Sound Shore Management Inc. CT Cuts Position in Flex Ltd. $FLEX

Sound Shore Management Inc. CT decreased its holdings in Flex Ltd. (NASDAQ:FLEX) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,018,314 shares of the technology company’s stock after selling 153,314 shares during the quarter. Sound Shore Management Inc. CT’s holdings in Flex were worth $61,527,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position 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 valued at $208,000 after acquiring an additional 181 shares in the last quarter. Parcion Private Wealth LLC grew its holdings in Flex by 1.5% in the 4th quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock valued at $855,000 after buying an additional 216 shares during the period. US Bancorp DE grew its holdings in Flex by 1.2% in the 3rd quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock valued at $1,144,000 after buying an additional 225 shares during the period. Tower Wealth Partners Inc. grew its position in Flex by 3.7% during the third quarter. Tower Wealth Partners Inc. now owns 6,980 shares of the technology company’s stock valued at $405,000 after acquiring an additional 249 shares during the period. Finally, Benjamin Edwards Inc. grew its position in Flex by 3.3% during the second quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock valued at $403,000 after acquiring an additional 257 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex highlighted new AI data-center power solutions at COMPUTEX 2026, including a 110 kW shelf for NVIDIA Vera Rubin systems and upgraded power-management technology, which supports the company’s growth story in AI infrastructure. Article Title
• Positive Sentiment: Market sentiment also improved around AI-linked hardware names, with investors viewing Flex as a beneficiary of rising data-center spending and power-infrastructure demand. Article Title
• Positive Sentiment: Flex recently announced a new $1.45 billion senior term loan facility, which strengthens liquidity and may help fund operations, acquisitions, or strategic initiatives. Article Title
• Neutral Sentiment: Flex presented at the Bank of America 2026 Global Technology Conference, but the transcript itself does not appear to include a single major new headline; it mainly reinforces investor attention on the company’s strategy and business mix. Article Title
• Neutral Sentiment: A DCF-based valuation note suggested Flex may be trading well above estimated intrinsic value, which could temper enthusiasm if investors focus on valuation rather than growth momentum. Article Title

Flex Trading Up 1.6%

Flex stock opened at $161.94 on Thursday. The firm has a 50 day simple moving average of $104.12 and a 200-day simple moving average of $77.51. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. The stock has a market capitalization of $59.33 billion, a PE ratio of 69.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.64. Flex Ltd. has a 12-month low of $42.31 and a 12-month high of $166.86.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on FLEX shares. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Stifel Nicolaus lifted their target price on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Barclays lifted their price target on Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $165.00 price target on Flex in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and an average target price of $112.80.

Insider Buying and Selling at Flex

In other news, EVP David Scott Offer sold 22,212 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.40, for a total transaction of $3,162,988.80. Following the completion of the sale, the executive vice president directly owned 74,926 shares of the company’s stock, valued at $10,669,462.40. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $135.93, for a total transaction of $2,378,775.00. Following the sale, the chief operating officer directly owned 238,543 shares of the company’s stock, valued at $32,425,149.99. This represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 329,512 shares of company stock valued at $44,459,298. Corporate insiders own 0.57% of the company’s stock.

About Flex

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.