4%
Millennium Management 8.2M +7.13M +661.6%
Norges Bank 0 -5.22M EXIT
Primecap Management 60.36M -4.66M -7.2%
Victory Capital Management 16.08M -3.51M -17.9%
Park West Asset Management 0 -2.93M EXIT
Jericho Capital Asset Management 0 -2.61M EXIT
Alliancebernstein 15.26M +2.16M +16.5%
Southpoint Capital Advisors 2.1M +2.1M NEW
Alyeska Investment 2.15M +1.9M +745.9%

Financial report summary

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Risks
  • The ongoing COVID-19 pandemic has materially and adversely affected our business and results of operations. The duration and extent to which it will continue to adversely impact our business and results of operations remains uncertain and could be material.
  • We may be adversely affected by supply chain issues, including shortages of required electronic components.
  • We are subject to risks relating to litigation and regulatory investigations and proceedings, which may have a material adverse effect on our business.
Management Discussion
  • Net sales during fiscal year 2021 totaled $24.1 billion, representing a decrease of $0.1 billion, or less than 1%, from $24.2 billion during fiscal year 2020. The decrease in net sales was most notable in our FAS segment, down $0.6 billion, or 4%, from the prior year, mainly due to a drop of 25% in our Consumer Devices business resulting from lower demand due to the impact of COVID-19 in the earlier part of fiscal year 2021, and our continued strategic shift away from high volatility, short cycle businesses that we initiated in fiscal year 2019. CEC grew 2% in fiscal year 2021 from the prior year driven by cloud and critical infrastructure spending. Lifestyle grew 5% in fiscal year 2021 from the prior year due to new customer ramps and continued market strength driven by work, learn and live-from-home trends. Largely offsetting the overall decline in revenue in our FAS segment was an increase in revenues from our FRS segment of $0.5 billion, or 5%, driven primarily by an increase of roughly 25% in sales from prior year of our Health Solutions business as a result of continued demand for critical care products, ventilator project ramps initiated earlier in fiscal year 2021, and continued growth in our chronic care business. Industrial revenue grew approximately 3% from the prior year with steady demand in core industrial. These increases in our FRS segment were offset by a drop of approximately 7% in our Automotive business due to the factory shutdowns in the first quarter of fiscal year 2021 despite the recovery noted in the subsequent quarters of fiscal year 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
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