Trust Co. of Toledo NA OH Makes New Investment in Flex Ltd. $FLEX

Trust Co. of Toledo NA OH acquired a new stake in Flex Ltd. (NASDAQ:FLEX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,139 shares of the technology company’s stock, valued at approximately $57,000.

Several other institutional investors have also recently added to or reduced their stakes in FLEX. Inspire Investing LLC acquired a new stake in shares of Flex during the 2nd quarter worth approximately $925,000. Aberdeen Group plc grew its holdings in Flex by 5.7% in the second quarter. Aberdeen Group plc now owns 339,270 shares of the technology company’s stock worth $16,936,000 after purchasing an additional 18,382 shares during the period. Blue Trust Inc. increased its stake in Flex by 24.2% in the second quarter. Blue Trust Inc. now owns 6,236 shares of the technology company’s stock valued at $311,000 after purchasing an additional 1,217 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Flex during the second quarter valued at about $827,000. Finally, Blair William & Co. IL boosted its position in shares of Flex by 72.9% during the 2nd quarter. Blair William & Co. IL now owns 22,378 shares of the technology company’s stock worth $1,117,000 after purchasing an additional 9,435 shares in the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Trading Down 5.1%

Shares of FLEX stock opened at $56.59 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.84 and a beta of 1.15. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $60.05. The company has a 50-day simple moving average of $54.67 and a two-hundred day simple moving average of $46.35.

Flex (NASDAQ:FLEX) last announced its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. The firm had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FLEX has been the subject of a number of research analyst reports. KeyCorp boosted their target price on Flex from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday. Barclays raised their price objective on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Stifel Nicolaus increased their target price on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.71.

Insider Activity

In other news, insider Michael P. Hartung sold 45,000 shares of Flex stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the sale, the insider directly owned 256,198 shares in the company, valued at $14,639,153.72. The trade was a 14.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the transaction, the director directly owned 111,355 shares in the company, valued at $5,767,075.45. This trade represents a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is owned by insiders.

Flex 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.