Fifth Third Bancorp Has $125,000 Stock Position in Flex Ltd. $FLEX

Fifth Third Bancorp trimmed its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,498 shares of the technology company’s stock after selling 374 shares during the quarter. Fifth Third Bancorp’s holdings in Flex were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Flex by 4.8% during the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock valued at $719,232,000 after purchasing an additional 996,276 shares in the last quarter. Invesco Ltd. boosted its holdings in Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after purchasing an additional 2,968,285 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Flex by 16.7% during the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock valued at $159,243,000 after purchasing an additional 690,611 shares in the last quarter. Earnest Partners LLC boosted its holdings in Flex by 3.2% during the first quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock valued at $136,326,000 after purchasing an additional 128,464 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Flex by 16.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company’s stock valued at $103,714,000 after purchasing an additional 453,455 shares in the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Stock Performance

Shares of Flex stock opened at $58.01 on Thursday. The firm has a fifty day moving average of $53.62 and a two-hundred day moving average of $45.15. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.97 and a beta of 1.15. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $59.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 EPS 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 analysts’ expectations of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. 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, equities research analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Insider Activity at Flex

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the sale, the chief operating officer owned 263,636 shares in the company, valued at approximately $13,247,709. The trade was a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Erin Mcsweeney sold 10,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the sale, the director owned 17,012 shares of the company’s stock, valued at $875,607.64. The trade was a 37.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on FLEX. KeyCorp boosted their target price on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. The Goldman Sachs Group set a $66.00 target price on Flex in a report on Monday. KGI Securities downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Bank of America boosted their target price on Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their target price on Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.29.

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.