Exchange Traded Concepts LLC Invests $537,000 in Flex Ltd. $FLEX

Exchange Traded Concepts LLC acquired a new position in Flex Ltd. (NASDAQ:FLEX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,885 shares of the technology company’s stock, valued at approximately $537,000.

Several other large investors have also recently bought and sold shares of FLEX. CENTRAL TRUST Co grew its position in Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after purchasing an additional 355 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Flex during the third quarter valued at about $52,000. Root Financial Partners LLC acquired a new position in shares of Flex during the third quarter valued at about $57,000. CI Investments Inc. lifted its stake in shares of Flex by 60.4% in the third quarter. CI Investments Inc. now owns 1,022 shares of the technology company’s stock valued at $59,000 after buying an additional 385 shares during the period. Finally, Rexford Capital Inc. acquired a new stake in Flex during the second quarter worth about $57,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Flex news, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction on Wednesday, January 7th. The stock was 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 owned 143,803 shares in the company, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares in the company, valued at $13,754,151.32. The trade was a 6.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by corporate insiders.

Flex Stock Performance

Shares of Flex stock 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 stock has a market capitalization of $25.22 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.22. The company has a 50-day simple moving average of $64.38 and a 200 day simple moving average of $62.63. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Robert W. Baird started coverage on Flex in a report on Thursday, March 12th. They set an “outperform” rating and a $70.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. The Goldman Sachs Group raised their target price on Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Barclays lifted their price target on shares of 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 issued a Hold rating to the company. According to MarketBeat, the company presently 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.