Ifrah Financial Services Inc. Invests $267,000 in Flex Ltd. $FLEX

Ifrah Financial Services Inc. bought a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,357 shares of the technology company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Koshinski Asset Management Inc. bought a new stake in shares of Flex during the second quarter worth $302,000. Tower Wealth Partners Inc. raised its position in shares of Flex by 4.4% during the second quarter. Tower Wealth Partners Inc. now owns 6,731 shares of the technology company’s stock worth $336,000 after acquiring an additional 286 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Flex by 0.8% during the second quarter. New York State Teachers Retirement System now owns 358,329 shares of the technology company’s stock worth $17,888,000 after purchasing an additional 2,784 shares during the period. Ritholtz Wealth Management grew its stake in shares of Flex by 15.9% during the second quarter. Ritholtz Wealth Management now owns 13,636 shares of the technology company’s stock worth $681,000 after purchasing an additional 1,868 shares during the period. Finally, Harbour Investments Inc. grew its stake in shares of Flex by 74.7% during the second quarter. Harbour Investments Inc. now owns 704 shares of the technology company’s stock worth $35,000 after purchasing an additional 301 shares during the period. Institutional investors own 94.30% of the company’s stock.

Flex Stock Down 1.9%

NASDAQ:FLEX opened at $62.14 on Friday. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $64.29. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The stock has a market cap of $23.32 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.06 and a beta of 1.15. The stock has a 50-day moving average price of $55.79 and a two-hundred day moving average price of $47.15.

Flex (NASDAQ:FLEX) last posted its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. 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 expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

FLEX has been the subject of a number of analyst reports. The Goldman Sachs Group set a $66.00 price objective on Flex in a research note on Monday, September 29th. Stifel Nicolaus lifted their price objective on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Bank of America lifted their price objective on Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex currently has an average rating of “Moderate Buy” and a consensus price target of $59.71.

Insider Activity at Flex

In other news, Director William D. Watkins sold 10,000 shares of the company’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 transaction, the director directly owned 111,355 shares of the company’s stock, valued at $5,767,075.45. This represents a 8.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kwang Hooi Tan sold 12,500 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total value of $628,125.00. Following the transaction, the chief operating officer directly owned 263,636 shares of the company’s stock, valued at $13,247,709. This represents a 4.53% 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 over the last ninety days. Company insiders own 0.57% of the company’s stock.

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.