Junto Capital Management LP Takes Position in Flex Ltd. $FLEX

Junto Capital Management LP acquired a new stake in Flex Ltd. (NASDAQ:FLEX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 970,683 shares of the technology company’s stock, valued at approximately $56,270,000. Junto Capital Management LP owned about 0.26% of Flex as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in shares of Flex during the fourth quarter valued at $260,000. Goldman Sachs Group Inc. raised its stake in Flex by 19.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after acquiring an additional 211,046 shares during the last quarter. Empowered Funds LLC acquired a new stake in Flex during the 1st quarter worth about $397,000. ProShare Advisors LLC grew its stake in Flex by 4.1% during the 2nd quarter. ProShare Advisors LLC now owns 16,985 shares of the technology company’s stock valued at $848,000 after purchasing an additional 664 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Flex by 2.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 104,432 shares of the technology company’s stock valued at $5,213,000 after purchasing an additional 2,392 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer owned 143,803 shares in the company, valued at $8,805,057.69. This represents a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Robert W. Baird assumed coverage on shares of Flex in a report on Thursday. They issued an “outperform” rating and a $70.00 price target on the stock. Raymond James Financial set a $80.00 price target on shares of Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Barclays upped their price objective on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group raised their target price on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.10.

Flex Price Performance

NASDAQ:FLEX opened at $63.44 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. The company has a 50 day moving average price of $63.72 and a 200-day moving average price of $61.58. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $72.22. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. 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 research analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

About Flex

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.