DNB Asset Management AS Raises Position in Flex Ltd. $FLEX

DNB Asset Management AS lifted its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 718.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,609 shares of the technology company’s stock after buying an additional 33,013 shares during the period. DNB Asset Management AS’s holdings in Flex were worth $2,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fulton Bank N.A. boosted its holdings 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 acquiring an additional 167 shares during the last quarter. Diversified Trust Co boosted its holdings in Flex by 2.4% during the third quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock worth $446,000 after purchasing an additional 179 shares during the last quarter. US Bancorp DE grew its position in Flex by 1.2% in the 3rd quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock worth $1,144,000 after purchasing an additional 225 shares in the last quarter. Modera Wealth Management LLC increased its stake in Flex by 3.4% in the 3rd quarter. Modera Wealth Management LLC now owns 7,011 shares of the technology company’s stock valued at $406,000 after buying an additional 231 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Flex by 7.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,594 shares of the technology company’s stock worth $208,000 after buying an additional 248 shares in the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Flex news, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer directly 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 SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

FLEX has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 price target on shares of Flex in a report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.78.

Flex Stock Down 3.7%

FLEX opened at $63.08 on Wednesday. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22. The company has a market cap of $23.19 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. 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 has a 50 day moving average of $63.72 and a 200 day moving average of $60.95.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, sell-side analysts expect that Flex Ltd. will post 2.33 EPS for the current year.

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.