Board of the Pension Protection Fund Invests $2.37 Million in Flex Ltd. $FLEX

Board of the Pension Protection Fund bought a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the second quarter, HoldingsChannel reports. The institutional investor bought 47,500 shares of the technology company’s stock, valued at approximately $2,371,000. Flex comprises about 2.6% of Board of the Pension Protection Fund’s holdings, making the stock its largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in Flex in the first quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in Flex in the first quarter valued at about $26,000. Olde Wealth Management LLC bought a new stake in Flex in the first quarter valued at about $26,000. Pinnacle Bancorp Inc. increased its holdings in Flex by 39.4% in the second quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company’s stock valued at $43,000 after purchasing an additional 244 shares during the last quarter. Finally, CX Institutional bought a new stake in Flex in the first quarter valued at about $29,000. Institutional investors own 94.30% of the company’s stock.

Flex Stock Down 5.1%

Shares of Flex stock opened at $56.59 on Friday. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $60.05. The business has a 50-day moving average of $54.67 and a two-hundred day moving average of $46.27. The company has a market capitalization of $21.24 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83.

Flex (NASDAQ:FLEX) last posted 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 during the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.Flex’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. As a group, equities analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

FLEX has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on Flex from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus upped their price objective on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Barclays increased their price target on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Flex currently has an average rating of “Moderate Buy” and a consensus target price of $59.71.

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the transaction, the chief operating officer directly owned 263,636 shares in the company, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total value of $2,571,300.00. Following the transaction, the insider owned 256,198 shares of the company’s stock, valued at approximately $14,639,153.72. The trade was a 14.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,020 shares of company stock valued at $4,923,667 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Flex Company Profile

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.