6,059 Shares in Flex Ltd. $FLEX Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. bought a new position in Flex Ltd. (NASDAQ:FLEX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,059 shares of the technology company’s stock, valued at approximately $302,000.

A number of other hedge funds also recently made changes to their positions in FLEX. Brighton Jones LLC purchased a new stake in shares of Flex in the fourth quarter worth about $260,000. GAMMA Investing LLC lifted its position in shares of Flex by 231.2% in the first quarter. GAMMA Investing LLC now owns 1,636 shares of the technology company’s stock worth $54,000 after buying an additional 1,142 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Flex in the first quarter worth about $246,000. State of Alaska Department of Revenue lifted its position in shares of Flex by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 44,895 shares of the technology company’s stock worth $1,485,000 after buying an additional 685 shares in the last quarter. Finally, Whalen Wealth Management Inc. lifted its position in shares of Flex by 63.7% in the first quarter. Whalen Wealth Management Inc. now owns 10,921 shares of the technology company’s stock worth $361,000 after buying an additional 4,251 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total value of $566,600.00. Following the transaction, the chief accounting officer owned 37,619 shares of the company’s stock, valued at $2,131,492.54. This represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the transaction, the director directly owned 17,012 shares in the company, valued at approximately $875,607.64. This trade represents a 37.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,020 shares of company stock valued at $4,923,667. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FLEX shares. Stifel Nicolaus boosted their target price on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $66.00 price objective on Flex in a research report on Monday, September 29th. JPMorgan Chase & Co. upped their price objective on Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Barclays upped their price objective on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.71.

Flex Trading Up 1.0%

FLEX opened at $62.75 on Tuesday. The stock has a market cap of $23.55 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.02 and a beta of 1.15. The stock’s 50 day moving average price is $56.04 and its 200-day moving average price is $47.62. Flex Ltd. has a one year low of $25.11 and a one year high of $64.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36.

Flex (NASDAQ:FLEX) last released 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. The firm had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, equities analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

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.