Cookson Peirce & Co. Inc. Reduces Stock Holdings in Flex Ltd. $FLEX

Cookson Peirce & Co. Inc. trimmed its stake in Flex Ltd. (NASDAQ:FLEX) by 3.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,230,676 shares of the technology company’s stock after selling 39,737 shares during the quarter. Flex comprises 2.9% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 5th largest position. Cookson Peirce & Co. Inc.’s holdings in Flex were worth $71,342,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its holdings in shares of Flex by 17.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company’s stock valued at $138,749,000 after buying an additional 360,553 shares in the last quarter. Dynasty Wealth Management LLC lifted its position in Flex by 80.1% during the third quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company’s stock valued at $2,528,000 after acquiring an additional 19,388 shares during the last quarter. Sowell Financial Services LLC boosted its stake in Flex by 220.6% in the third quarter. Sowell Financial Services LLC now owns 24,891 shares of the technology company’s stock valued at $1,443,000 after acquiring an additional 17,128 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Flex in the third quarter worth $1,460,000. Finally, Winnow Wealth LLC purchased a new stake in shares of Flex during the 3rd quarter valued at $1,058,000. Institutional investors own 94.30% of the company’s stock.

Flex Trading Down 3.5%

Shares of NASDAQ:FLEX opened at $62.60 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $72.22. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.58 and a beta of 1.24. The business has a 50-day moving average price of $64.17 and a 200-day moving average price of $59.52.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the prior year, the company earned $0.77 EPS. Flex’s quarterly revenue was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FLEX. KeyCorp boosted their target price on Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $23.00 price objective on shares of Flex in a report on Wednesday, November 12th. The Goldman Sachs Group lifted their target price on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Argus set a $85.00 price target on shares of Flex in a research note on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.78.

Insider Buying and Selling at Flex

In related news, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the transaction, the chief financial officer owned 143,803 shares of the company’s stock, valued at $8,805,057.69. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael E. Hurlston sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $58.00, for a total transaction of $580,000.00. Following the transaction, the director directly owned 58,561 shares of the company’s stock, valued at approximately $3,396,538. This trade represents a 14.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,406 shares of company stock worth $4,262,489 over the last ninety days. 0.57% of the stock is owned by insiders.

Flex Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.