J.M. Arbour LLC Makes New $645,000 Investment in Flex Ltd. $FLEX

J.M. Arbour LLC purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,670 shares of the technology company’s stock, valued at approximately $645,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas purchased a new position in Flex in the fourth quarter valued at about $28,000. CENTRAL TRUST Co lifted its holdings in shares of Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Flex in the 3rd quarter valued at approximately $52,000. Root Financial Partners LLC acquired a new position in Flex in the third quarter worth approximately $57,000. Finally, CI Investments Inc. raised its position in Flex by 60.4% during the third quarter. CI Investments Inc. now owns 1,022 shares of the technology company’s stock valued at $59,000 after acquiring an additional 385 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Flex Trading Up 1.9%

NASDAQ:FLEX opened at $79.92 on Friday. The company’s 50 day moving average is $66.46 and its 200-day moving average is $63.65. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 12 month low of $30.05 and a 12 month high of $80.33. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 1.71 and a beta of 1.22.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. Flex’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities analysts anticipate that Flex Ltd. will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on FLEX. JPMorgan Chase & Co. boosted their target price on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Robert W. Baird began coverage on shares of Flex in a research report on Thursday, March 12th. They set an “outperform” rating and a $70.00 target price on the stock. Finally, Raymond James Financial set a $80.00 price target on Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Flex presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Insider Activity

In other news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the sale, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Flex Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.