WINTON GROUP Ltd Makes New $2.13 Million Investment in Flex Ltd. $FLEX

WINTON GROUP Ltd bought a new position in Flex Ltd. (NASDAQ:FLEX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,270 shares of the technology company’s stock, valued at approximately $2,131,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Flex by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after buying an additional 181 shares during the period. Parcion Private Wealth LLC lifted its position in shares of Flex by 1.5% in the fourth quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock worth $855,000 after purchasing an additional 216 shares in the last quarter. US Bancorp DE lifted its position in shares of Flex by 1.2% in the third quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock worth $1,144,000 after purchasing an additional 225 shares in the last quarter. Tower Wealth Partners Inc. lifted its position in shares of Flex by 3.7% in the third quarter. Tower Wealth Partners Inc. now owns 6,980 shares of the technology company’s stock worth $405,000 after purchasing an additional 249 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of Flex by 3.3% in the second quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock worth $403,000 after purchasing an additional 257 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Revathi Advaithi sold 114,090 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $142.37, for a total transaction of $16,242,993.30. Following the completion of the transaction, the chief executive officer directly owned 689,022 shares in the company, valued at $98,096,062.14. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 22,216 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $142.38, for a total transaction of $3,163,114.08. Following the transaction, the insider owned 232,706 shares of the company’s stock, valued at approximately $33,132,680.28. The trade was a 8.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 345,012 shares of company stock valued at $48,508,103. 0.57% of the stock is owned by corporate insiders.

Flex Price Performance

Shares of FLEX opened at $151.92 on Monday. The firm has a market cap of $55.66 billion, a PE ratio of 65.20, a PEG ratio of 0.80 and a beta of 1.63. The firm’s 50 day moving average price is $107.57 and its 200 day moving average price is $78.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. Flex Ltd. has a twelve month low of $42.60 and a twelve month high of $166.86.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. The firm had revenue of $7.48 billion for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. As a group, research analysts expect that Flex Ltd. will post 4.15 EPS for the current fiscal year.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is highlighted as a potential winner in a strengthening electronics sector, with analysts pointing to infrastructure investment and capacity expansion as tailwinds for the business. Article Title
• Positive Sentiment: Investors are reacting to Flex’s growth strategy, including the planned separation of its Power and Cloud portfolio and an acquisition in electrical power, which could expand its exposure to AI data centers, grid modernization, and electrification. Article Title
• Neutral Sentiment: A Zacks follow-up notes that FLEX has risen since its last earnings report, but questions remain about whether the momentum can continue, making this more of a status update than a clear catalyst. Article Title
• Negative Sentiment: EVP David Scott Offer sold 33,000 shares in a pre-arranged 10b5-1 transaction, trimming his stake by about 31%; while routine, insider selling can still weigh on sentiment. Article Title

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Barclays increased their price target on shares of Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus increased their price target on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group increased their price target on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Flex presently has a consensus rating of “Moderate Buy” and an average price target of $115.70.

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.