Flex Ltd. $FLEX Shares Acquired by Avanza Fonder AB

Avanza Fonder AB increased its position in Flex Ltd. (NASDAQ:FLEX) by 13.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,704 shares of the technology company’s stock after acquiring an additional 2,280 shares during the period. Avanza Fonder AB’s holdings in Flex were worth $934,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Flex by 4.8% in 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 buying an additional 996,276 shares during the period. Invesco Ltd. lifted its holdings in shares of Flex by 55.0% in the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after buying an additional 2,968,285 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Flex by 16.7% in 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 buying an additional 690,611 shares during the period. Earnest Partners LLC lifted 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction that occurred on 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 owned 263,636 shares in the company, valued at $13,247,709. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.79, for a total value of $517,900.00. Following the sale, the director owned 111,355 shares of the company’s stock, valued at approximately $5,767,075.45. The trade was a 8.24% decrease in their position. 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 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FLEX shares. Barclays upped their target price on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Bank of America upped their target price on Flex from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Stifel Nicolaus upped their target price on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Flex in a report on Friday, July 11th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.71.

Flex Stock Performance

Shares of NASDAQ FLEX opened at $59.01 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 2.00 and a beta of 1.12. The business’s 50-day simple moving average is $52.93 and its 200-day simple moving average is $44.14. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $59.20.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. 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 expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal 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.