Flex Ltd. $FLEX Position Increased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Flex Ltd. (NASDAQ:FLEX) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,354,846 shares of the technology company’s stock after buying an additional 117,460 shares during the quarter. American Century Companies Inc. owned 0.37% of Flex worth $78,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Flex in the 3rd quarter worth $4,262,000. Accredited Wealth Management LLC boosted its position in shares of Flex by 435.2% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,750 shares of the technology company’s stock valued at $101,000 after purchasing an additional 1,423 shares during the period. Xponance Inc. boosted its position in shares of Flex by 1.0% in the 3rd quarter. Xponance Inc. now owns 43,948 shares of the technology company’s stock valued at $2,548,000 after purchasing an additional 441 shares during the period. DNB Asset Management AS raised its holdings in Flex by 718.3% during the 3rd quarter. DNB Asset Management AS now owns 37,609 shares of the technology company’s stock worth $2,180,000 after buying an additional 33,013 shares during the period. Finally, Advisor OS LLC boosted its holdings in shares of Flex by 30.8% in the third quarter. Advisor OS LLC now owns 30,286 shares of the technology company’s stock worth $1,756,000 after buying an additional 7,136 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling

In other news, CFO Kevin Krumm sold 21,406 shares of the firm’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 transaction, the chief financial officer owned 143,803 shares in the company, valued at approximately $8,805,057.69. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Daniel Wendler sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer owned 27,619 shares of the company’s stock, valued at $1,987,739.43. This represents a 26.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial set a $80.00 price target on shares of Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Flex from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. The Goldman Sachs Group lifted their price target on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, Barclays upped 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. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.78.

Flex Stock Performance

Shares of FLEX stock opened at $63.08 on Wednesday. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The stock’s 50-day moving average is $63.72 and its two-hundred day moving average is $60.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. The firm has a market cap of $23.19 billion, a P/E ratio of 28.29, a PEG ratio of 1.60 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $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. Analysts predict 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.