Horizon Investments LLC Increases Position in Flex Ltd. $FLEX

Horizon Investments LLC boosted its holdings in Flex Ltd. (NASDAQ:FLEX) by 33.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 94,694 shares of the technology company’s stock after acquiring an additional 23,592 shares during the quarter. Horizon Investments LLC’s holdings in Flex were worth $5,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLEX. Brighton Jones LLC purchased a new stake in Flex in the fourth quarter worth about $260,000. Goldman Sachs Group Inc. grew its holdings in Flex by 19.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after purchasing an additional 211,046 shares during the period. Empowered Funds LLC purchased a new stake in Flex in the first quarter worth about $397,000. EverSource Wealth Advisors LLC grew its holdings in Flex by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,031 shares during the period. Finally, First Trust Advisors LP grew its holdings in Flex by 92.4% in the second quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock worth $3,099,000 after purchasing an additional 29,821 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Barclays upped their price objective on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Robert W. Baird started coverage on shares of Flex in a research note on Thursday, March 12th. They issued an “outperform” rating and a $70.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Flex has an average rating of “Moderate Buy” and an average target price of $72.30.

Flex Stock Performance

Shares of NASDAQ FLEX opened at $91.70 on Monday. The firm’s 50 day moving average price is $71.04 and its 200-day moving average price is $65.79. The company has a market cap of $33.72 billion, a PE ratio of 41.12, a P/E/G ratio of 1.97 and a beta of 1.46. Flex Ltd. has a 52-week low of $34.94 and a 52-week high of $93.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40.

Flex (NASDAQ:FLEX) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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, equities research analysts expect that Flex Ltd. will post 2.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Kwang Hooi Tan sold 17,500 shares of the 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 in the company, valued at $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by company insiders.

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.