Peapack Gladstone Financial Corp lowered its position in shares of Flex Ltd. (NASDAQ:FLEX – Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,263 shares of the technology company’s stock after selling 3,484 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Flex were worth $1,224,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Flex by 2,543.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 122,120 shares of the technology company’s stock valued at $7,378,000 after buying an additional 117,500 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Flex by 249.3% in the 4th quarter. BNP Paribas Financial Markets now owns 326,293 shares of the technology company’s stock valued at $19,715,000 after buying an additional 232,876 shares during the last quarter. Gulf International Bank UK Ltd acquired a new stake in shares of Flex in the 4th quarter valued at approximately $1,240,000. Impact Partnership Wealth LLC boosted its holdings in shares of Flex by 56.8% in the 4th quarter. Impact Partnership Wealth LLC now owns 17,318 shares of the technology company’s stock valued at $1,046,000 after buying an additional 6,276 shares during the last quarter. Finally, Forsta AP Fonden acquired a new stake in shares of Flex in the 4th quarter valued at approximately $7,637,000. Institutional investors and hedge funds own 94.30% of the company’s stock.
Flex Trading Up 1.6%
Shares of Flex stock opened at $161.94 on Thursday. The business has a fifty day simple moving average of $104.12 and a two-hundred day simple moving average of $77.51. Flex Ltd. has a 1 year low of $42.31 and a 1 year high of $166.86. The company has a market capitalization of $59.33 billion, a price-to-earnings ratio of 69.50, a P/E/G ratio of 0.84 and a beta of 1.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87.
Analyst Upgrades and Downgrades
FLEX has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Stifel Nicolaus increased their price objective on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. The Goldman Sachs Group increased their price objective on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, May 7th. KeyCorp increased their price objective on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Flex has an average rating of “Moderate Buy” and an average target price of $112.80.
View Our Latest Stock Analysis on Flex
Trending Headlines about Flex
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Flex highlighted new AI data-center power solutions at COMPUTEX 2026, including a 110 kW shelf for NVIDIA Vera Rubin systems and upgraded power-management technology, which supports the company’s growth story in AI infrastructure. Article Title
- Positive Sentiment: Market sentiment also improved around AI-linked hardware names, with investors viewing Flex as a beneficiary of rising data-center spending and power-infrastructure demand. Article Title
- Positive Sentiment: Flex recently announced a new $1.45 billion senior term loan facility, which strengthens liquidity and may help fund operations, acquisitions, or strategic initiatives. Article Title
- Neutral Sentiment: Flex presented at the Bank of America 2026 Global Technology Conference, but the transcript itself does not appear to include a single major new headline; it mainly reinforces investor attention on the company’s strategy and business mix. Article Title
- Neutral Sentiment: A DCF-based valuation note suggested Flex may be trading well above estimated intrinsic value, which could temper enthusiasm if investors focus on valuation rather than growth momentum. Article Title
Insider Buying and Selling at Flex
In other Flex news, EVP David Scott Offer sold 22,212 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.40, for a total transaction of $3,162,988.80. Following the transaction, the executive vice president owned 74,926 shares in the company, valued at $10,669,462.40. This trade represents a 22.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 22,216 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.38, for a total value of $3,163,114.08. Following the transaction, the insider owned 232,706 shares in the company, valued at $33,132,680.28. The trade was a 8.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 329,512 shares of company stock worth $44,459,298. 0.57% of the stock is currently owned by corporate insiders.
About Flex
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.
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