Flex Ltd. $FLEX Shares Sold by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC lowered its holdings in Flex Ltd. (NASDAQ:FLEX) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,019 shares of the technology company’s stock after selling 12,729 shares during the period. Flex comprises 2.3% of Figure 8 Investment Strategies LLC’s portfolio, making the stock its 13th largest position. Figure 8 Investment Strategies LLC’s holdings in Flex were worth $2,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp raised its holdings in Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after acquiring an additional 3,377,669 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in Flex by 118.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company’s stock worth $162,968,000 after acquiring an additional 1,522,308 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Flex by 5,973.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock worth $79,132,000 after purchasing an additional 1,342,569 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Flex by 80.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock valued at $153,374,000 after purchasing an additional 1,183,464 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in shares of Flex during the third quarter worth about $56,270,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This trade represents a 6.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction that occurred 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 $8,805,057.69. The trade was a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FLEX has been the subject of several research analyst reports. Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Robert W. Baird initiated coverage on Flex in a report on Thursday, March 12th. They set an “outperform” rating and a $70.00 target price on the stock. The Goldman Sachs Group boosted 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. Raymond James Financial set a $80.00 price target on Flex and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.10.

Flex Stock Performance

Shares of NASDAQ FLEX opened at $68.59 on Monday. 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 $25.22 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.22. 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 stock’s 50 day simple moving average is $64.38 and its 200 day simple moving average is $62.63.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data 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 return on equity of 20.99% and a net margin of 3.17%.The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. 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 research analysts expect that Flex Ltd. will post 2.33 EPS for the current 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.