Graphene Investments SAS Has $3.37 Million Stock Holdings in Flex Ltd. $FLEX

Graphene Investments SAS decreased its position in shares of Flex Ltd. (NASDAQ:FLEX) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,500 shares of the technology company’s stock after selling 4,100 shares during the quarter. Flex makes up 2.2% of Graphene Investments SAS’s holdings, making the stock its 10th largest holding. Graphene Investments SAS’s holdings in Flex were worth $3,370,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FLEX. Invesco Ltd. increased its position in Flex by 55.0% during the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after purchasing an additional 2,968,285 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Flex by 3,794.6% during the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock valued at $95,936,000 after purchasing an additional 2,825,667 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Flex by 73.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company’s stock valued at $91,888,000 after buying an additional 1,177,970 shares during the period. Wellington Management Group LLP raised its stake in Flex by 4.8% in the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock worth $719,232,000 after buying an additional 996,276 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Flex by 44.0% during the second quarter. Bank of New York Mellon Corp now owns 2,928,808 shares of the technology company’s stock worth $146,206,000 after buying an additional 894,790 shares during the period. 94.30% of the stock is owned by hedge funds and other institutional investors.

Flex Stock Performance

Shares of Flex stock opened at $65.26 on Thursday. The company has a 50 day moving average price of $59.11 and a 200 day moving average price of $50.43. The firm has a market capitalization of $24.13 billion, a P/E ratio of 28.88, a PEG ratio of 1.64 and a beta of 1.24. 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 Ltd. has a 52 week low of $25.11 and a 52 week high of $67.00.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The company 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 revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 expect that Flex Ltd. will post 2.33 EPS for the current year.

Insider Buying and Selling

In related news, Director Erin Mcsweeney sold 10,000 shares of Flex stock in a transaction dated 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 sale, the director owned 17,012 shares of the company’s stock, valued at $875,607.64. The trade was a 37.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kwang Hooi Tan sold 12,500 shares of the company’s 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 completion of the sale, the chief operating officer owned 251,136 shares in the company, valued at approximately $16,293,703.68. This represents a 4.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,020 shares of company stock worth $7,004,342 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FLEX. Wall Street Zen upgraded Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Stifel Nicolaus lifted their target price on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, July 25th. The Goldman Sachs Group increased their price target on shares of Flex from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Barclays boosted their price objective on shares of Flex from $60.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Argus set a $85.00 target price on shares of Flex in a research note on Friday, October 31st. Seven 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.86.

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.