Cookson Peirce & Co. Inc. Trims Stake in Flex Ltd. $FLEX

Cookson Peirce & Co. Inc. lowered its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,230,676 shares of the technology company’s stock after selling 39,737 shares during the quarter. Flex accounts for about 2.9% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 5th largest position. Cookson Peirce & Co. Inc. owned about 0.33% of Flex worth $71,342,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fulton Bank N.A. grew its position in Flex by 0.3% in the third quarter. Fulton Bank N.A. now owns 49,904 shares of the technology company’s stock worth $2,893,000 after acquiring an additional 167 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Flex by 2.4% in the 3rd quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock valued at $446,000 after purchasing an additional 179 shares during the last quarter. Modera Wealth Management LLC boosted its holdings in shares of Flex by 3.4% in the 3rd quarter. Modera Wealth Management LLC now owns 7,011 shares of the technology company’s stock worth $406,000 after purchasing an additional 231 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Flex by 7.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,594 shares of the technology company’s stock valued at $208,000 after purchasing an additional 248 shares during the last quarter. Finally, Archer Investment Corp raised its holdings in Flex by 8.9% during the 2nd quarter. Archer Investment Corp now owns 3,050 shares of the technology company’s stock valued at $152,000 after buying an additional 250 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Raymond James Financial set a $80.00 price target on shares of Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price target on shares of Flex in a report on Wednesday, November 12th. Argus set a $85.00 price objective on shares of Flex in a research note on Friday, October 31st. Finally, Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.78.

Insider Transactions at Flex

In related news, Director Michael E. Hurlston sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $58.00, for a total value of $580,000.00. Following the completion of the sale, the director directly owned 58,561 shares of the company’s stock, valued at $3,396,538. This represents a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the transaction, the chief financial officer directly owned 143,803 shares in the company, valued at $8,805,057.69. This trade represents a 12.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,406 shares of company stock valued at $4,262,489 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Flex Trading Down 3.5%

Shares of FLEX opened at $62.60 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. The firm has a market capitalization of $23.02 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.58 and a beta of 1.24. The company has a 50-day moving average of $64.17 and a 200 day moving average of $59.52. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $72.22.

Flex (NASDAQ:FLEX) last issued 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 business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $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, research analysts expect that Flex Ltd. will post 2.33 EPS for the current 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.