20,000 Flex Ltd. $FLEX Shares Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. lifted its position in shares of Flex Ltd. (NASDAQ:FLEX) by 33.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 80,000 shares of the technology company’s stock after acquiring an additional 20,000 shares during the period. Flex accounts for 0.8% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 28th biggest holding. Prescott Group Capital Management L.L.C.’s holdings in Flex were worth $8,799,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FLEX. Deltec Asset Management LLC boosted its stake in Flex by 40.3% during the 3rd quarter. Deltec Asset Management LLC now owns 139,284 shares of the technology company’s stock valued at $15,320,000 after purchasing an additional 40,003 shares during the period. Rithm Capital Corp. acquired a new stake in shares of Flex in the first quarter valued at approximately $1,407,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Flex in the second quarter valued at approximately $8,659,000. SteelPeak Wealth LLC bought a new stake in shares of Flex during the third quarter valued at approximately $1,359,000. Finally, Andra AP fonden raised its holdings in shares of Flex by 41.9% during the second quarter. Andra AP fonden now owns 38,624 shares of the technology company’s stock valued at $6,260,000 after buying an additional 11,400 shares during the last quarter. Institutional investors own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings downgraded Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. cut their target price on Flex from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Freedom Capital upgraded Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Bank of America decreased their price target on Flex from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and an average price target of $131.78.

Insider Activity

In related news, insider Michael P. Hartung sold 2,755 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total value of $332,363.20. Following the sale, the insider directly owned 243,175 shares in the company, valued at $29,336,632. The trade was a 1.12% 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. 0.62% of the stock is owned by corporate insiders.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex’s cloud and infrastructure (CPI) revenue rose 54%, with AI infrastructure demand cited as a key driver. Growth in power, acquisitions and expanding margins also support the company’s fiscal 2027 outlook. Flex’s CPI Sales Surge 54%: Can AI Infrastructure Sustain Gains?
• Positive Sentiment: The EPC Power acquisition may strengthen Flex’s position in AI data centers and add to its Axiom platform, potentially extending its growth opportunity in the sector. Can FLEX’s EPC Power Deal Deepen Its AI Data Center Growth Advantage?
• Negative Sentiment: Higher investment, rising debt and acquisition-integration risks could weigh on returns or limit the benefit of AI-related growth. The stock also reportedly fell after its fiscal second-quarter results, despite its strong longer-term growth narrative. Flex Stock Down Post Q2 Earnings: Should You Buy, Hold or Offload?

Flex Trading Up 4.6%

Shares of FLEX stock opened at $88.10 on Wednesday. The stock has a 50-day simple moving average of $104.80 and a 200 day simple moving average of $103.06. The stock has a market capitalization of $32.55 billion, a P/E ratio of 31.81, a P/E/G ratio of 0.39 and a beta of 1.80. Flex Ltd. has a fifty-two week low of $53.07 and a fifty-two week high of $166.86. The company has a quick ratio of 0.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.90.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. Flex had a net margin of 3.35% and a return on equity of 24.93%. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.17 billion. During the same period in the prior year, the company earned $0.79 EPS. Flex’s revenue was up 24.8% on a year-over-year basis. On average, sell-side analysts expect that Flex Ltd. will post 4.52 earnings per share for the current fiscal year.

Flex Profile

Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.

Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.

The company was founded in 1969 as Flextronics and later adopted the name Flex.