Lingohr Asset Management GmbH Cuts Stock Position in Flex Ltd. $FLEX

Lingohr Asset Management GmbH lowered its position in Flex Ltd. (NASDAQ:FLEX) by 92.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,454 shares of the technology company’s stock after selling 157,091 shares during the period. Lingohr Asset Management GmbH’s holdings in Flex were worth $672,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in Flex by 4.8% during the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock worth $719,232,000 after purchasing an additional 996,276 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after acquiring an additional 2,968,285 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Flex by 16.7% in the 1st quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock valued at $159,243,000 after acquiring an additional 690,611 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Flex by 3.2% in the 1st quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock valued at $136,326,000 after acquiring an additional 128,464 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Flex by 16.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company’s stock valued at $103,714,000 after acquiring an additional 453,455 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on FLEX shares. Bank of America upped their price objective on shares of Flex from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Stifel Nicolaus upped their price objective on shares of Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Flex in a research note on Friday, July 11th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.71.

Insider Activity at Flex

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the transaction, the chief operating officer owned 263,636 shares of the company’s stock, valued at $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the transaction, the director directly owned 17,012 shares of the company’s stock, valued at approximately $875,607.64. This trade represents a 37.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,013 shares of company stock valued at $5,097,662 over the last quarter. 0.57% of the stock is owned by insiders.

Flex Trading Down 0.8%

Shares of FLEX opened at $57.29 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $58.60. The firm has a 50-day moving average price of $52.19 and a 200 day moving average price of $43.21. The firm has a market capitalization of $21.50 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.95 and a beta of 1.12.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Flex’s quarterly revenue was up 4.1% on a year-over-year basis. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Sell-side analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.