Arizona State Retirement System Sells 7,604 Shares of Flex Ltd. $FLEX

Arizona State Retirement System reduced its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,603 shares of the technology company’s stock after selling 7,604 shares during the quarter. Arizona State Retirement System’s holdings in Flex were worth $6,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC bought a new stake in shares of Flex during the 4th quarter worth approximately $260,000. Goldman Sachs Group Inc. raised its position in Flex by 19.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after purchasing an additional 211,046 shares in the last quarter. Empowered Funds LLC bought a new stake in Flex during the first quarter worth $397,000. EverSource Wealth Advisors LLC lifted its stake in Flex by 63.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,031 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Flex by 92.4% in the 2nd quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock valued at $3,099,000 after purchasing an additional 29,821 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FLEX shares. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Barclays raised their price objective on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Robert W. Baird initiated coverage on Flex in a research note on Thursday, March 12th. They set an “outperform” rating and a $70.00 target price for the company. Finally, Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.30.

Flex Price Performance

Shares of FLEX opened at $91.41 on Monday. Flex Ltd. has a 12-month low of $33.35 and a 12-month high of $91.91. The business has a 50-day simple moving average of $69.04 and a two-hundred day simple moving average of $64.91. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The stock has a market cap of $33.61 billion, a PE ratio of 40.99, a PEG ratio of 1.97 and a beta of 1.22.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $7.06 billion for 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 business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm 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. Analysts anticipate that Flex Ltd. will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were 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. The trade was a 6.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by corporate insiders.

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.