Banque Cantonale Vaudoise Purchases New Position in Flex Ltd. $FLEX

Banque Cantonale Vaudoise bought a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,852 shares of the technology company’s stock, valued at approximately $842,000.

Several other hedge funds have also recently modified their holdings of FLEX. Parkside Financial Bank & Trust increased its holdings in Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Flex by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after purchasing an additional 181 shares during the last quarter. Fred Alger Management LLC grew its position in Flex by 0.7% in the 4th quarter. Fred Alger Management LLC now owns 30,881 shares of the technology company’s stock worth $1,866,000 after purchasing an additional 210 shares during the period. Parcion Private Wealth LLC grew its position in Flex by 1.5% in the 4th 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 period. Finally, US Bancorp DE raised its stake in Flex by 1.2% during 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 last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Insider Activity

In other Flex news, EVP David Scott Offer sold 33,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $153.91, for a total value of $5,079,030.00. Following the completion of the sale, the executive vice president owned 73,471 shares in the company, valued at approximately $11,307,921.61. This represents a 30.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kwang Hooi Tan sold 26,657 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $144.48, for a total value of $3,851,403.36. Following the completion of the transaction, the chief operating officer directly owned 257,527 shares of the company’s stock, valued at approximately $37,207,500.96. This trade represents a 9.38% decrease in their position. 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. Over the last 90 days, insiders sold 769,195 shares of company stock worth $110,116,823. 0.57% of the stock is currently owned by corporate insiders.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO Revathi Advaithi said the planned spin-off of the cloud and power infrastructure segment could create “tremendous shareholder value,” which may support long-term upside if the separation unlocks a higher valuation for each business. Spin-off creates opportunity for ‘TREMENDOUS shareholder value’: Flex CEO
• Positive Sentiment: JetCool, a Flex company, launched a turnkey liquid-cooled server solution for enterprise AI customers, reinforcing Flex’s exposure to AI infrastructure demand and its cooling technology business. JetCool Launches Turnkey Liquid-Cooled Server Solution to Accelerate Enterprise AI Adoption
• Neutral Sentiment: Several articles highlighted Flex alongside broader technology and electronics manufacturing peers, but these were mostly comparison pieces rather than new company-specific developments. FLEX vs. PLXS: Which Electronics Manufacturing Stock is the Better Buy? Are Computer and Technology Stocks Lagging Flex (FLEX) This Year?
• Neutral Sentiment: Other mentions, including a Morningstar quote page, a local transit “Flex On Demand” story, and an Amazon Prime Day article listing FLEX power tools, do not appear to have a material direct impact on Flex Ltd.’s operating results or stock valuation. Flex Ltd FLEX
• Negative Sentiment: Short-interest data showed no meaningful borrowable shares and no clear signal, but the market may still be sensitive to valuation concerns after a strong run, especially with Flex trading at a high multiple relative to earnings.

Flex Trading Down 9.0%

Shares of NASDAQ:FLEX opened at $146.70 on Friday. The stock has a 50 day moving average of $131.19 and a 200 day moving average of $88.30. The company has a market cap of $53.75 billion, a PE ratio of 62.96, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64. Flex Ltd. has a 12-month low of $47.83 and a 12-month high of $166.86. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share 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 year.

Wall Street Analysts Forecast Growth

FLEX has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. KeyCorp raised their target price on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Zacks Research upgraded Flex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group upped their price target on shares of Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.