Empowered Funds LLC boosted its position in Flex Ltd. (NASDAQ:FLEX – Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,076 shares of the technology company’s stock after acquiring an additional 8,310 shares during the quarter. Empowered Funds LLC’s holdings in Flex were worth $9,955,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Flex by 196.1% during the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after purchasing an additional 25,662,586 shares in the last quarter. Norges Bank bought a new stake in Flex during the fourth quarter valued at approximately $319,756,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Flex during the fourth quarter valued at approximately $2,497,000. Sequoia Financial Advisors LLC grew its stake in Flex by 12.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 173,277 shares of the technology company’s stock worth $10,469,000 after buying an additional 19,270 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Flex by 62.3% in the 4th quarter. Teacher Retirement System of Texas now owns 340,389 shares of the technology company’s stock worth $20,566,000 after buying an additional 130,641 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, COO Kwang Hooi Tan sold 26,657 shares of Flex stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $144.48, for a total value of $3,851,403.36. Following the transaction, the chief operating officer directly owned 257,527 shares of the company’s stock, valued at $37,207,500.96. The trade was a 9.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David Scott Offer sold 33,000 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $153.91, for a total transaction of $5,079,030.00. Following the sale, the executive vice president directly owned 73,471 shares of the company’s stock, valued at $11,307,921.61. The trade was a 30.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 769,195 shares of company stock valued at $110,116,823 over the last quarter. Company insiders own 0.62% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Flex
Flex Price Performance
Shares of NASDAQ:FLEX opened at $111.91 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.95. The stock has a market cap of $41.00 billion, a PE ratio of 43.21, a PEG ratio of 0.54 and a beta of 1.64. The company’s fifty day moving average is $139.88 and its 200 day moving average is $99.62. Flex Ltd. has a 52 week low of $47.83 and a 52 week high of $166.86.
Flex (NASDAQ:FLEX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. The firm had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Flex had a return on equity of 23.15% and a net margin of 3.32%.The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. Research analysts anticipate that Flex Ltd. will post 4.18 earnings per share for the current year.
Flex News Summary
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Quarterly results exceeded expectations. Flex reported fiscal Q1 2027 adjusted EPS of $1.00, above the roughly $0.90–$0.93 consensus, while revenue rose 20.6% year over year to $7.93 billion versus expectations of approximately $7.53 billion. Adjusted operating margin reached 6.7%. Flex Reports First Quarter Fiscal 2027 Results
- Positive Sentiment: AI infrastructure is supporting growth. Management highlighted strong demand for data-center power, cooling and related infrastructure solutions. Growth in the Cloud and Power Infrastructure segment is helping expand margins and strengthening Flex’s position in the AI supply chain. FLEX Q1 Earnings Call Highlights AI Infrastructure Growth
- Positive Sentiment: Fiscal 2027 guidance was raised or set above consensus. Flex forecast second-quarter EPS of $1.00–$1.07 and revenue of $8.0–$8.3 billion, ahead of analyst estimates. Full-year revenue guidance of $33.7–$35.2 billion also exceeds consensus, while EPS guidance is $4.42–$4.74. Flex Forecasts FY 2027 Revenue
- Positive Sentiment: Planned separation could unlock value. Flex announced leadership teams for the planned first-quarter 2027 spin-off of its Cloud and Power Infrastructure business into an independent public company, SpinCo. The transaction may allow investors to value the faster-growing infrastructure operations separately. Flex Announces Spin-Off Leadership Teams
- Neutral Sentiment: Some coverage describes an earlier earnings-related selloff despite the results beat, indicating that investors may have been concerned about valuation, expectations or the details of the outlook before the subsequent recovery. Flex Declines on Earnings
- Neutral Sentiment: An article about Flex raising $70 million in business-banking funding appears to concern a separate fintech company named Flex, not Flex Ltd., and is therefore unlikely to affect FLEX shares. Business Banking Gets a Founder-First Push
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.
Featured Articles
- Five stocks we like better than Flex
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding FLEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flex Ltd. (NASDAQ:FLEX – Free Report).
Receive News & Ratings for Flex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex and related companies with MarketBeat.com's FREE daily email newsletter.
