Alyeska Investment Group L.P. Has $91.89 Million Holdings in Flex Ltd. $FLEX

Alyeska Investment Group L.P. raised its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 73.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,777,753 shares of the technology company’s stock after purchasing an additional 1,177,970 shares during the period. Alyeska Investment Group L.P. owned 0.73% of Flex worth $91,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of Flex by 4.8% in the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock valued at $719,232,000 after acquiring an additional 996,276 shares during the period. Invesco Ltd. raised its position in shares of Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after acquiring an additional 2,968,285 shares during the period. Earnest Partners LLC increased its stake in Flex by 3.2% during the 1st quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock worth $136,326,000 after purchasing an additional 128,464 shares in the last quarter. Pacer Advisors Inc. increased its stake in Flex by 3,794.6% during the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock worth $95,936,000 after purchasing an additional 2,825,667 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Flex by 22.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,681,792 shares of the technology company’s stock worth $102,954,000 after purchasing an additional 497,307 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the completion of the transaction, the chief operating officer directly owned 263,636 shares of the company’s stock, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Revathi Advaithi sold 181,028 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $42.91, for a total transaction of $7,767,911.48. Following the completion of the transaction, the chief executive officer directly owned 1,463,695 shares of the company’s stock, valued at $62,807,152.45. This represents a 11.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 460,855 shares of company stock valued at $20,318,193 in the last ninety days. 0.57% of the stock is currently owned by insiders.

Flex Price Performance

Shares of FLEX opened at $53.65 on Wednesday. The stock has a market capitalization of $20.14 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.82 and a beta of 1.13. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $54.83. The company has a 50 day moving average of $51.23 and a 200-day moving average of $42.32. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the business earned $0.51 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. As a group, equities research analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FLEX. Barclays increased their target price on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Flex in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Flex presently has an average rating of “Moderate Buy” and an average price target of $53.71.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.