3,900 Shares in Flex Ltd. $FLEX Acquired by OneAscent Family Office LLC

OneAscent Family Office LLC purchased a new position in shares of Flex Ltd. (NASDAQ:FLEX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,900 shares of the technology company’s stock, valued at approximately $236,000.

A number of other large investors have also added to or reduced their stakes in FLEX. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Flex in the 4th quarter valued at $5,250,000. WINTON GROUP Ltd acquired a new stake in shares of Flex in the 4th quarter valued at $2,131,000. Parallel Advisors LLC boosted its holdings in shares of Flex by 19.6% in the 4th quarter. Parallel Advisors LLC now owns 4,293 shares of the technology company’s stock valued at $259,000 after purchasing an additional 705 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Flex by 24.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 28,396 shares of the technology company’s stock valued at $1,715,000 after purchasing an additional 5,489 shares in the last quarter. Finally, Prudential PLC boosted its holdings in shares of Flex by 97.0% in the 4th quarter. Prudential PLC now owns 24,001 shares of the technology company’s stock valued at $1,450,000 after purchasing an additional 11,816 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 brokerages have weighed in on FLEX. Stifel Nicolaus raised their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. Robert W. Baird set a $165.00 target price on Flex in a report on Thursday, May 7th. Barclays raised their target price on Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group raised their target price on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, KeyCorp raised their target price on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Flex currently has an average rating of “Moderate Buy” and an average price target of $115.70.

Flex Trading Down 4.8%

NASDAQ FLEX opened at $151.92 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. Flex Ltd. has a twelve month low of $42.60 and a twelve month high of $166.86. The company has a market cap of $55.66 billion, a price-to-earnings ratio of 65.20, a price-to-earnings-growth ratio of 0.84 and a beta of 1.64. The business’s fifty day moving average is $107.57 and its 200 day moving average is $78.73.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The company had revenue of $7.48 billion for the quarter. As a group, sell-side analysts expect that Flex Ltd. will post 4.15 EPS for the current fiscal year.

Insider Activity at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $135.93, for a total transaction of $2,378,775.00. Following the sale, the chief operating officer owned 238,543 shares of the company’s stock, valued at $32,425,149.99. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Revathi Advaithi sold 83,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $132.87, for a total value of $11,094,645.00. Following the sale, the chief executive officer directly owned 605,522 shares in the company, valued at approximately $80,455,708.14. This trade represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 362,512 shares of company stock worth $49,538,328 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is highlighted as a potential winner in a strengthening electronics sector, with analysts pointing to infrastructure investment and capacity expansion as tailwinds for the business. Article Title
• Positive Sentiment: Investors are reacting to Flex’s growth strategy, including the planned separation of its Power and Cloud portfolio and an acquisition in electrical power, which could expand its exposure to AI data centers, grid modernization, and electrification. Article Title
• Neutral Sentiment: A Zacks follow-up notes that FLEX has risen since its last earnings report, but questions remain about whether the momentum can continue, making this more of a status update than a clear catalyst. Article Title
• Negative Sentiment: EVP David Scott Offer sold 33,000 shares in a pre-arranged 10b5-1 transaction, trimming his stake by about 31%; while routine, insider selling can still weigh on sentiment. Article Title

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.