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Flex Buyback

OLI recorded this information on 8/29/2016

Company: Flex
Buyback: FLEX buyback
Share Amount Authorized: 20% of its outstanding shares
Buyback Details: On August 24, 2016, Flex (NASDAQ: FLEX) received shareholder approval to purchase up to 20% of its outstanding shares. Additionally, the Company's Board of Directors authorized management to purchase the Company's shares in an aggregate amount of up to $500 million. Since the beginning of fiscal 2012, the Company has repurchased approximately 279 million shares for approximately $2.3 billion.

Flex is a provider of design and manufacturing services and components for electronics. Co.'s segments are: High Reliability Solutions, which is comprised of Co.'s health solutions business, including surgical equipment; Industrial and Emerging Industries, which is comprised of energy including metering infrastructure, energy storage, smart lighting, and smart solar energy; Communications and Enterprise Compute, which includes telecom business of radio access base stations, and remote radio heads; and Consumer Technologies Group, which includes consumer-related businesses in internet of things enabled devices, audio and consumer power electronics.
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Company Name: 
Flex Ltd
Stock buyback: 
FLEX buyback
Website: 
www.flex.com
Sector: 
Electronic Equipment & Products
Number of ETFs Holding FLEX: 
16
Total Market Value Held by ETFs: 
$72.63M
Total Market Capitalization: 
$7.99B
% of Market Cap. Held by ETFs: 
0.91%
 

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Strong Buy (3.60 out of 4)
54th percentile
(ranked higher than approx. 54% of all stocks covered)

Analysts' Target Price:
FLEX Stock Forecast

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