Redhawk Wealth Advisors Inc. Takes Position in Flex Ltd. $FLEX

Redhawk Wealth Advisors Inc. purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,859 shares of the technology company’s stock, valued at approximately $1,640,000.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in shares of Flex by 4.8% during the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock valued at $719,232,000 after purchasing an additional 996,276 shares during the period. Invesco Ltd. increased its holdings in shares of Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after purchasing an additional 2,968,285 shares during the period. Voya Investment Management LLC increased its holdings in shares of Flex by 16.7% during the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock valued at $159,243,000 after purchasing an additional 690,611 shares during the period. Earnest Partners LLC increased its holdings in shares of Flex by 3.2% during the first quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock valued at $136,326,000 after purchasing an additional 128,464 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Flex by 16.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company’s stock valued at $103,714,000 after purchasing an additional 453,455 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the sale, the chief operating officer directly owned 263,636 shares in the company, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the sale, the director owned 17,012 shares of the company’s stock, valued at $875,607.64. The trade was a 37.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,020 shares of company stock worth $4,923,667 over the last three months. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FLEX. Barclays raised their price target on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Flex in a research note on Friday, July 11th. KeyCorp raised their target price on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, July 2nd. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Stifel Nicolaus raised their target price on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.71.

Flex Trading Up 3.0%

NASDAQ:FLEX opened at $58.13 on Friday. 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 Ltd. has a 1-year low of $25.11 and a 1-year high of $58.60. The firm has a market capitalization of $21.82 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. The stock has a fifty day simple moving average of $52.66 and a 200 day simple moving average of $43.68.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Flex had a return on equity of 20.25% and a net margin of 3.42%.The business had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the company posted $0.51 EPS. Flex’s revenue for the quarter 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. Sell-side analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current year.

Flex Company Profile

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.