Atria Wealth Solutions Inc. Takes Position in Flex Ltd. $FLEX

Atria Wealth Solutions Inc. bought a new stake in shares of Flex Ltd. (NASDAQ:FLEX) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,787 shares of the technology company’s stock, valued at approximately $650,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners purchased a new position in shares of Flex during the 2nd quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in shares of Flex during the 1st quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Flex during the 1st quarter valued at approximately $26,000. Olde Wealth Management LLC purchased a new position in shares of Flex during the 1st quarter valued at approximately $26,000. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Flex by 39.4% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company’s stock valued at $43,000 after buying an additional 244 shares during the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FLEX shares. JPMorgan Chase & Co. raised their price objective on Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a research note on Wednesday, October 8th. Bank of America raised their price objective on Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. KeyCorp raised their price objective on Flex from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, Stifel Nicolaus raised their price objective on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Eight investment 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 currently has an average rating of “Moderate Buy” and an average target price of $59.71.

Flex Stock Performance

FLEX stock opened at $62.14 on Friday. 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 stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.02 and a beta of 1.15. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $64.29. The stock’s fifty day moving average is $55.79 and its two-hundred day moving average is $47.24.

Flex (NASDAQ:FLEX) last posted 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 analysts’ expectations 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 period last year, the business posted $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. On average, research analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Insider Buying and Selling

In other news, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the firm’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 transaction, the chief accounting officer directly owned 37,619 shares in the company, valued at $2,131,492.54. This trade represents a 21.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,020 shares of company stock valued at $4,923,667 in the last three months. 0.57% of the stock is owned by corporate insiders.

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.