Flex Ltd. $FLEX Position Lowered by IFP Advisors Inc

IFP Advisors Inc decreased its position in Flex Ltd. (NASDAQ:FLEX) by 38.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,578 shares of the technology company’s stock after selling 2,825 shares during the quarter. IFP Advisors Inc’s holdings in Flex were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in Flex in the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in Flex during the 1st quarter worth $26,000. Olde Wealth Management LLC acquired a new stake in Flex in the first quarter worth $26,000. Pinnacle Bancorp Inc. lifted its stake 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 buying an additional 244 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in shares of Flex by 134.4% during the second quarter. Webster Bank N. A. now owns 968 shares of the technology company’s stock valued at $48,000 after acquiring an additional 555 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Price Performance

Shares of NASDAQ FLEX opened at $63.34 on Friday. The firm has a 50-day moving average of $55.55 and a two-hundred day moving average of $46.95. The company has a market capitalization of $23.77 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.07 and a beta of 1.15. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $64.29.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.09. The company 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 revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior 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, analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Flex news, Director William D. Watkins 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 $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director directly owned 111,355 shares in the company, valued at approximately $5,767,075.45. This trade represents a 8.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the sale, the director owned 17,012 shares of the company’s stock, valued at approximately $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,020 shares of company stock valued at $4,923,667 over the last quarter. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FLEX shares. The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a research report on Monday, September 29th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. KeyCorp increased their price objective on Flex from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Stifel Nicolaus raised their target price on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Bank of America boosted their price target on Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.71.

Flex 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.