Fieldview Capital Management LLC Invests $2.60 Million in Flex Ltd. $FLEX

Fieldview Capital Management LLC purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 44,767 shares of the technology company’s stock, valued at approximately $2,595,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in shares of Flex by 17.7% in the third quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company’s stock worth $138,749,000 after acquiring an additional 360,553 shares during the period. Dynasty Wealth Management LLC lifted its holdings in Flex by 80.1% during the 3rd quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company’s stock worth $2,528,000 after purchasing an additional 19,388 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in Flex by 220.6% during the 3rd quarter. Sowell Financial Services LLC now owns 24,891 shares of the technology company’s stock worth $1,443,000 after purchasing an additional 17,128 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Flex in the 3rd quarter worth about $1,460,000. Finally, Ethic Inc. grew its holdings in Flex by 140.2% during the 3rd quarter. Ethic Inc. now owns 46,553 shares of the technology company’s stock valued at $2,699,000 after buying an additional 27,169 shares in the last quarter. 94.30% of the stock is owned by institutional investors.

Flex Price Performance

Shares of Flex stock opened at $59.91 on Monday. The firm has a market capitalization of $22.03 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.46 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. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22. The business’s 50-day moving average price is $63.65 and its 200-day moving average price is $61.22.

Flex (NASDAQ:FLEX) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter last year, the company earned $0.77 EPS. The firm’s revenue 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. Sell-side analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity at Flex

In related news, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction that occurred 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 owned 143,803 shares in the company, valued at $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction dated 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

FLEX has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. The Goldman Sachs Group raised their price target on shares of Flex from $67.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Jefferies Financial Group restated a “hold” rating and set a $23.00 price target on shares of Flex in a research report on Wednesday, November 12th. Finally, Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.78.

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.