D.A. Davidson & CO. Takes $489,000 Position in Flex Ltd. $FLEX

D.A. Davidson & CO. acquired a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,797 shares of the technology company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also modified their holdings of FLEX. Invesco Ltd. increased its position in shares of 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 during the period. Pacer Advisors Inc. grew its position in Flex by 3,794.6% in the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock valued at $95,936,000 after acquiring an additional 2,825,667 shares during the period. Alyeska Investment Group L.P. grew its position in Flex by 73.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company’s stock valued at $91,888,000 after acquiring an additional 1,177,970 shares during the period. Wellington Management Group LLP grew its position in Flex by 4.8% in 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 acquiring an additional 996,276 shares during the period. Finally, Voya Investment Management LLC grew its position in Flex by 16.7% in 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 acquiring an additional 690,611 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Flex Trading Up 2.9%

Shares of FLEX opened at $66.10 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $67.00. The firm has a market capitalization of $24.81 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The stock’s fifty day simple moving average is $57.99 and its 200-day simple moving average is $49.30.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. As a group, research analysts predict that Flex Ltd. will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLEX has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, July 25th. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. The Goldman Sachs Group set a $66.00 target price on Flex in a report on Monday, September 29th. Finally, Barclays increased their target price on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Flex presently has an average rating of “Moderate Buy” and an average target price of $59.71.

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $64.88, for a total transaction of $811,000.00. Following the completion of the transaction, the chief operating officer directly owned 251,136 shares in the company, valued at approximately $16,293,703.68. This trade represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total value of $2,571,300.00. Following the transaction, the insider owned 256,198 shares of the company’s stock, valued at approximately $14,639,153.72. The trade was a 14.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 105,020 shares of company stock valued at $6,070,442 in the last 90 days. 0.57% of the stock is currently owned by corporate 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.