Gradient Investments LLC Takes $13.07 Million Position in Flex Ltd. $FLEX

Gradient Investments LLC purchased a new position in Flex Ltd. (NASDAQ:FLEX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 216,250 shares of the technology company’s stock, valued at approximately $13,066,000. Gradient Investments LLC owned approximately 0.06% of Flex as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of FLEX. Boston Partners raised its position in shares of Flex by 3.5% in the 2nd quarter. Boston Partners now owns 20,620,717 shares of the technology company’s stock valued at $1,029,769,000 after purchasing an additional 687,835 shares during the last quarter. Vanguard Group Inc. grew its position in Flex by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 13,083,744 shares of the technology company’s stock worth $758,465,000 after purchasing an additional 221,819 shares during the last quarter. State Street Corp increased its position in shares of Flex by 38.0% in the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after acquiring an additional 3,377,669 shares during the period. Invesco Ltd. increased its holdings in shares of Flex by 6.1% in the second quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company’s stock valued at $442,870,000 after purchasing an additional 508,495 shares during the period. Finally, Norges Bank purchased a new position in Flex during the 2nd quarter worth approximately $291,362,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Trading Up 5.5%

NASDAQ FLEX opened at $65.04 on Tuesday. 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 stock has a market capitalization of $23.91 billion, a P/E ratio of 29.17, a PEG ratio of 1.51 and a beta of 1.24. The firm’s 50-day moving average is $64.05 and its two-hundred day moving average is $62.01. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $6.84 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The firm’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 anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

FLEX has been the topic of several analyst reports. Robert W. Baird assumed coverage on Flex in a research report on Thursday, March 12th. They set an “outperform” rating and a $70.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. 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. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, The Goldman Sachs Group raised their price objective on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Flex has an average rating of “Moderate Buy” and a consensus target price of $67.10.

Insider Buying and Selling

In other Flex news, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction 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 trade represents a 6.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.

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.