Vise Technologies Inc. increased its holdings in shares of Flex Ltd. (NASDAQ:FLEX – Free Report) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 116,924 shares of the technology company’s stock after acquiring an additional 3,631 shares during the quarter. Vise Technologies Inc.’s holdings in Flex were worth $7,065,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in FLEX. Vanguard Group Inc. boosted its position in Flex by 196.1% during the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after buying an additional 25,662,586 shares during the period. Norges Bank acquired a new stake in Flex during the 4th quarter worth approximately $319,756,000. State Street Corp boosted its position in Flex by 38.0% during the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after buying an additional 3,377,669 shares during the period. Qube Research & Technologies Ltd boosted its position in Flex by 118.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company’s stock worth $162,968,000 after buying an additional 1,522,308 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Flex by 80.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock worth $153,374,000 after buying an additional 1,183,464 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on FLEX. KeyCorp boosted their price target on shares of Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $165.00 price target on shares of Flex in a research report on Thursday, May 7th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.70.
Key Flex News
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Flex is highlighted as a potential winner in a strengthening electronics sector, with analysts pointing to infrastructure investment and capacity expansion as tailwinds for the business. Article Title
- Positive Sentiment: Investors are reacting to Flex’s growth strategy, including the planned separation of its Power and Cloud portfolio and an acquisition in electrical power, which could expand its exposure to AI data centers, grid modernization, and electrification. Article Title
- Neutral Sentiment: A Zacks follow-up notes that FLEX has risen since its last earnings report, but questions remain about whether the momentum can continue, making this more of a status update than a clear catalyst. Article Title
- Negative Sentiment: EVP David Scott Offer sold 33,000 shares in a pre-arranged 10b5-1 transaction, trimming his stake by about 31%; while routine, insider selling can still weigh on sentiment. Article Title
Flex Stock Down 4.8%
Flex stock opened at $151.92 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 12-month low of $42.60 and a 12-month high of $166.86. The firm’s fifty day moving average is $107.57 and its 200 day moving average is $78.73. The company has a market capitalization of $55.66 billion, a PE ratio of 65.20, a PEG ratio of 0.84 and a beta of 1.64.
Flex (NASDAQ:FLEX – Get Free Report) last released its earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. The company had revenue of $7.48 billion for the quarter. As a group, sell-side analysts predict that Flex Ltd. will post 4.15 EPS for the current fiscal year.
Insider Buying and Selling at Flex
In other Flex news, CEO Revathi Advaithi sold 83,500 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $132.87, for a total transaction of $11,094,645.00. Following the completion of the sale, the chief executive officer owned 605,522 shares in the company, valued at approximately $80,455,708.14. The trade was a 12.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erin Mcsweeney sold 2,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $132.51, for a total transaction of $265,020.00. Following the sale, the director owned 9,512 shares of the company’s stock, valued at $1,260,435.12. This trade represents a 17.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 362,512 shares of company stock worth $49,538,328 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.
Flex Company 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.
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