Crossmark Global Holdings Inc. Sells 32,561 Shares of Flex Ltd. $FLEX

Crossmark Global Holdings Inc. reduced its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 28.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 82,192 shares of the technology company’s stock after selling 32,561 shares during the period. Crossmark Global Holdings Inc.’s holdings in Flex were worth $9,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KBC Group NV lifted its position in Flex by 541.5% during the 1st quarter. KBC Group NV now owns 1,965,811 shares of the technology company’s stock worth $128,682,000 after acquiring an additional 1,659,384 shares in the last quarter. Sei Investments Co. grew its position in Flex by 52.2% in the first quarter. Sei Investments Co. now owns 2,230,622 shares of the technology company’s stock valued at $146,016,000 after acquiring an additional 764,558 shares in the last quarter. Hsbc Holdings PLC grew its position in Flex by 446.0% in the first quarter. Hsbc Holdings PLC now owns 290,062 shares of the technology company’s stock valued at $18,905,000 after acquiring an additional 236,941 shares in the last quarter. Amundi raised its stake in shares of Flex by 15.5% during the first quarter. Amundi now owns 1,494,418 shares of the technology company’s stock valued at $97,825,000 after purchasing an additional 200,553 shares during the period. Finally, SEB Asset Management AB purchased a new stake in shares of Flex during the first quarter valued at approximately $11,411,000. 94.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FLEX. Raymond James Financial set a $170.00 target price on shares of Flex and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Barclays lowered their price target on shares of Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Flex from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Weiss Ratings cut shares of Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Finally, Robert W. Baird set a $142.00 target price on Flex in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

Insider Activity

In other news, insider Michael P. Hartung sold 2,755 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total value of $332,363.20. Following the sale, the insider owned 243,175 shares in the company, valued at approximately $29,336,632. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.62% of the company’s stock.

Key Flex News

Here are the key news stories impacting Flex this week:

• Neutral Sentiment: The EPC Power acquisition expands Flex’s position in power infrastructure and is intended to be placed within Axiom before the planned first-quarter 2027 spin-off. However, integrating the $4.4 billion acquisition and separating the business adds significant execution complexity. Flex slides as investors digest Axiom spin-off financing risks and broader AI infrastructure weakness
• Negative Sentiment: Flex disclosed a $2.0 billion preferred investment in Axiom that must be redeemed if the spin-off is not completed by December 31, 2027. Investors may view that contingent obligation as a financial risk if the separation is delayed. Flex SEC filing
• Negative Sentiment: Flex borrowed $1.1 billion under a bridge credit facility to help fund the EPC Power transaction. The added borrowing increases leverage and may heighten concerns about financing costs and the company’s balance sheet during the spin-off process. Flex 8-K filing summary
• Negative Sentiment: Broader weakness in AI and data-center infrastructure shares is likely amplifying pressure on Flex as investors reassess the cost of financing large infrastructure build-outs. AP report on AI infrastructure concerns
• Negative Sentiment: Reported insider activity shows 138 open-market sales and no purchases over the past six months, including sales by senior executives. While such transactions may be scheduled, the absence of insider buying can weigh on investor sentiment.

Flex Stock Down 11.1%

Shares of NASDAQ:FLEX opened at $76.69 on Friday. The firm has a market cap of $28.33 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 0.44 and a beta of 1.67. The company has a fifty day simple moving average of $109.69 and a 200 day simple moving average of $119.58. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95. Flex Ltd. has a 12-month low of $53.07 and a 12-month high of $166.86.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 EPS for the quarter. The firm had revenue of $7.93 billion for the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. On average, equities research analysts anticipate that Flex Ltd. will post 4.27 EPS for the current fiscal year.

Flex Profile

Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.

Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.

The company was founded in 1969 as Flextronics and later adopted the name Flex.