Sumitomo Mitsui Trust Group Inc. reduced its holdings in Flex Ltd. (NASDAQ:FLEX – Free Report) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 766,738 shares of the technology company’s stock after selling 9,737 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Flex were worth $84,334,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of FLEX. MassMutual Private Wealth & Trust FSB increased its position in shares of Flex by 14.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 783 shares of the technology company’s stock worth $86,000 after purchasing an additional 99 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in Flex by 7.4% during the second quarter. TD Waterhouse Canada Inc. now owns 1,449 shares of the technology company’s stock valued at $223,000 after purchasing an additional 100 shares during the last quarter. JSF Financial LLC grew its stake in Flex by 0.6% in the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after buying an additional 115 shares in the last quarter. WealthPlan Investment Management LLC grew its stake in Flex by 5.3% in the 3rd quarter. WealthPlan Investment Management LLC now owns 2,312 shares of the technology company’s stock worth $254,000 after buying an additional 116 shares in the last quarter. Finally, Glenview Trust Co grew its stake in Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock worth $247,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.
Trending Headlines about Flex
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Flex’s cloud and infrastructure (CPI) revenue rose 54%, with AI infrastructure demand cited as a key driver. Growth in power, acquisitions and expanding margins also support the company’s fiscal 2027 outlook. Flex’s CPI Sales Surge 54%: Can AI Infrastructure Sustain Gains?
- Positive Sentiment: The EPC Power acquisition may strengthen Flex’s position in AI data centers and add to its Axiom platform, potentially extending its growth opportunity in the sector. Can FLEX’s EPC Power Deal Deepen Its AI Data Center Growth Advantage?
- Negative Sentiment: Higher investment, rising debt and acquisition-integration risks could weigh on returns or limit the benefit of AI-related growth. The stock also reportedly fell after its fiscal second-quarter results, despite its strong longer-term growth narrative. Flex Stock Down Post Q2 Earnings: Should You Buy, Hold or Offload?
Insiders Place Their Bets
In other news, insider Michael P. Hartung sold 2,755 shares of Flex stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the sale, the insider directly owned 243,175 shares in the company, valued at approximately $29,336,632. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.62% of the company’s stock.
Flex Stock Up 4.6%
Shares of NASDAQ FLEX opened at $88.10 on Wednesday. The firm’s fifty day moving average is $104.80 and its 200 day moving average is $103.06. Flex Ltd. has a 52 week low of $53.07 and a 52 week high of $166.86. The company has a quick ratio of 0.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.90. The company has a market cap of $32.55 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 0.39 and a beta of 1.80.
Flex (NASDAQ:FLEX – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.06 by $0.12. The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.17 billion. Flex had a net margin of 3.35% and a return on equity of 24.93%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that Flex Ltd. will post 4.52 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently weighed in on FLEX. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. The Goldman Sachs Group cut their target price on shares of Flex from $154.00 to $145.00 in a research report on Friday, October 16th. Raymond James Financial set a $170.00 target price on Flex and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings downgraded Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Finally, Robert W. Baird dropped their price target on Flex from $142.00 to $135.00 in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.78.
Get Our Latest Stock Analysis on FLEX
Flex Company Profile
Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.
Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.
The company was founded in 1969 as Flextronics and later adopted the name Flex.
Featured Stories
- Five stocks we like better than Flex
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
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.
