Flex Ltd. $FLEX Holdings Reduced by S&T Bank PA

S&T Bank PA lessened its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 8.7% in the 2nd quarter, Holdings Channel reports. The firm owned 231,007 shares of the technology company’s stock after selling 22,055 shares during the period. Flex makes up 3.5% of S&T Bank PA’s investment portfolio, making the stock its 2nd largest holding. S&T Bank PA’s holdings in Flex were worth $11,532,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Flex in the 4th quarter valued at about $260,000. GAMMA Investing LLC increased its position in shares of Flex by 231.2% during the first 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 during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Flex by 19.7% in the first quarter. OneDigital Investment Advisors LLC now owns 12,727 shares of the technology company’s stock valued at $421,000 after purchasing an additional 2,093 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Flex by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,034,018 shares of the technology company’s stock worth $67,285,000 after buying an additional 76,541 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Flex by 11.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,365,636 shares of the technology company’s stock valued at $45,175,000 after acquiring an additional 139,104 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Shares of Flex stock opened at $63.31 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60. The firm has a market cap of $23.41 billion, a PE ratio of 28.01, a P/E/G ratio of 1.73 and a beta of 1.24. The business has a 50-day moving average price of $59.28 and a 200 day moving average price of $50.52. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $67.00.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Flex had a net margin of 3.33% and a return on equity of 20.86%. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. 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 predict that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. 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. Argus set a $85.00 target price on Flex in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research raised shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $71.86.

Insider Activity

In related news, insider Michael P. Hartung sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $62.26, for a total transaction of $933,900.00. Following the completion of the sale, the insider owned 226,198 shares of the company’s stock, valued at approximately $14,083,087.48. This represents a 6.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $64.88, for a total transaction of $811,000.00. Following the completion of the sale, the chief operating officer owned 251,136 shares of the company’s stock, valued at approximately $16,293,703.68. The trade was a 4.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 120,020 shares of company stock valued at $7,004,342 in the last three months. Company insiders own 0.57% of the company’s stock.

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.