Flex Ltd. $FLEX Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,083,744 shares of the technology company’s stock after acquiring an additional 221,819 shares during the quarter. Vanguard Group Inc. owned approximately 3.54% of Flex worth $758,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH increased its position in Flex by 17.7% during the third quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company’s stock worth $138,749,000 after buying an additional 360,553 shares in the last quarter. Dynasty Wealth Management LLC boosted its stake in shares of Flex by 80.1% during the third quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company’s stock valued at $2,528,000 after acquiring an additional 19,388 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Flex during the third quarter valued at $1,460,000. Sowell Financial Services LLC increased its position in Flex by 220.6% during the 3rd quarter. Sowell Financial Services LLC now owns 24,891 shares of the technology company’s stock worth $1,443,000 after purchasing an additional 17,128 shares in the last quarter. Finally, Ethic Inc. raised its stake in Flex by 140.2% in the 3rd quarter. Ethic Inc. now owns 46,553 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 27,169 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Stock Performance

NASDAQ:FLEX opened at $65.68 on Monday. The company has a market cap of $24.15 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.60 and a beta of 1.24. The firm’s 50 day moving average is $63.75 and its two-hundred day moving average is $60.26. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Analysts expect that Flex Ltd. will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FLEX. KeyCorp raised their price target on shares of Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. The Goldman Sachs Group lifted their target price on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. boosted their price target on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Raymond James Financial set a $80.00 price objective on Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and a consensus price target of $66.78.

Insider Transactions at Flex

In related news, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the transaction, the chief accounting officer owned 27,619 shares in the company, valued at approximately $1,987,739.43. This trade represents a 26.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael E. Hurlston sold 10,000 shares of Flex stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $58.00, for a total transaction of $580,000.00. Following the transaction, the director directly owned 58,561 shares in the company, valued at approximately $3,396,538. This trade represents a 14.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,406 shares of company stock worth $2,610,389 in the last three months. 0.57% of the stock is currently owned by company insiders.

Flex 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.