Foster & Motley Inc. Takes $441,000 Position in Flex Ltd. $FLEX

Foster & Motley Inc. bought a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,733 shares of the technology company’s stock, valued at approximately $441,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. USA Financial Formulas bought a new position in Flex during the 4th quarter valued at $28,000. Parkside Financial Bank & Trust raised its holdings in shares of Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Flex in the fourth quarter valued at about $28,000. Gables Capital Management Inc. bought a new position in shares of Flex during the fourth quarter valued at about $42,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Flex by 6,318.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock worth $43,000 after purchasing an additional 695 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

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.

Insiders Place Their Bets

In other Flex news, insider Michael P. Hartung sold 7,269 shares of Flex stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $145.22, for a total transaction of $1,055,604.18. Following the completion of the sale, the insider directly owned 245,930 shares in the company, valued at $35,713,954.60. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kwang Hooi Tan sold 8,981 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $145.19, for a total transaction of $1,303,951.39. Following the completion of the transaction, the chief operating officer directly owned 248,546 shares of the company’s stock, valued at approximately $36,086,393.74. This represents a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 769,195 shares of company stock valued at $110,116,823 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Flex Stock Down 9.0%

Shares of NASDAQ:FLEX opened at $146.70 on Friday. The company has a market cap of $53.75 billion, a price-to-earnings ratio of 62.96, a PEG ratio of 0.77 and a beta of 1.64. 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 firm has a fifty day moving average price of $131.19 and a two-hundred day moving average price of $88.30. Flex Ltd. has a one year low of $47.83 and a one year high of $166.86.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped 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. boosted their target price on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Stifel Nicolaus upped their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. 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. Finally, Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Flex currently has an average rating of “Moderate Buy” and a consensus target price of $115.70.

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.