Alight Capital Management LP Reduces Position in Flex Ltd. $FLEX

Alight Capital Management LP lowered its position in shares of Flex Ltd. (NASDAQ:FLEX) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the technology company’s stock after selling 11,700 shares during the period. Flex comprises about 1.3% of Alight Capital Management LP’s investment portfolio, making the stock its 29th biggest holding. Alight Capital Management LP’s holdings in Flex were worth $5,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Flex during the 2nd quarter valued at approximately $291,362,000. State Street Corp boosted 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. Geode Capital Management LLC boosted its holdings in Flex by 52.1% in the second quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock valued at $358,500,000 after acquiring an additional 2,459,511 shares in the last quarter. Pacer Advisors Inc. increased its position in Flex by 5,973.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock valued at $79,132,000 after purchasing an additional 1,342,569 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Flex by 80.9% during 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. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Trading Up 0.2%

NASDAQ:FLEX opened at $63.44 on Friday. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.55 and a beta of 1.24. 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 company’s 50 day moving average price is $63.72 and its 200-day moving average price is $61.52. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $72.22.

Flex (NASDAQ:FLEX) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FLEX shares. Zacks Research cut shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Robert W. Baird initiated coverage on Flex in a report on Thursday. They set an “outperform” rating and a $70.00 target price on the stock. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Finally, Barclays upped their price target on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Flex presently has an average rating of “Moderate Buy” and a consensus target price 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.