Flex Ltd. $FLEX Position Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,881 shares of the technology company’s stock after acquiring an additional 2,561 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Flex were worth $1,691,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FLEX. Jump Financial LLC bought a new position in shares of Flex in the 1st quarter worth about $2,882,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Flex by 7,157.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company’s stock worth $2,290,000 after buying an additional 68,065 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Flex by 20.9% in the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company’s stock worth $229,000 after buying an additional 1,200 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Flex in the 1st quarter worth about $258,000. Finally, American Century Companies Inc. lifted its position in shares of Flex by 42.2% in the 1st quarter. American Century Companies Inc. now owns 986,492 shares of the technology company’s stock worth $32,633,000 after buying an additional 292,646 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FLEX has been the topic of a number of recent research reports. Barclays raised their price target on shares of Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Bank of America raised their price target on shares of Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Flex in a research 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 company’s stock. According to MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.71.

Flex Trading Up 2.9%

Shares of NASDAQ:FLEX opened at $66.10 on Thursday. The company has a market cap of $24.81 billion, a PE ratio of 28.99, a P/E/G ratio of 2.09 and a beta of 1.15. The company’s 50-day moving average price is $57.99 and its 200 day moving average price is $49.30. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $67.00. 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 (NASDAQ:FLEX) last released its earnings results on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.70 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. Flex’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Sell-side analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Activity

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $64.88, for a total transaction of $811,000.00. Following the transaction, the chief operating officer owned 251,136 shares of the company’s stock, valued at approximately $16,293,703.68. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the transaction, the director directly owned 17,012 shares in the company, valued at approximately $875,607.64. The trade was a 37.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 105,020 shares of company stock worth $6,070,442 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

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.