As Intel (INTC) Market Value Rose, Shareholder Professional Advisory Services Has Raised Holding; Highbridge Capital Management Upped Its Flex LTD (Put) (FLEX) Stake by $324,700

April 17, 2018 - By Kurt Siggers

Flex Ltd. (NASDAQ:FLEX) Logo

Glenn Russell Dubin increased its stake in Flex Ltd (Put) (FLEX) by 138.41% based on its latest 2017Q4 regulatory filing with the SEC. Highbridge Capital Management Llc bought 19,100 shares as the company’s stock declined 7.29% with the market. The hedge fund run by Glenn Russell Dubin held 32,900 shares of the electrical products company at the end of 2017Q4, valued at $592,000, up from 13,800 at the end of the previous reported quarter. Highbridge Capital Management Llc who had been investing in Flex Ltd (Put) for a number of months, seems to be bullish on the $9.10B market cap company. The stock increased 1.29% or $0.22 during the last trading session, reaching $17.25. About 1.77M shares traded. Flex Ltd. (NASDAQ:FLEX) has risen 0.24% since April 17, 2017 and is uptrending. It has underperformed by 11.31% the S&P500.

Professional Advisory Services Inc increased its stake in Intel (INTC) by 4347.47% based on its latest 2017Q4 regulatory filing with the SEC. Professional Advisory Services Inc bought 252,153 shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 257,953 shares of the semiconductors company at the end of 2017Q4, valued at $11.91M, up from 5,800 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Intel for a number of months, seems to be bullish on the $250.63B market cap company. The stock increased 2.24% or $1.1732 during the last trading session, reaching $53.5732. About 12.14 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since April 17, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 48 analyst reports since July 28, 2015 according to SRatingsIntel. Needham maintained it with “Buy” rating and $19.0 target in Wednesday, August 30 report. RBC Capital Markets maintained Flex Ltd. (NASDAQ:FLEX) on Thursday, January 25 with “Buy” rating. RBC Capital Markets maintained Flex Ltd. (NASDAQ:FLEX) on Friday, January 15 with “Outperform” rating. Citigroup upgraded the shares of FLEX in report on Friday, December 11 to “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, February 21. On Friday, April 29 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by Argus Research with “Buy” on Wednesday, November 1. The firm has “Buy” rating by Needham given on Friday, January 27. On Friday, January 29 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The rating was maintained by Needham on Tuesday, October 20 with “Buy”.

Investors sentiment decreased to 0.81 in Q4 2017. Its down 0.11, from 0.92 in 2017Q3. It is negative, as 35 investors sold FLEX shares while 113 reduced holdings. 53 funds opened positions while 67 raised stakes. 501.93 million shares or 0.95% more from 497.19 million shares in 2017Q3 were reported. Nomura Hldgs Inc accumulated 474,808 shares or 0.02% of the stock. Northern Mngmt Ltd Llc reported 66,025 shares or 0.31% of all its holdings. Gam Holdings Ag accumulated 58,021 shares or 0.03% of the stock. Bnp Paribas Asset Mngmt Holdings Sa invested in 161,400 shares. Stratos Wealth Prtn Ltd holds 0% or 737 shares. United Svcs Automobile Association reported 0.05% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Hanson Doremus Invest Mgmt has 52,050 shares. Ogorek Anthony Joseph Ny Adv accumulated 100 shares. Deutsche Comml Bank Ag holds 0.01% or 558,067 shares in its portfolio. Pennsylvania-based Logan Cap Management Incorporated has invested 0.05% in Flex Ltd. (NASDAQ:FLEX). California State Teachers Retirement reported 4,783 shares. Amp Capital Ltd invested 0.02% in Flex Ltd. (NASDAQ:FLEX). Caisse De Depot Et Placement Du Quebec invested 0.02% in Flex Ltd. (NASDAQ:FLEX). Cohen Klingenstein Ltd Llc holds 0.13% or 52,695 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.09% invested in Flex Ltd. (NASDAQ:FLEX).

Since February 1, 2018, it had 0 buys, and 1 insider sale for $243,573 activity.

Highbridge Capital Management Llc, which manages about $32.39B and $5.61 billion US Long portfolio, decreased its stake in Teck Resources Ltd (Put) (NYSE:TCK) by 1.05M shares to 389,200 shares, valued at $10.21M in 2017Q4, according to the filing. It also reduced its holding in Catalent Inc (NYSE:CTLT) by 134,310 shares in the quarter, leaving it with 6,099 shares, and cut its stake in Lamb Weston Hldgs Inc (Put).

Since October 23, 2017, it had 0 buys, and 18 insider sales for $32.56 million activity. Shares for $267,663 were sold by Krzanich Brian M. 8,967 shares were sold by Shenoy Navin, worth $436,410 on Friday, February 23. RENDUCHINTALA VENKATA S M also sold $880,540 worth of Intel Corporation (NASDAQ:INTC) shares. On Friday, October 27 the insider Bryant Diane M sold $25,360. 30,000 Intel Corporation (NASDAQ:INTC) shares with value of $1.35M were sold by YOFFIE DAVID B. On Wednesday, February 21 the insider McBride Kevin Thomas sold $31,943.

Professional Advisory Services Inc, which manages about $474.18 million US Long portfolio, decreased its stake in Paypal Holdings Inc. by 32,314 shares to 195,473 shares, valued at $14.39M in 2017Q4, according to the filing. It also reduced its holding in Alphabet Inc. Class C by 687 shares in the quarter, leaving it with 18,361 shares, and cut its stake in Nike Inc. (NYSE:NKE).

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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