Becker Capital Management Inc. Has $34.27 Million Stock Position in Flex Ltd. $FLEX

Becker Capital Management Inc. cut its holdings in Flex Ltd. (NASDAQ:FLEX) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 591,081 shares of the technology company’s stock after selling 10,747 shares during the period. Becker Capital Management Inc. owned about 0.16% of Flex worth $34,265,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FLEX. Fulton Bank N.A. lifted its position in Flex by 0.3% during the 3rd quarter. Fulton Bank N.A. now owns 49,904 shares of the technology company’s stock worth $2,893,000 after buying an additional 167 shares in the last quarter. Diversified Trust Co increased its position in shares of Flex by 2.4% in the third quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock valued at $446,000 after acquiring an additional 179 shares during the last quarter. US Bancorp DE raised its holdings in Flex by 1.2% during the third quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock worth $1,144,000 after acquiring an additional 225 shares in the last quarter. Modera Wealth Management LLC boosted its position in Flex by 3.4% during the third quarter. Modera Wealth Management LLC now owns 7,011 shares of the technology company’s stock valued at $406,000 after purchasing an additional 231 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in Flex by 7.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 3,594 shares of the technology company’s stock valued at $208,000 after purchasing an additional 248 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Wall Street Analysts Forecast Growth

FLEX has been the subject of several recent analyst reports. 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. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price target on shares of Flex in a research note on Wednesday, November 12th. Barclays boosted their price objective on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. The Goldman Sachs Group raised their target price 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. Finally, Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and an average price target of $66.78.

Insider Activity

In other Flex news, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the transaction, the chief accounting officer directly owned 27,619 shares in the company, valued at $1,987,739.43. This represents a 26.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Flex Trading Down 0.3%

Shares of NASDAQ:FLEX opened at $63.02 on Monday. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $72.22. The business has a 50 day moving average of $63.70 and a 200-day moving average of $60.74. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The stock has a market cap of $23.17 billion, a PE ratio of 28.26, a P/E/G ratio of 1.54 and a beta of 1.24.

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

Flex Company 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.