5 Stocks Under $20 to Buy Today According to Nishkama Capital

Page 5 of 5

1. Flex Ltd. (NASDAQ:FLEX)

Nishkama Capital’s Stake Value: $77 million

Percentage of Nishkama Capital’s 13F Portfolio: 19.05%

Number of Hedge Fund Investors: 43

Stock Price as of May 16, 2022: $16.11

Flex Ltd. (NASDAQ:FLEX) is a Singaporean firm that provides engineering, design, manufacturing and supply chain services to original equipment manufacturers (OEMs). It also offers charges for several gadgets and power management products for data centers.

Mr. Mehta’s hedge fund owned 4.2 million Flex Ltd. (NASDAQ:FLEX) shares during 2021’s final quarter, allowing it to hold a $77 million stake in the company. Insider Monkey scanned 924 Q4 2021 hedge fund holdings to discover that 43 had also invested in the company.

Flex Ltd. (NASDAQ:FLEX)’s fourth fiscal quarter results saw it post $6.9 million in revenue and $0.52 in non-GAAP EPS, beating analyst estimates for both. Craig-Hallum reduced the company’s price target to $25 from $31 in January 2022 outlining that supply chain tightness will continue until the second half of this year.

Flex Ltd. (NASDAQ:FLEX)’s largest investor is Andrew Wellington and Jeff Keswin’s Lyrical Asset Management which owns 13.5 million shares that are worth $248 million.

Disclosure: None. You can also take a look at 15 Most Valuable UK Companies in the World and 10 Best Solar Energy Stocks To Buy Now.

Page 5 of 5