37,974 Shares in Flex Ltd. $FLEX Bought by Strs Ohio

Strs Ohio bought a new position in Flex Ltd. (NASDAQ:FLEX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 37,974 shares of the technology company’s stock, valued at approximately $1,896,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank boosted its holdings in shares of Flex by 13.5% in the 2nd quarter. Amalgamated Bank now owns 176,269 shares of the technology company’s stock worth $8,799,000 after purchasing an additional 20,910 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Flex by 0.4% in the second quarter. Retirement Systems of Alabama now owns 468,238 shares of the technology company’s stock worth $23,374,000 after buying an additional 1,955 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Flex by 5.4% in the 2nd quarter. Assetmark Inc. now owns 22,068 shares of the technology company’s stock valued at $1,102,000 after purchasing an additional 1,133 shares in the last quarter. HBK Sorce Advisory LLC purchased a new stake in shares of Flex in the 2nd quarter valued at $287,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Flex by 6,957.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,458 shares of the technology company’s stock valued at $173,000 after purchasing an additional 3,409 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Flex news, Director William D. Watkins sold 10,000 shares of Flex 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 in the company, valued at approximately $5,767,075.45. The trade was 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, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction dated Wednesday, September 10th. The stock was 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 directly owned 37,619 shares of the company’s stock, valued at approximately $2,131,492.54. This represents a 21.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 105,020 shares of company stock valued at $6,070,442. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FLEX has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price objective on Flex from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Argus set a $85.00 price target on shares of Flex in a research report on Friday. KeyCorp increased their target price on shares of Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Stifel Nicolaus increased their target price on shares of Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Flex presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.86.

Flex Stock Performance

Shares of FLEX opened at $61.81 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83. Flex Ltd. has a one year low of $25.11 and a one year high of $67.00. The company has a 50-day simple moving average of $58.88 and a two-hundred day simple moving average of $50.33. The firm has a market capitalization of $22.86 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.70 billion. Flex had a return on equity of 20.86% and a net margin of 3.33%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business 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. On average, analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

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.