State Board of Administration of Florida Retirement System lowered its position in Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,709 shares of the company’s stock after selling 488 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Multi-Fineline Electronix were worth $248,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Multi-Fineline Electronix by 150.7% in the second quarter. SG Americas Securities LLC now owns 52,889 shares of the company’s stock worth $1,227,000 after buying an additional 31,789 shares during the last quarter. Societe Generale acquired a new position in shares of Multi-Fineline Electronix during the second quarter worth about $1,227,000. California State Teachers Retirement System raised its position in shares of Multi-Fineline Electronix by 2.1% in the second quarter. California State Teachers Retirement System now owns 19,698 shares of the company’s stock worth $457,000 after buying an additional 406 shares during the last quarter. Barclays PLC raised its position in shares of Multi-Fineline Electronix by 71,815.1% in the first quarter. Barclays PLC now owns 38,115 shares of the company’s stock worth $877,000 after buying an additional 38,062 shares during the last quarter. Finally, Springbok Capital Management LLC raised its position in shares of Multi-Fineline Electronix by 53.1% in the first quarter. Springbok Capital Management LLC now owns 19,700 shares of the company’s stock worth $457,000 after buying an additional 6,831 shares during the last quarter.
Shares of Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) remained flat at $23.09 on Monday. Multi-Fineline Electronix, Inc. has a 12 month low of $12.59 and a 12 month high of $25.62. The firm’s 50-day moving average is $23.25 and its 200-day moving average is $21.81.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Multi-Fineline Electronix from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. B. Riley restated a “neutral” rating and set a $23.00 target price on shares of Multi-Fineline Electronix in a research report on Tuesday, August 2nd. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $22.33.
About Multi-Fineline Electronix
Multi-Fineline Electronix, Inc is engaged in the engineering, design and manufacture of flexible circuit boards along with related component assemblies. The Company provides flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers.
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