Logan Capital Management Inc. Has $26.84 Million Stock Position in Flex Ltd. $FLEX

Logan Capital Management Inc. lifted its position in shares of Flex Ltd. (NASDAQ:FLEX) by 3.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 444,176 shares of the technology company’s stock after purchasing an additional 12,900 shares during the quarter. Flex accounts for approximately 1.1% of Logan Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Logan Capital Management Inc.’s holdings in Flex were worth $26,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of Flex by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after acquiring an additional 181 shares in the last quarter. Parcion Private Wealth LLC boosted its holdings in Flex by 1.5% during the fourth quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock worth $855,000 after purchasing an additional 216 shares during the last quarter. US Bancorp DE grew its position in Flex by 1.2% in the 3rd quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock worth $1,144,000 after purchasing an additional 225 shares in the last quarter. Tower Wealth Partners Inc. increased its stake in Flex by 3.7% in the 3rd quarter. Tower Wealth Partners Inc. now owns 6,980 shares of the technology company’s stock valued at $405,000 after buying an additional 249 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of Flex by 3.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock worth $403,000 after buying an additional 257 shares in the last quarter. 94.30% of the stock is owned by institutional investors.

Flex Stock Performance

Shares of FLEX opened at $151.99 on Friday. Flex Ltd. has a 1 year low of $42.83 and a 1 year high of $166.86. 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’s fifty day moving average price is $114.24 and its two-hundred day moving average price is $81.43. The firm has a market cap of $55.69 billion, a PE ratio of 65.23, a PEG ratio of 0.73 and a beta of 1.64.

Flex (NASDAQ:FLEX) last posted its earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. The firm 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%. On average, equities research analysts forecast that Flex Ltd. will post 4.15 EPS for the current year.

Insider Buying and Selling at Flex

In other Flex news, CEO Revathi Advaithi sold 83,500 shares of Flex stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $132.87, for a total transaction of $11,094,645.00. Following the completion of the transaction, the chief executive officer owned 605,522 shares of the company’s stock, valued at $80,455,708.14. The trade was a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael P. Hartung sold 22,216 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $142.38, for a total value of $3,163,114.08. Following the sale, the insider owned 232,706 shares in the company, valued at approximately $33,132,680.28. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 345,012 shares of company stock worth $48,508,103 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FLEX has been the subject of a number of research analyst reports. Barclays increased their price target on Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. KeyCorp raised their target price on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Robert W. Baird set a $165.00 price target on shares of Flex in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted 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. One 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.70.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is being viewed more favorably as an AI infrastructure beneficiary, with commentary highlighting its role in supplying equipment and systems for data centers and cloud/power applications. Flex To Enter S&P 500 Positioned As A Major AI Infrastructure Player
• Positive Sentiment: Upcoming inclusion in the S&P 500 is a bullish catalyst because it can boost demand from index funds and improve market visibility for Flex Ltd. (FLEX). Dear Flex stock fans, mark your calendars for June 22
• Positive Sentiment: Analysts are focusing on Flex’s aggressive capex plan to capture AI data center demand, suggesting fiscal 2027 could be an important turning point if investments translate into margin recovery and faster growth. Flex Aggressively Scaling Investments: Is Fiscal 2027 a Turning Point?

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.