Flex Ltd. $FLEX Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd cut its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 8.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,303 shares of the technology company’s stock after selling 1,218 shares during the period. Bayforest Capital Ltd’s holdings in Flex were worth $664,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jump Financial LLC acquired a new stake in shares of Flex during the 1st quarter valued at about $2,882,000. Sowell Financial Services LLC acquired a new stake in Flex in the 1st quarter worth about $246,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Flex by 7,157.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company’s stock worth $2,290,000 after buying an additional 68,065 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Flex by 7.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company’s stock worth $3,563,000 after buying an additional 7,637 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in Flex by 20.9% in the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company’s stock worth $229,000 after buying an additional 1,200 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FLEX. Barclays boosted their target price on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a report on Wednesday, October 8th. Bank of America boosted their target price on Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. The Goldman Sachs Group set a $66.00 target price on Flex in a report on Monday, September 29th. Finally, Stifel Nicolaus lifted their price target on shares of Flex from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.71.

Flex Stock Up 4.0%

Shares of NASDAQ FLEX opened at $58.83 on Tuesday. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.84 and a beta of 1.15. 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 52-week low of $25.11 and a 52-week high of $60.05. The business’s 50 day moving average is $54.83 and its two-hundred day moving average is $46.53.

Flex (NASDAQ:FLEX) last announced its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. The company 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Research analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Insiders Place Their Bets

In other Flex news, CAO Daniel Wendler sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total value of $566,600.00. Following the completion of the transaction, the chief accounting officer owned 37,619 shares in the company, valued at $2,131,492.54. The trade was a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William D. Watkins sold 10,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the transaction, the director owned 111,355 shares of the company’s stock, valued at approximately $5,767,075.45. This trade represents a 8.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,020 shares of company stock valued at $4,923,667. Corporate insiders own 0.57% of the company’s stock.

Flex 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.