Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 6,854 Shares of Flex Ltd. $FLEX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Flex Ltd. (NASDAQ:FLEX) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,431 shares of the technology company’s stock after acquiring an additional 6,854 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Flex were worth $4,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLEX. BayBridge Capital Group LLC raised its stake in 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 buying an additional 235 shares during the period. Pinnacle Bancorp Inc. raised its stake in Flex by 39.4% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company’s stock valued at $43,000 after acquiring an additional 244 shares during the period. Farther Finance Advisors LLC lifted its holdings in Flex by 1.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,206 shares of the technology company’s stock valued at $759,000 after purchasing an additional 266 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in Flex by 4.1% during the second quarter. Uncommon Cents Investing LLC now owns 6,850 shares of the technology company’s stock worth $342,000 after purchasing an additional 270 shares during the period. Finally, Tower Wealth Partners Inc. increased its holdings in shares of Flex by 4.4% in the second quarter. Tower Wealth Partners Inc. now owns 6,731 shares of the technology company’s stock valued at $336,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 94.30% of the company’s stock.

Analyst Upgrades and Downgrades

FLEX has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Barclays increased their target price on Flex from $60.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.75.

Flex Stock Down 2.0%

Shares of NASDAQ FLEX opened at $57.57 on Wednesday. The stock has a market capitalization of $21.29 billion, a P/E ratio of 25.47, a PEG ratio of 1.56 and a beta of 1.24. The stock’s fifty day moving average is $60.27 and its 200 day moving average is $52.26. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $67.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.70 billion. Flex had a net margin of 3.33% and a return on equity of 20.86%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Flex

In other Flex news, Director William D. Watkins sold 10,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director directly owned 111,355 shares in the company, valued at $5,767,075.45. This represents a 8.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erin Mcsweeney sold 10,000 shares of Flex stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the transaction, the director owned 17,012 shares in the company, valued at approximately $875,607.64. The trade was a 37.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 132,500 shares of company stock valued at $7,812,450. 0.57% of the stock is currently owned by 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.