DekaBank Deutsche Girozentrale Sells 46,604 Shares of Flex Ltd. $FLEX

DekaBank Deutsche Girozentrale reduced its position in Flex Ltd. (NASDAQ:FLEX) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,067,652 shares of the technology company’s stock after selling 46,604 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Flex were worth $53,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rise Advisors LLC bought a new position in shares of Flex in the first quarter worth about $25,000. Olde Wealth Management LLC acquired a new stake in Flex in the first quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new position in shares of Flex during the first quarter worth about $26,000. Concord Wealth Partners bought a new stake in shares of Flex in the 2nd quarter valued at $28,000. Finally, Harbour Investments Inc. raised its position in shares of Flex by 74.7% in the 2nd quarter. Harbour Investments Inc. now owns 704 shares of the technology company’s stock worth $35,000 after acquiring an additional 301 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors.

Flex Stock Performance

NASDAQ:FLEX opened at $62.32 on Wednesday. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $64.29. The stock has a market cap of $23.39 billion, a P/E ratio of 27.33, a PEG ratio of 2.04 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. The business’s 50-day moving average price is $56.25 and its two-hundred day moving average price is $47.72.

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

Insider Activity

In other news, Director William D. Watkins 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 $51.79, for a total transaction of $517,900.00. Following the transaction, the director directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction that occurred on Monday, July 28th. The stock was 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 in the company, valued at $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on FLEX shares. The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a research note on Monday, September 29th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. JPMorgan Chase & Co. increased their price objective on shares of Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Flex has an average rating of “Moderate Buy” and an average price target of $59.71.

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.