Flex Ltd. $FLEX is Cookson Peirce & Co. Inc.’s 5th Largest Position

Cookson Peirce & Co. Inc. reduced its position in shares of Flex Ltd. (NASDAQ:FLEX) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,270,413 shares of the technology company’s stock after selling 23,809 shares during the period. Flex comprises 2.8% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 5th biggest holding. Cookson Peirce & Co. Inc.’s holdings in Flex were worth $63,419,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Flex by 4.8% in the first 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 in the last quarter. Invesco Ltd. lifted its stake in Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock worth $276,652,000 after purchasing an additional 2,968,285 shares in the last quarter. Voya Investment Management LLC lifted its stake in Flex by 16.7% during the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock worth $159,243,000 after purchasing an additional 690,611 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Flex by 3.2% in the first quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock valued at $136,326,000 after acquiring an additional 128,464 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Flex by 16.9% in the first 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 acquiring an additional 453,455 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total value of $2,571,300.00. Following the completion of the transaction, the insider directly owned 256,198 shares in the company, valued at $14,639,153.72. This trade represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $50.25, for a total transaction of $628,125.00. Following the sale, the chief operating officer owned 263,636 shares of the company’s stock, valued at $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock valued at $4,923,667 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Flex Stock Down 0.7%

Shares of Flex stock opened at $62.32 on Wednesday. The company has a fifty day moving average price of $56.25 and a 200 day moving average price of $47.72. 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. The stock has a market cap of $23.39 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. JPMorgan Chase & Co. increased their target price on shares of 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 company a “buy” rating in a report on Wednesday, October 8th. KeyCorp lifted their price objective on Flex from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.