Profund Advisors LLC Lowers Stock Holdings in Flex Ltd. $FLEX

Profund Advisors LLC reduced its position in Flex Ltd. (NASDAQ:FLEX) by 55.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,713 shares of the technology company’s stock after selling 9,449 shares during the quarter. Profund Advisors LLC’s holdings in Flex were worth $385,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FLEX. BayBridge Capital Group LLC boosted its stake in shares of Flex by 2.1% in the second quarter. BayBridge Capital Group LLC now owns 11,400 shares of the technology company’s stock valued at $569,000 after purchasing an additional 235 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in Flex by 39.4% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company’s stock worth $43,000 after buying an additional 244 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Flex by 1.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,206 shares of the technology company’s stock valued at $759,000 after buying an additional 266 shares during the period. Uncommon Cents Investing LLC grew its stake in shares of Flex by 4.1% in the second quarter. Uncommon Cents Investing LLC now owns 6,850 shares of the technology company’s stock worth $342,000 after acquiring an additional 270 shares in the last quarter. Finally, Dynasty Wealth Management LLC grew its stake in shares of Flex by 0.7% in the first quarter. Dynasty Wealth Management LLC now owns 37,233 shares of the technology company’s stock worth $1,232,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Stock Performance

Shares of FLEX opened at $59.53 on Friday. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $67.00. 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 stock has a 50 day moving average price of $60.09 and a 200 day moving average price of $51.53.

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

Insider Transactions at Flex

In other Flex news, insider Michael P. Hartung sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $62.21, for a total value of $933,150.00. Following the completion of the transaction, the insider owned 211,198 shares in the company, valued at $13,138,627.58. This represents a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William D. Watkins sold 10,000 shares of Flex stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.79, for a total value of $517,900.00. Following the sale, the director owned 111,355 shares in the company, valued at $5,767,075.45. This trade represents a 8.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 135,020 shares of company stock valued at $7,937,492 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FLEX has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on Flex from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a research report on Wednesday, October 8th. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Stifel Nicolaus boosted their price objective on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Barclays raised their target price on shares of Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

About Flex

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.