Arkadios Wealth Advisors Takes Position in Flex Ltd. $FLEX

Arkadios Wealth Advisors acquired a new stake in Flex Ltd. (NASDAQ:FLEX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,147 shares of the technology company’s stock, valued at approximately $606,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its stake 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. Pacer Advisors Inc. lifted its stake in shares of Flex by 3,794.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock valued at $95,936,000 after acquiring an additional 2,825,667 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Flex by 73.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company’s stock valued at $91,888,000 after purchasing an additional 1,177,970 shares during the last quarter. Wellington Management Group LLP raised 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 purchasing an additional 996,276 shares during the last quarter. Finally, Voya Investment Management LLC raised 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 purchasing an additional 690,611 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction on Monday, October 27th. The shares were sold at an average price of $64.88, for a total value of $811,000.00. Following the completion of the sale, the chief operating officer directly owned 251,136 shares of the company’s stock, valued at approximately $16,293,703.68. The trade was a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction of $566,600.00. Following the completion of the sale, the chief accounting officer directly owned 37,619 shares of the company’s stock, valued at approximately $2,131,492.54. This trade represents a 21.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,020 shares of company stock worth $6,070,442 over the last ninety days. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group raised their price target on shares of Flex from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. KeyCorp raised their target price on Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Stifel Nicolaus raised their target price on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.86.

Flex Stock Performance

FLEX stock opened at $63.90 on Tuesday. The stock has a 50-day moving average price of $58.72 and a 200-day moving average price of $50.11. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $67.00. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60. The firm has a market cap of $23.98 billion, a PE ratio of 28.27, a price-to-earnings-growth 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 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.70 billion. Flex had a return on equity of 20.86% and a net margin of 3.33%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. As a group, equities research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Flex 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.