Pekin Hardy Strauss Inc. Buys Shares of 7,850 Flex Ltd. $FLEX

Pekin Hardy Strauss Inc. purchased a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,850 shares of the technology company’s stock, valued at approximately $392,000.

Other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC raised its position in Flex by 85.2% during the second quarter. Savant Capital LLC now owns 24,813 shares of the technology company’s stock worth $1,239,000 after acquiring an additional 11,412 shares during the last quarter. Sound Shore Management Inc CT raised its position in shares of Flex by 2.3% during the 2nd quarter. Sound Shore Management Inc CT now owns 1,770,524 shares of the technology company’s stock worth $88,385,000 after purchasing an additional 39,579 shares during the last quarter. Genus Capital Management Inc. raised its position in shares of Flex by 44.7% during the 2nd quarter. Genus Capital Management Inc. now owns 106,010 shares of the technology company’s stock worth $5,292,000 after purchasing an additional 32,740 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Flex during the 2nd quarter valued at $192,000. Finally, Simmons Bank grew its holdings in Flex by 3.6% during the 2nd quarter. Simmons Bank now owns 49,068 shares of the technology company’s stock valued at $2,449,000 after buying an additional 1,704 shares during the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Stock Down 1.1%

Shares of NASDAQ FLEX opened at $62.64 on Friday. The stock has a market capitalization of $23.16 billion, a PE ratio of 27.72, a P/E/G ratio of 1.66 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $59.46 and a 200-day moving average of $50.88. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $67.00.

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

Insider Buying and Selling at Flex

In related news, Director William D. Watkins 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 $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director owned 111,355 shares of the company’s stock, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $64.88, for a total transaction of $811,000.00. Following the transaction, the chief operating officer directly owned 251,136 shares in the company, valued at approximately $16,293,703.68. This trade represents a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 120,020 shares of company stock worth $7,004,342. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

FLEX has been the topic of several recent research reports. Barclays upped their price objective on Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. KGI Securities lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. The Goldman Sachs Group raised their price target on shares of Flex from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Flex in a research report on Wednesday, October 8th. Finally, KeyCorp raised their target price on shares of Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $71.86.

Flex Company 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.