7,039 Shares in Flex Ltd. $FLEX Bought by Hilltop National Bank

Hilltop National Bank purchased a new position in Flex Ltd. (NASDAQ:FLEX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,039 shares of the technology company’s stock, valued at approximately $351,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Flex during the first quarter worth $25,000. Olde Wealth Management LLC purchased a new stake in shares of Flex during the first quarter worth $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Flex during the first quarter worth $26,000. CX Institutional purchased a new stake in shares of Flex during the first quarter worth $29,000. Finally, CWM LLC grew its holdings in shares of Flex by 73.3% during the first quarter. CWM LLC now owns 1,281 shares of the technology company’s stock worth $42,000 after buying an additional 542 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Trading Down 3.4%

NASDAQ FLEX opened at $56.13 on Friday. The firm’s 50-day moving average is $53.91 and its two-hundred day moving average is $45.45. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $59.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $21.07 billion, a P/E ratio of 24.62, a PEG ratio of 1.98 and a beta of 1.15.

Flex (NASDAQ:FLEX) last posted its earnings results on Thursday, July 24th. The technology company reported $0.72 EPS 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 for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Flex’s revenue for the quarter was up 4.1% compared to the same quarter last year. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, sell-side analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLEX. Stifel Nicolaus upped their target price on shares of Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen raised shares of Flex from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 26th. KeyCorp boosted their price target on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Flex in a research report on Saturday, September 27th. Finally, Bank of America boosted their price target on shares of Flex from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.29.

Insider Activity at Flex

In other Flex news, Director Erin Mcsweeney sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the business’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 in the company, valued at $2,131,492.54. This trade represents a 21.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,020 shares of company stock valued at $4,923,667. 0.57% of the stock is owned by company insiders.

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.