Figure 8 Investment Strategies LLC Sells 20,055 Shares of Flex Ltd. $FLEX

Figure 8 Investment Strategies LLC lessened its holdings in Flex Ltd. (NASDAQ:FLEX) by 26.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,358 shares of the technology company’s stock after selling 20,055 shares during the quarter. Flex accounts for 2.7% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 12th largest position. Figure 8 Investment Strategies LLC’s holdings in Flex were worth $2,813,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in Flex by 4.8% in the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock valued at $719,232,000 after purchasing an additional 996,276 shares during the period. Invesco Ltd. grew its stake in Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after purchasing an additional 2,968,285 shares during the period. Voya Investment Management LLC grew its stake in Flex by 16.7% in the 1st quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock valued at $159,243,000 after purchasing an additional 690,611 shares during the period. Earnest Partners LLC grew its stake in Flex by 3.2% in the 1st quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock valued at $136,326,000 after purchasing an additional 128,464 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Flex by 16.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company’s stock valued at $103,714,000 after purchasing an additional 453,455 shares during the period. Institutional investors own 94.30% of the company’s stock.

Insider Transactions at Flex

In other Flex news, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the sale, the director owned 17,012 shares of the company’s stock, valued at $875,607.64. This trade represents a 37.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the completion of the sale, the chief operating officer directly owned 263,636 shares in the company, valued at approximately $13,247,709. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FLEX shares. Stifel Nicolaus upped their price objective on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price target on Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. KeyCorp upped their price target on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a research report on Saturday, September 27th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.29.

Flex Stock Performance

Shares of FLEX opened at $56.13 on Friday. The stock’s 50-day simple moving average is $53.91 and its 200 day simple moving average is $45.45. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $59.76.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Research analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.