Beacon Harbor Wealth Advisors Inc. Makes New $6.02 Million Investment in Flex Ltd. $FLEX

Beacon Harbor Wealth Advisors Inc. acquired a new position in Flex Ltd. (NASDAQ:FLEX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 99,690 shares of the technology company’s stock, valued at approximately $6,023,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management raised its holdings in Flex by 28.3% in the fourth quarter. Ritholtz Wealth Management now owns 23,626 shares of the technology company’s stock worth $1,427,000 after purchasing an additional 5,206 shares in the last quarter. Aberdeen Group plc raised its holdings in Flex by 1.6% in the fourth quarter. Aberdeen Group plc now owns 340,685 shares of the technology company’s stock worth $20,584,000 after purchasing an additional 5,498 shares in the last quarter. Banque Pictet & Cie SA bought a new position in Flex in the fourth quarter worth $268,000. RHS Financial LLC bought a new position in Flex in the fourth quarter worth $222,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Flex by 103.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,623 shares of the technology company’s stock worth $581,000 after purchasing an additional 4,886 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Shares of NASDAQ:FLEX opened at $76.74 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. Flex Ltd. has a 1-year low of $28.62 and a 1-year high of $77.07. The company has a market capitalization of $28.21 billion, a PE ratio of 34.41, a PEG ratio of 1.67 and a beta of 1.22. The business has a fifty day moving average price of $65.12 and a 200-day moving average price of $63.07.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating 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 company had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same period last year, the firm posted $0.77 earnings per share. Flex’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. As a group, equities analysts expect that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the sale, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FLEX. Raymond James Financial set a $80.00 price target on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Robert W. Baird began coverage on Flex in a report on Thursday, March 12th. They set an “outperform” rating and a $70.00 price target for the company. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.10.

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.