M&T Bank Corp Has $1.11 Million Stock Holdings in Flex Ltd. $FLEX

M&T Bank Corp grew its holdings in Flex Ltd. (NASDAQ:FLEX) by 96.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,345 shares of the technology company’s stock after purchasing an additional 8,998 shares during the quarter. M&T Bank Corp’s holdings in Flex were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of Flex in the 4th quarter valued at about $28,000. CENTRAL TRUST Co lifted its stake in shares of Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after purchasing an additional 355 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Flex in the 3rd quarter valued at about $52,000. Root Financial Partners LLC acquired a new position in shares of Flex in the 3rd quarter valued at about $57,000. Finally, CI Investments Inc. lifted its stake 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 valued at $59,000 after purchasing an additional 385 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Stock Performance

Shares of Flex stock opened at $142.17 on Friday. Flex Ltd. has a one year low of $38.30 and a one year high of $142.59. The firm has a market capitalization of $52.27 billion, a price-to-earnings ratio of 61.02, a PEG ratio of 3.06 and a beta of 1.46. The business has a 50-day simple moving average of $74.45 and a 200 day simple moving average of $67.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.96 billion. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. On average, research analysts anticipate that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLEX has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Robert W. Baird set a $165.00 target price on Flex in a research report on Thursday. The Goldman Sachs Group boosted their target price on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Finally, Stifel Nicolaus boosted their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.80.

Insider Buying and Selling

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. The trade was a 6.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles K. Stevens III sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $138.14, for a total value of $2,072,100.00. Following the sale, the director directly owned 45,426 shares of the company’s stock, valued at $6,275,147.64. This represents a 24.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.

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.