First Eagle Investment Management LLC Increases Stock Holdings in Flex Ltd. $FLEX

First Eagle Investment Management LLC increased its stake in Flex Ltd. (NASDAQ:FLEX) by 41.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,705 shares of the technology company’s stock after acquiring an additional 7,001 shares during the quarter. First Eagle Investment Management LLC’s holdings in Flex were worth $1,183,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Flex in the fourth quarter worth about $260,000. Envestnet Asset Management Inc. boosted its holdings in shares of Flex by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,365,636 shares of the technology company’s stock worth $45,175,000 after purchasing an additional 139,104 shares during the last quarter. M&T Bank Corp grew its position in shares of Flex by 43.9% in the first quarter. M&T Bank Corp now owns 21,676 shares of the technology company’s stock valued at $717,000 after purchasing an additional 6,611 shares in the last quarter. Allworth Financial LP lifted its position in Flex by 23.5% during the first quarter. Allworth Financial LP now owns 11,395 shares of the technology company’s stock worth $395,000 after buying an additional 2,172 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in Flex by 28.3% during the first quarter. Ballentine Partners LLC now owns 8,820 shares of the technology company’s stock worth $292,000 after buying an additional 1,944 shares during the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total transaction of $566,600.00. Following the sale, the chief accounting officer owned 37,619 shares of the company’s stock, valued at approximately $2,131,492.54. This trade represents a 21.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the transaction, the director owned 17,012 shares in the company, valued at $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 120,020 shares of company stock valued at $7,004,342. 0.57% of the stock is owned by corporate insiders.

Flex Trading Down 1.1%

NASDAQ FLEX opened at $62.64 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33. The firm has a market cap of $23.16 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.66 and a beta of 1.24. The firm has a 50 day simple moving average of $59.46 and a 200-day simple moving average of $51.01. Flex Ltd. has a one year low of $25.11 and a one year high of $67.00.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Equities research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

FLEX has been the subject of a number of recent research reports. Bank of America raised their target price on Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Argus set a $85.00 target price on shares of Flex in a report on Friday, October 31st. Barclays raised their price objective on Flex from $60.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. KeyCorp increased their target price on shares of Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, KGI Securities lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $71.86.

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.