Federated Hermes Inc. Has $1.95 Million Stake in Flex Ltd. $FLEX

Federated Hermes Inc. reduced its position in shares of Flex Ltd. (NASDAQ:FLEX) by 84.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,582 shares of the technology company’s stock after selling 179,366 shares during the period. Federated Hermes Inc.’s holdings in Flex were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FLEX. Norges Bank bought a new position in Flex during the 2nd quarter worth $291,362,000. State Street Corp grew its stake in shares of Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after acquiring an additional 3,377,669 shares in the last quarter. Geode Capital Management LLC raised its stake in Flex by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock worth $358,500,000 after purchasing an additional 2,459,511 shares in the last quarter. Pacer Advisors Inc. raised its stake in Flex by 5,973.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock worth $79,132,000 after purchasing an additional 1,342,569 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Flex by 44.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,928,808 shares of the technology company’s stock worth $146,206,000 after purchasing an additional 894,790 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Beat estimates and raised guidance — FLEX reported $0.87 EPS vs. $0.79 consensus and ~$7.06B revenue (beats), with adjusted operating margin improving and management raising full‑year net sales, adjusted operating margin and adjusted EPS guidance. FLEX REPORTS THIRD QUARTER FISCAL 2026 RESULTS
• Positive Sentiment: Guidance slightly above Street — FY26 EPS guided to $3.210–3.270 (vs. ~3.02 consensus) and Q4 EPS to $0.830–0.890 (vs. ~0.82), with FY revenue range modestly above consensus — a near‑term financing/earnings beat that supports the outlook. Flex Raises Outlook After Record Quarter Fueled By AI Data Centers
• Neutral Sentiment: Results were presentation‑ready — management hosted the earnings call and slide deck that detail customer mix, margins and segment performance (useful for investors parsing sustainability of the beat). Flex Ltd. (FLEX) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Investor reaction — despite the double beat, shares fell because sequential revenue growth is slowing and the quarter was seen as too concentrated in AI/data‑center demand, raising concentration and sustainability concerns. Flex Q3: Not Enough Growth, Investors Didn’t Like It
• Negative Sentiment: High volume and volatility — trading spiked well above average as investors repositioned, amplifying the sell‑off despite the beat. Flex Trading Page

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FLEX. Raymond James Financial set a $80.00 price target on shares of Flex and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group upped their target price on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Argus set a $85.00 price target on Flex in a research report on Friday, October 31st. Barclays cut their price objective on shares of Flex from $78.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Flex has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Insider Transactions at Flex

In other news, insider Michael P. Hartung sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $62.21, for a total transaction of $933,150.00. Following the completion of the transaction, the insider directly owned 211,198 shares in the company, valued at approximately $13,138,627.58. This represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the transaction, the chief financial officer owned 143,803 shares of the company’s stock, valued at $8,805,057.69. The trade was a 12.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 86,406 shares of company stock valued at $5,195,639. Corporate insiders own 0.57% of the company’s stock.

Flex Stock Performance

NASDAQ:FLEX opened at $58.83 on Thursday. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $72.22. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $63.56 and its 200 day simple moving average is $59.08. The firm has a market capitalization of $21.75 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a net margin of 3.33% and a return on equity of 20.86%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Flex Company 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.