Flex Ltd. $FLEX Shares Sold by Shannon River Fund Management LLC

Shannon River Fund Management LLC reduced its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 34.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 849,416 shares of the technology company’s stock after selling 452,500 shares during the quarter. Flex accounts for 7.9% of Shannon River Fund Management LLC’s portfolio, making the stock its 5th largest position. Shannon River Fund Management LLC owned about 0.23% of Flex worth $49,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. CENTRAL TRUST Co boosted its position in Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Flex during the second quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Flex in the third quarter valued at approximately $57,000. CI Investments Inc. boosted its holdings in shares of Flex by 60.4% in the 3rd quarter. CI Investments Inc. now owns 1,022 shares of the technology company’s stock worth $59,000 after acquiring an additional 385 shares in the last quarter. Finally, Rexford Capital Inc. bought a new stake in Flex during the 2nd quarter worth approximately $57,000. Institutional investors own 94.30% of the company’s stock.

Flex Trading Up 4.1%

Shares of NASDAQ FLEX opened at $63.39 on Thursday. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The firm has a market capitalization of $23.31 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.49 and a beta of 1.24. 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 company’s 50 day simple moving average is $63.67 and its 200 day simple moving average is $61.38.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. 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 predict that Flex Ltd. will post 2.33 EPS for the current year.

Analyst Ratings Changes

FLEX has been the topic of several research analyst reports. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Robert W. Baird started coverage on shares of Flex in a research note on Thursday. They set an “outperform” rating and a $70.00 price target on the stock. 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 downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and a consensus price target of $67.10.

Insider Buying and Selling

In related news, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction that occurred 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.

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.