Truist Financial Corp Has $5.37 Million Holdings in Flex Ltd. $FLEX

Truist Financial Corp lifted its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,502 shares of the technology company’s stock after purchasing an additional 3,280 shares during the period. Truist Financial Corp’s holdings in Flex were worth $5,366,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FLEX. Brighton Jones LLC acquired a new position in shares of Flex during the fourth quarter worth $260,000. GAMMA Investing LLC lifted its holdings in shares of Flex by 10,855.3% during the first quarter. GAMMA Investing LLC now owns 54,119 shares of the technology company’s stock worth $1,636,000 after purchasing an additional 53,625 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Flex during the first quarter worth $215,000. UMB Bank n.a. raised its stake in Flex by 30.5% during the first quarter. UMB Bank n.a. now owns 2,178 shares of the technology company’s stock worth $72,000 after buying an additional 509 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Flex by 1.8% during the first quarter. Park Avenue Securities LLC now owns 24,916 shares of the technology company’s stock worth $824,000 after buying an additional 432 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Activity at Flex

In related news, CAO Daniel Wendler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction of $566,600.00. Following the transaction, the chief accounting officer directly owned 37,619 shares in the company, valued at approximately $2,131,492.54. The trade was a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kwang Hooi Tan sold 12,500 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total transaction of $628,125.00. Following the transaction, the chief operating officer owned 263,636 shares in the company, valued at approximately $13,247,709. This trade represents a 4.53% 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 valued at $4,923,667 over the last quarter. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FLEX shares. KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Flex in a research note on Saturday, September 27th. Wall Street Zen raised shares of Flex from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 26th. The Goldman Sachs Group set a $66.00 target price on shares of Flex in a research note on Monday, September 29th. Finally, KeyCorp lifted their price target on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, July 2nd. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and an average price target of $57.29.

Flex Trading Down 0.1%

NASDAQ:FLEX opened at $57.25 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a 50-day moving average of $54.16 and a 200-day moving average of $45.81. The company has a market cap of $21.49 billion, a PE ratio of 25.11, a PEG ratio of 1.95 and a beta of 1.15. Flex Ltd. has a one year low of $25.11 and a one year high of $59.76.

Flex (NASDAQ:FLEX) last posted its earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, topping 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%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $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, equities research analysts expect that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Flex Company Profile

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.