Public Employees Retirement System of Ohio Boosts Stock Position in Flex Ltd. $FLEX

Public Employees Retirement System of Ohio grew its holdings in Flex Ltd. (NASDAQ:FLEX) by 1,492.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,955 shares of the technology company’s stock after purchasing an additional 133,977 shares during the period. Public Employees Retirement System of Ohio’s holdings in Flex were worth $7,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FLEX. Ballentine Partners LLC boosted its position in Flex by 7.5% in the 2nd quarter. Ballentine Partners LLC now owns 9,482 shares of the technology company’s stock valued at $473,000 after buying an additional 662 shares during the period. BNC Wealth Management LLC bought a new stake in shares of Flex during the second quarter valued at approximately $205,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Flex in the second quarter valued at approximately $349,000. GAMMA Investing LLC grew its stake in Flex by 198.1% in the second quarter. GAMMA Investing LLC now owns 4,877 shares of the technology company’s stock worth $243,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Avanza Fonder AB increased its holdings in Flex by 13.9% during the 2nd quarter. Avanza Fonder AB now owns 18,704 shares of the technology company’s stock worth $934,000 after purchasing an additional 2,280 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. KeyCorp upped their price objective on shares of Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Barclays boosted their price target on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Flex in a research note on Friday, July 11th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.71.

Insider Activity at Flex

In other news, insider Michael P. Hartung sold 45,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the transaction, the insider owned 256,198 shares in the company, valued at $14,639,153.72. This represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction of $566,600.00. Following the completion of the transaction, the chief accounting officer directly owned 37,619 shares of the company’s stock, valued at $2,131,492.54. The trade was a 21.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,020 shares of company stock worth $4,923,667 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Flex Trading Up 0.6%

NASDAQ FLEX opened at $56.85 on Monday. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $59.76. The company has a 50 day moving average price of $53.34 and a 200 day moving average price of $44.81. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. The firm has a market cap of $21.34 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Flex (NASDAQ:FLEX) last announced its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. Flex’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. As a group, sell-side analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.