Provenance Wealth Advisors LLC acquired a new position in Flex Ltd. (NASDAQ:FLEX – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,063 shares of the technology company’s stock, valued at approximately $1,107,000.
Several other large investors also recently bought and sold shares of FLEX. KBC Group NV raised its holdings in shares of Flex by 541.5% during the first quarter. KBC Group NV now owns 1,965,811 shares of the technology company’s stock valued at $128,682,000 after acquiring an additional 1,659,384 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Flex by 52.2% in the first quarter. Sei Investments Co. now owns 2,230,622 shares of the technology company’s stock worth $146,016,000 after acquiring an additional 764,558 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Flex by 446.0% in the first quarter. Hsbc Holdings PLC now owns 290,062 shares of the technology company’s stock worth $18,905,000 after acquiring an additional 236,941 shares during the last quarter. Amundi increased its position in shares of Flex by 15.5% during the first quarter. Amundi now owns 1,494,418 shares of the technology company’s stock worth $97,825,000 after purchasing an additional 200,553 shares in the last quarter. Finally, SEB Asset Management AB purchased a new stake in shares of Flex during the first quarter worth approximately $11,411,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
Flex Stock Performance
Shares of Flex stock opened at $77.24 on Thursday. Flex Ltd. has a one year low of $53.07 and a one year high of $166.86. The company has a market cap of $28.54 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.41 and a beta of 1.80. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 1.34. The business’s 50 day moving average price is $104.16 and its 200 day moving average price is $103.12.
Flex (NASDAQ:FLEX – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. The company had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.17 billion. Flex had a return on equity of 24.93% and a net margin of 3.35%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, research analysts predict that Flex Ltd. will post 4.52 EPS for the current year.
Key Headlines Impacting Flex
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Flex raised its fiscal 2027 outlook, citing accelerating AI infrastructure demand and growth in its Cloud and Power Infrastructure (CPI) business. CPI revenue was reported up 54%, while the company is expanding power capabilities and developing liquid-cooling products and services. FLEX Q2 Earnings Call Highlights Axiom Spin-Off and AI Growth
- Positive Sentiment: Zacks Research upgraded Flex from “hold” to “strong buy,” adding an encouraging analyst signal amid the recent decline. Zacks Research stock recommendations
- Neutral Sentiment: Flex is advancing plans to spin off its CPI segment as Axiom Solutions International, targeted to become a separate publicly traded company in 2027. The separation could sharpen the businesses’ focus, but its eventual effect on shareholder value remains uncertain. Flex’s 2027 Axiom Spin-Off: Will Two Firms Unlock Value for Investors?
- Negative Sentiment: The shares were sharply lower in the supplied market update despite the favorable outlook and AI-growth news. The articles provided do not point to a clear company-specific reason for the drop.
Insider Buying and Selling at Flex
In other news, insider Michael P. Hartung sold 2,755 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total transaction of $332,363.20. Following the transaction, the insider owned 243,175 shares of the company’s stock, valued at approximately $29,336,632. The trade was a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.62% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on FLEX. Barclays reduced their price objective on Flex from $144.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Wall Street Zen raised shares of Flex from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Robert W. Baird dropped their target price on shares of Flex from $142.00 to $135.00 in a report on Monday, October 19th. Weiss Ratings cut shares of Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Finally, Raymond James Financial set a $170.00 price target on shares of Flex and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $131.78.
Check Out Our Latest Stock Report on Flex
Flex Profile
Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.
Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.
The company was founded in 1969 as Flextronics and later adopted the name Flex.
Featured Articles
- Five stocks we like better than Flex
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Flex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex and related companies with MarketBeat.com's FREE daily email newsletter.
