Flex Ltd. $FLEX Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. trimmed its position in shares of Flex Ltd. (NASDAQ:FLEX) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,270,413 shares of the technology company’s stock after selling 23,809 shares during the quarter. Flex accounts for 2.8% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 5th largest holding. Cookson Peirce & Co. Inc. owned 0.34% of Flex worth $63,419,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Flex during the 1st quarter worth approximately $25,000. Olde Wealth Management LLC purchased a new position in shares of Flex in the first quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Flex in the first quarter valued at $26,000. Concord Wealth Partners purchased a new position in shares of Flex in the second quarter valued at $28,000. Finally, Harbour Investments Inc. increased its holdings in shares of Flex by 74.7% in the second quarter. Harbour Investments Inc. now owns 704 shares of the technology company’s stock worth $35,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling at Flex

In other news, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction on Wednesday, September 10th. The stock was 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 approximately $2,131,492.54. This trade represents a 21.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael P. Hartung sold 45,000 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total value of $2,571,300.00. Following the completion of the transaction, the insider directly owned 256,198 shares of the company’s stock, valued at approximately $14,639,153.72. The trade was a 14.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,020 shares of company stock valued at $4,923,667. 0.57% of the stock is owned by company insiders.

Flex Price Performance

NASDAQ:FLEX opened at $62.32 on Wednesday. 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 simple moving average is $56.25 and its two-hundred day simple moving average is $47.72. The stock has a market cap of $23.39 billion, a PE ratio of 27.33, a P/E/G ratio of 2.04 and a beta of 1.15. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $64.29.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.09. The firm 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 business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

FLEX has been the topic of a number of research analyst reports. Bank of America increased their target price on Flex from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. increased their target price on shares of Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Flex in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.71.

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.