Flex Ltd. $FLEX Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,083,744 shares of the technology company’s stock after purchasing an additional 221,819 shares during the quarter. Vanguard Group Inc.’s holdings in Flex were worth $758,465,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. MTM Investment Management LLC purchased a new stake in shares of Flex during the 2nd quarter valued at about $26,000. CENTRAL TRUST Co raised its stake in shares of Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after purchasing an additional 355 shares during the period. CNB Bank acquired a new position in shares of Flex during the second quarter worth $30,000. Nisa Investment Advisors LLC lifted its position in shares of Flex by 404.3% during the second quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $35,000 after purchasing an additional 566 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Flex by 45.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the technology company’s stock valued at $57,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price objective on shares of Flex in a report on Wednesday, November 12th. Argus set a $85.00 target price on Flex in a research report on Friday, October 31st. KeyCorp increased their price target on Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Finally, Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.78.

Insiders Place Their Bets

In other news, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the transaction, the chief accounting officer directly owned 27,619 shares in the company, valued at approximately $1,987,739.43. This trade represents a 26.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Hurlston sold 10,000 shares of Flex stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $58.00, for a total transaction of $580,000.00. Following the completion of the transaction, the director directly owned 58,561 shares of the company’s stock, valued at $3,396,538. This trade represents a 14.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,406 shares of company stock valued at $2,610,389 over the last 90 days. 0.57% of the stock is owned by company insiders.

Flex Stock Up 0.9%

Shares of Flex stock opened at $65.68 on Monday. The business has a 50-day moving average price of $63.75 and a 200 day moving average price of $60.26. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The firm has a market cap of $24.15 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.60 and a beta of 1.24. 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 (NASDAQ:FLEX) last released its earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter last year, the business posted $0.77 EPS. Flex’s quarterly revenue was up 7.7% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, sell-side analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Flex Company 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.