Hutchens & Kramer Investment Management Group LLC Buys New Holdings in Flex Ltd. $FLEX

Hutchens & Kramer Investment Management Group LLC bought a new stake in Flex Ltd. (NASDAQ:FLEX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,807 shares of the technology company’s stock, valued at approximately $233,000.

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

Flex Stock Down 2.3%

NASDAQ FLEX opened at $62.52 on Monday. The business has a fifty day moving average price of $58.50 and a 200 day moving average price of $49.89. Flex Ltd. has a one year low of $25.11 and a one year high of $67.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33. The company has a market cap of $23.47 billion, a P/E ratio of 27.66, a P/E/G ratio of 1.79 and a beta of 1.24.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same period in the prior year, the company earned $0.64 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on FLEX. Argus set a $85.00 price target on Flex in a report on Friday. Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday. KGI Securities downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Barclays boosted their price target on Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price target on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.86.

Insider Transactions at Flex

In related news, Director William D. Watkins sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total value of $517,900.00. Following the completion of the transaction, the director directly owned 111,355 shares of the company’s stock, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total value of $566,600.00. Following the completion of the transaction, the chief accounting officer directly owned 37,619 shares of the company’s stock, valued at approximately $2,131,492.54. This represents a 21.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,020 shares of company stock worth $6,070,442 in the last quarter. 0.57% of the stock is owned by insiders.

About Flex

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.