Caprock Group LLC Makes New $703,000 Investment in Flex Ltd. $FLEX

Caprock Group LLC purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,120 shares of the technology company’s stock, valued at approximately $703,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Flex in the 4th quarter worth $260,000. Goldman Sachs Group Inc. lifted its holdings in shares of Flex by 19.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after purchasing an additional 211,046 shares during the period. Empowered Funds LLC purchased a new stake in Flex in the first quarter valued at approximately $397,000. Concurrent Investment Advisors LLC acquired a new position in Flex in the 2nd quarter worth approximately $251,000. Finally, CWM LLC raised its position in Flex by 258.7% during 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 last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Flex

In other news, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total transaction of $719,700.00. Following the sale, the chief accounting officer owned 27,619 shares of the company’s stock, valued at approximately $1,987,739.43. This represents a 26.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer directly 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 71,406 shares of company stock valued at $4,262,489. Insiders own 0.57% of the company’s stock.

Flex Stock Up 2.6%

NASDAQ FLEX opened at $64.24 on Tuesday. The business has a fifty day moving average price of $64.14 and a 200 day moving average price of $59.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The company has a market cap of $23.62 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.57 and a beta of 1.24. Flex Ltd. has a one year low of $25.11 and a one year high of $72.22.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company 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. Research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLEX has been the topic of a number of research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price objective on shares of Flex in a research note on Wednesday, November 12th. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Raymond James Financial set a $80.00 price objective on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays lifted their price target on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, KeyCorp upped their price objective on Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.78.

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.