Janus Henderson Group PLC Decreases Holdings in Flex Ltd. $FLEX

Janus Henderson Group PLC decreased its position in Flex Ltd. (NASDAQ:FLEX) by 7.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,619,740 shares of the technology company’s stock after selling 1,711,705 shares during the quarter. Flex comprises 0.6% of Janus Henderson Group PLC’s holdings, making the stock its 23rd largest position. Janus Henderson Group PLC owned 0.06% of Flex worth $1,349,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Flex in the 4th quarter valued at $260,000. Goldman Sachs Group Inc. raised its position 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 purchasing an additional 211,046 shares during the period. Empowered Funds LLC bought a new stake in Flex in the first quarter worth $397,000. EverSource Wealth Advisors LLC lifted its stake in Flex by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,031 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Flex by 92.4% during the second quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock valued at $3,099,000 after buying an additional 29,821 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex News Summary

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.

Insiders Place Their Bets

In other news, CAO Daniel Wendler sold 1,311 shares of Flex stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $145.20, for a total value of $190,357.20. Following the sale, the chief accounting officer directly owned 37,932 shares in the company, valued at approximately $5,507,726.40. This trade represents a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David Scott Offer sold 6,657 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $145.23, for a total value of $966,796.11. Following the transaction, the executive vice president directly owned 91,122 shares in the company, valued at $13,233,648.06. This trade represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 769,195 shares of company stock worth $110,116,823. Insiders own 0.62% of the company’s stock.

Flex Price Performance

FLEX stock opened at $103.02 on Thursday. The stock has a market capitalization of $37.74 billion, a price-to-earnings ratio of 44.21, a PEG ratio of 0.59 and a beta of 1.64. The firm’s 50-day moving average price is $140.27 and its two-hundred day moving average price is $99.27. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 12-month low of $47.83 and a 12-month high of $166.86.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. The company had revenue of $7.93 billion during the quarter, compared to analyst estimates of $7.53 billion. Flex had a net margin of 3.15% and a return on equity of 22.12%. Flex’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. 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 analysts predict that Flex Ltd. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FLEX shares. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Freedom Capital upgraded Flex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Robert W. Baird set a $165.00 price target on Flex in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a research note on Friday, July 17th. Finally, Raymond James Financial set a $170.00 price objective on Flex and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Flex presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.70.

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.