Cibc World Market Inc. Purchases 15,629 Shares of Flex Ltd. $FLEX

Cibc World Market Inc. raised its position in shares of Flex Ltd. (NASDAQ:FLEX) by 224.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,578 shares of the technology company’s stock after purchasing an additional 15,629 shares during the period. Cibc World Market Inc.’s holdings in Flex were worth $1,309,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FLEX. MTM Investment Management LLC acquired a new position in shares of Flex during the 2nd quarter worth $26,000. CNB Bank acquired a new position in Flex during the second quarter worth about $30,000. Harbour Investments Inc. lifted its holdings in shares of Flex by 74.7% in the second quarter. Harbour Investments Inc. now owns 704 shares of the technology company’s stock worth $35,000 after acquiring an additional 301 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Flex by 404.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $35,000 after purchasing an additional 566 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Flex by 45.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the technology company’s stock valued at $57,000 after purchasing an additional 355 shares during the last quarter. Institutional investors and hedge funds 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 on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the sale, the chief financial officer owned 143,803 shares in the company, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William D. Watkins sold 20,000 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $54.52, for a total transaction 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,406 shares of company stock worth $4,262,489 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Flex Stock Up 2.6%

Flex stock opened at $64.24 on Tuesday. The firm has a 50 day moving average price of $64.14 and a two-hundred 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. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $72.22. The firm 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 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 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%. Flex’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FLEX. The Goldman Sachs Group increased their price objective on shares of Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. increased their price target on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Jefferies Financial Group restated a “hold” rating and set a $23.00 price objective on shares of Flex in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Flex has an average rating of “Moderate Buy” and a consensus price target of $66.78.

Flex Profile

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.