Hsbc Holdings PLC Cuts Stake in Flex Ltd. $FLEX

Hsbc Holdings PLC cut its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 40.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,121 shares of the technology company’s stock after selling 36,015 shares during the quarter. Hsbc Holdings PLC’s holdings in Flex were worth $3,234,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FLEX. Vanguard Group Inc. increased its position in shares of Flex by 196.1% during the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after acquiring an additional 25,662,586 shares during the period. State Street Corp grew its stake in Flex by 17.8% during the 4th quarter. State Street Corp now owns 14,055,533 shares of the technology company’s stock worth $849,235,000 after purchasing an additional 2,126,440 shares in the last quarter. Geode Capital Management LLC grew its stake in Flex by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock worth $459,829,000 after purchasing an additional 181,266 shares in the last quarter. Norges Bank purchased a new stake in Flex during the 4th quarter worth about $319,756,000. Finally, Polar Capital Holdings Plc raised its position in Flex by 141.8% in the 4th quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock valued at $223,140,000 after purchasing an additional 2,165,780 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Transactions at Flex

In other Flex news, COO Kwang Hooi Tan sold 26,657 shares of Flex stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $144.48, for a total transaction of $3,851,403.36. Following the transaction, the chief operating officer owned 257,527 shares of the company’s stock, valued at $37,207,500.96. The trade was a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 22,627 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $144.48, for a total value of $3,269,148.96. Following the completion of the sale, the insider owned 253,199 shares of the company’s stock, valued at approximately $36,582,191.52. This represents a 8.20% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 769,195 shares of company stock worth $110,116,823. 0.62% of the stock is owned by corporate insiders.

Flex Stock Performance

NASDAQ FLEX opened at $146.70 on Monday. The company has a fifty day moving average of $131.19 and a two-hundred day moving average of $88.45. The company has a market capitalization of $53.75 billion, a PE ratio of 62.96, a P/E/G ratio of 0.77 and a beta of 1.63. Flex Ltd. has a 1 year low of $47.83 and a 1 year high of $166.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Stifel Nicolaus raised their price objective on shares of Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.70.

More Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO Revathi Advaithi said the planned spin-off of the cloud and power infrastructure segment could create “tremendous shareholder value,” which may support long-term upside if the separation unlocks a higher valuation for each business. Spin-off creates opportunity for ‘TREMENDOUS shareholder value’: Flex CEO
• Positive Sentiment: JetCool, a Flex company, launched a turnkey liquid-cooled server solution for enterprise AI customers, reinforcing Flex’s exposure to AI infrastructure demand and its cooling technology business. JetCool Launches Turnkey Liquid-Cooled Server Solution to Accelerate Enterprise AI Adoption
• Neutral Sentiment: Several articles highlighted Flex alongside broader technology and electronics manufacturing peers, but these were mostly comparison pieces rather than new company-specific developments. FLEX vs. PLXS: Which Electronics Manufacturing Stock is the Better Buy? Are Computer and Technology Stocks Lagging Flex (FLEX) This Year?
• Neutral Sentiment: Other mentions, including a Morningstar quote page, a local transit “Flex On Demand” story, and an Amazon Prime Day article listing FLEX power tools, do not appear to have a material direct impact on Flex Ltd.’s operating results or stock valuation. Flex Ltd FLEX
• Negative Sentiment: Short-interest data showed no meaningful borrowable shares and no clear signal, but the market may still be sensitive to valuation concerns after a strong run, especially with Flex trading at a high multiple relative to earnings.

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.