Flex Ltd. $FLEX Shares Bought by South Dakota Investment Council

South Dakota Investment Council grew its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 718.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,989 shares of the technology company’s stock after acquiring an additional 78,988 shares during the period. South Dakota Investment Council’s holdings in Flex were worth $4,492,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FLEX. Brighton Jones LLC acquired a new position in Flex during the 4th quarter worth $260,000. GAMMA Investing LLC grew its holdings in Flex by 231.2% during the 1st quarter. GAMMA Investing LLC now owns 1,636 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,142 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of 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. OneDigital Investment Advisors LLC lifted its position in shares of Flex by 19.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 12,727 shares of the technology company’s stock worth $421,000 after buying an additional 2,093 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of Flex in the 1st quarter worth about $26,000. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Trading Up 2.2%

Shares of NASDAQ:FLEX opened at $63.90 on Tuesday. The company has a market cap of $23.98 billion, a PE ratio of 28.27, a P/E/G ratio of 1.79 and a beta of 1.24. The company’s 50-day moving average price is $58.72 and its 200 day moving average price is $50.11. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $67.00. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.70 billion. Flex had a net margin of 3.33% and a return on equity of 20.86%. Flex’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Sell-side analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

FLEX has been the topic of a number of recent research reports. KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. The Goldman Sachs Group raised their price target on shares of Flex from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen upgraded shares of Flex from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Argus set a $85.00 price target on shares of Flex in a research report on Friday. Finally, KeyCorp lifted their price objective on shares of Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and a consensus target price of $71.86.

Insider Activity

In other news, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $64.88, for a total value of $811,000.00. Following the transaction, the chief operating officer owned 251,136 shares of the company’s stock, valued at $16,293,703.68. The trade was a 4.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Erin Mcsweeney sold 10,000 shares of Flex stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the transaction, the director directly owned 17,012 shares in the company, valued at $875,607.64. This represents a 37.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 105,020 shares of company stock worth $6,070,442 in the last 90 days. 0.57% of the stock is currently 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.