Advisors Asset Management Inc. Has $2.25 Million Stock Position in Flex Ltd. $FLEX

Advisors Asset Management Inc. reduced its position in shares of Flex Ltd. (NASDAQ:FLEX) by 21.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,856 shares of the technology company’s stock after selling 10,811 shares during the period. Advisors Asset Management Inc.’s holdings in Flex were worth $2,252,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Flex in the fourth quarter valued at about $260,000. Goldman Sachs Group Inc. boosted its stake in Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after purchasing an additional 211,046 shares during the period. Empowered Funds LLC bought a new stake in Flex during the 1st quarter valued at approximately $397,000. Concurrent Investment Advisors LLC acquired a new stake in Flex in the 2nd quarter valued at approximately $251,000. Finally, CWM LLC increased its position in Flex by 258.7% in the 2nd quarter. CWM LLC now owns 4,595 shares of the technology company’s stock worth $229,000 after buying an additional 3,314 shares during the period. Institutional investors own 94.30% of the company’s stock.

Insiders Place Their Bets

In other Flex news, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the transaction, the chief financial officer owned 143,803 shares of the company’s stock, valued at $8,805,057.69. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Watkins sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $54.52, for a total value of $1,090,400.00. Following the completion of the sale, the director owned 98,073 shares in the company, valued at $5,346,939.96. This represents a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 71,406 shares of company stock worth $4,262,489. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FLEX. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. upped their price objective on shares of Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $23.00 price target on shares of Flex in a research note on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.78.

Flex Price Performance

Shares of FLEX opened at $64.24 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $64.21 and its 200 day simple moving average is $59.73. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $72.22. The company has a market cap of $23.62 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.57 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.