PNC Financial Services Group Inc. Decreases Stake in Flex Ltd. $FLEX

Posted by Geri Gentry on May 28th, 2026

PNC Financial Services Group Inc. reduced its stake in shares of Flex Ltd. (NASDAQ:FLEX – Free Report) by 10.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,378 shares of the technology company’s stock after selling 3,923 shares during the period. PNC Financial Services Group Inc.’s holdings in Flex were worth $2,017,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Flex by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after buying an additional 181 shares in the last quarter. Parcion Private Wealth LLC boosted its position in shares of Flex by 1.5% in the 4th quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock worth $855,000 after buying an additional 216 shares in the last quarter. US Bancorp DE boosted its position in shares of Flex by 1.2% in the 3rd quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock worth $1,144,000 after buying an additional 225 shares in the last quarter. Tower Wealth Partners Inc. boosted its position in shares of Flex by 3.7% in the 3rd quarter. Tower Wealth Partners Inc. now owns 6,980 shares of the technology company’s stock worth $405,000 after buying an additional 249 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Flex by 3.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock worth $403,000 after buying an additional 257 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Flex

In related news, insider Michael P. Hartung sold 22,216 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $142.38, for a total value of $3,163,114.08. Following the completion of the transaction, the insider owned 232,706 shares of the company’s stock, valued at approximately $33,132,680.28. The trade was a 8.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Revathi Advaithi sold 114,090 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $142.37, for a total transaction of $16,242,993.30. Following the completion of the transaction, the chief executive officer directly owned 689,022 shares of the company’s stock, valued at $98,096,062.14. The trade was a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 329,512 shares of company stock worth $44,459,298 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

Positive Sentiment: Investors continue to react positively to Flex’s AI infrastructure spin-off plan and stronger outlook, which has helped re-rate the shares higher amid optimism around data-center demand. Flex rallies 6.2% as AI infrastructure spin-off plan and upbeat outlook continue to re-rate shares
Neutral Sentiment: CEO Revathi Advaithi sold 83,500 shares in a pre-arranged Rule 10b5-1 transaction, which is notable but may be viewed as routine insider selling rather than a change in business outlook.
Neutral Sentiment: Director Erin McSweeney sold 2,000 shares, following prior sales earlier in the month; the repeated insider selling may create some caution, but the amount is relatively small versus Flex’s large market value.
Negative Sentiment: Multiple insider sales over the past several months, with no reported insider purchases, could pressure investor sentiment if traders interpret the pattern as executives taking profits after a sharp run-up.

Flex Trading Up 1.8%

Shares of FLEX stock opened at $145.79 on Thursday. The firm has a 50-day moving average price of $95.25 and a 200 day moving average price of $74.31. Flex Ltd. has a twelve month low of $41.43 and a twelve month high of $147.34. The company has a market capitalization of $53.41 billion, a price-to-earnings ratio of 62.57, a PEG ratio of 0.75 and a beta of 1.46. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX – Get Free Report) last announced its earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. The firm had revenue of $7.48 billion during the quarter. Research analysts forecast that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLEX has been the topic of several recent research reports. Barclays boosted their price objective on shares of Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price objective on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Robert W. Baird set a $165.00 price objective on shares of Flex in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.80.

Get Our Latest Stock Report on Flex

About Flex

(Free Report)

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.