Flex Ltd. $FLEX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,738 shares of the technology company’s stock after selling 9,737 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Flex worth $84,334,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of Flex by 52.2% in the first quarter. Sei Investments Co. now owns 2,230,622 shares of the technology company’s stock valued at $146,016,000 after purchasing an additional 764,558 shares during the last quarter. KBC Group NV grew its position in Flex by 541.5% in the 1st quarter. KBC Group NV now owns 1,965,811 shares of the technology company’s stock worth $128,682,000 after purchasing an additional 1,659,384 shares in the last quarter. Amundi grew its position in Flex by 15.5% in the 1st quarter. Amundi now owns 1,494,418 shares of the technology company’s stock worth $97,825,000 after purchasing an additional 200,553 shares in the last quarter. Pacer Advisors Inc. increased its stake in Flex by 9.3% in the 1st quarter. Pacer Advisors Inc. now owns 1,294,132 shares of the technology company’s stock valued at $84,714,000 after buying an additional 109,992 shares during the last quarter. Finally, Swiss National Bank increased its stake in Flex by 5.9% in the 1st quarter. Swiss National Bank now owns 1,085,250 shares of the technology company’s stock valued at $71,040,000 after buying an additional 60,500 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex’s cloud and infrastructure (CPI) revenue rose 54%, with AI infrastructure demand cited as a key driver. Growth in power, acquisitions and expanding margins also support the company’s fiscal 2027 outlook. Flex’s CPI Sales Surge 54%: Can AI Infrastructure Sustain Gains?
• Positive Sentiment: The EPC Power acquisition may strengthen Flex’s position in AI data centers and add to its Axiom platform, potentially extending its growth opportunity in the sector. Can FLEX’s EPC Power Deal Deepen Its AI Data Center Growth Advantage?
• Negative Sentiment: Higher investment, rising debt and acquisition-integration risks could weigh on returns or limit the benefit of AI-related growth. The stock also reportedly fell after its fiscal second-quarter results, despite its strong longer-term growth narrative. Flex Stock Down Post Q2 Earnings: Should You Buy, Hold or Offload?

Flex Price Performance

NASDAQ FLEX opened at $88.10 on Wednesday. The company has a market cap of $32.55 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 0.39 and a beta of 1.80. Flex Ltd. has a 52 week low of $53.07 and a 52 week high of $166.86. The company has a quick ratio of 0.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.90. The firm’s 50-day simple moving average is $104.80 and its two-hundred day simple moving average is $103.06.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. The company had revenue of $8.49 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Flex had a net margin of 3.35% and a return on equity of 24.93%. Flex’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. Research analysts predict that Flex Ltd. will post 4.52 earnings per share for the current year.

Analysts Set New Price Targets

FLEX has been the topic of a number of recent analyst reports. Bank of America dropped their price target on Flex from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Wall Street Zen raised Flex from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. The Goldman Sachs Group lowered their target price on Flex from $154.00 to $145.00 in a research note on Friday, October 16th. Robert W. Baird cut their price target on shares of Flex from $142.00 to $135.00 in a report on Monday, October 19th. Finally, Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.78.

Insider Buying and Selling at Flex

In other news, insider Michael P. Hartung sold 2,755 shares of Flex stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the transaction, the insider directly owned 243,175 shares in the company, valued at approximately $29,336,632. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.62% of the company’s stock.

Flex Profile

Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.

Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.

The company was founded in 1969 as Flextronics and later adopted the name Flex.