Waldron Private Wealth LLC Makes New Investment in Flex Ltd. $FLEX

Waldron Private Wealth LLC bought a new position in Flex Ltd. (NASDAQ:FLEX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,745 shares of the technology company’s stock, valued at approximately $649,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of Flex in the fourth quarter valued at about $28,000. Exchange Traded Concepts LLC bought a new position in Flex during the 4th quarter worth about $537,000. Pallas Capital Advisors LLC increased its position in Flex by 9.1% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,407 shares of the technology company’s stock valued at $387,000 after purchasing an additional 537 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Flex by 18.2% in the 4th quarter. DAVENPORT & Co LLC now owns 5,680 shares of the technology company’s stock valued at $343,000 after purchasing an additional 875 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in shares of Flex by 14.7% during the fourth quarter. Daymark Wealth Partners LLC now owns 36,100 shares of the technology company’s stock valued at $2,181,000 after purchasing an additional 4,628 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Flex stock opened at $64.80 on Monday. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $72.22. The business has a fifty day moving average price of $64.23 and a 200-day moving average price of $62.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.58 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced its earnings results 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. 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 analyst estimates of $6.84 billion. During the same period in the prior year, the company posted $0.77 EPS. The firm’s quarterly 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. Equities research analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity

In related news, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the transaction, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at $8,805,057.69. This trade represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FLEX. Robert W. Baird assumed coverage on shares of Flex in a research note on Thursday, March 12th. They issued an “outperform” rating and a $70.00 price objective for the company. Barclays upped their price objective on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Raymond James Financial set a $80.00 price target on shares of Flex and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, 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. Nine equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $67.10.

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.