Intrinsic Edge Capital Management LLC Takes Position in Flex Ltd. $FLEX

Intrinsic Edge Capital Management LLC purchased a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 90,000 shares of the technology company’s stock, valued at approximately $5,891,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLEX. JSF Financial LLC boosted its stake in Flex by 0.6% during the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 115 shares during the last quarter. Glenview Trust Co boosted its position in Flex by 3.4% during the first quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock worth $247,000 after acquiring an additional 125 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in Flex by 2.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock valued at $522,000 after acquiring an additional 163 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Flex by 7.9% during the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the technology company’s stock worth $159,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FLEX shares. Stifel Nicolaus increased their price target on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a research note on Friday, July 17th. Robert W. Baird set a $165.00 target price on shares of Flex in a report on Thursday, May 7th. Finally, Barclays raised their price target on shares of Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.70.

Insiders Place Their Bets

In other news, COO Kwang Hooi Tan sold 26,657 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 257,527 shares of the company’s stock, valued at approximately $37,207,500.96. This represents a 9.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 stock in a transaction dated 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 transaction, the insider owned 253,199 shares in the company, valued at approximately $36,582,191.52. The trade was a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 769,195 shares of company stock worth $110,116,823. 0.62% of the stock is owned by corporate insiders.

Flex Stock Down 9.1%

Shares of NASDAQ:FLEX opened at $103.02 on Thursday. 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 fifty-two week low of $47.83 and a fifty-two week high of $166.86. The stock has a market cap of $37.74 billion, a price-to-earnings ratio of 44.21, a price-to-earnings-growth ratio of 0.59 and a beta of 1.64. The firm’s 50 day moving average price is $140.27 and its 200 day moving average price is $99.27.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. Flex had a net margin of 3.15% and a return on equity of 22.12%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the prior year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. As a group, equities research analysts predict that Flex Ltd. will post 4.18 earnings per share for the current fiscal year.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex reported fiscal Q1 2027 adjusted earnings of $1.00 per share, above the roughly $0.90-$0.93 analyst consensus, while revenue reached $7.93 billion versus expectations near $7.53 billion. Revenue increased 20.6% year over year, and adjusted operating margin reached 6.7%. Flex fiscal Q1 results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $33.7 billion-$35.2 billion, above the $33.3 billion consensus, and set second-quarter revenue guidance of $8.0 billion-$8.3 billion versus expectations of $7.8 billion. Q2 EPS guidance of $1.00-$1.07 also exceeds the $0.98 consensus. Flex earnings beat and guidance
• Positive Sentiment: Growth accelerated in Cloud and Power Infrastructure, supporting the planned separation of that business into an independently traded company, SpinCo, expected in the first calendar quarter of 2027. Flex SpinCo leadership announcement
• Neutral Sentiment: Flex announced leadership teams for both the remaining Flex business and SpinCo, providing additional detail on preparations for the planned separation but no immediate financial impact. Flex Q1 2027 earnings call transcript
• Negative Sentiment: The stock’s decline, on volume well above average, indicates that the strong results and outlook may already have been priced in. With shares trading at a relatively elevated earnings multiple, investors may be taking profits because the full-year EPS guidance range of $4.42-$4.74 only modestly exceeds or surrounds current consensus expectations.

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.