Flex Ltd. $FLEX Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lowered its position in shares of Flex Ltd. (NASDAQ:FLEX) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,217,644 shares of the technology company’s stock after selling 13,032 shares during the quarter. Flex comprises approximately 3.0% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 6th largest position. Cookson Peirce & Co. Inc.’s holdings in Flex were worth $73,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Flex during the 4th quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Flex during the 4th quarter worth approximately $28,000. CENTRAL TRUST Co increased its holdings in shares of Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after buying an additional 355 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Flex during the 4th quarter worth approximately $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Flex during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insiders Place Their Bets

In other news, Director Erin Mcsweeney sold 2,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $132.51, for a total value of $265,020.00. Following the sale, the director directly owned 9,512 shares in the company, valued at $1,260,435.12. This represents a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Hartung sold 22,216 shares of the company’s stock in a transaction that occurred 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 directly owned 232,706 shares in the company, valued at $33,132,680.28. The trade was a 8.71% decrease in their position. 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 ninety days, insiders sold 362,512 shares of company stock valued at $49,538,328. Corporate insiders own 0.57% of the company’s stock.

Key Headlines Impacting Flex

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

Flex Price Performance

Shares of NASDAQ:FLEX opened at $151.92 on Friday. The company has a 50-day simple moving average of $107.57 and a 200-day simple moving average of $78.73. Flex Ltd. has a one year low of $42.60 and a one year high of $166.86. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. The stock has a market capitalization of $55.66 billion, a price-to-earnings ratio of 65.20, a PEG ratio of 0.80 and a beta of 1.64.

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

Analyst Upgrades and Downgrades

FLEX has been the subject of a number of research analyst reports. Zacks Research raised shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Stifel Nicolaus increased their price objective 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 objective 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. JPMorgan Chase & Co. increased their price objective on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and an average target price 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.