Graphene Investments SAS Cuts Position in Flex Ltd. $FLEX

Graphene Investments SAS decreased its position in Flex Ltd. (NASDAQ:FLEX) by 20.6% during the fourth quarter, Holdings Channel reports. The firm owned 46,900 shares of the technology company’s stock after selling 12,200 shares during the quarter. Graphene Investments SAS’s holdings in Flex were worth $2,834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Flex in the fourth quarter worth $260,000. Goldman Sachs Group Inc. grew its stake in shares of Flex by 19.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after purchasing an additional 211,046 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Flex during the first quarter worth $397,000. EverSource Wealth Advisors LLC grew its stake in shares of Flex by 63.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,031 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Flex by 92.4% during the second quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock worth $3,099,000 after purchasing an additional 29,821 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Robert W. Baird assumed coverage on shares of Flex in a research note on Thursday, March 12th. They set an “outperform” rating and a $70.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Insider Transactions at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the transaction, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.57% of the stock is owned by corporate insiders.

Flex Stock Performance

NASDAQ FLEX opened at $81.83 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. Flex Ltd. has a 1 year low of $30.05 and a 1 year high of $82.85. The company has a market capitalization of $30.09 billion, a PE ratio of 36.70, a P/E/G ratio of 1.74 and a beta of 1.22. The company has a fifty day moving average of $66.82 and a two-hundred day moving average of $63.86.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Flex’s revenue for the quarter was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Flex Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.