Moran Wealth Management LLC Has $10.56 Million Holdings in Flex Ltd. $FLEX

Moran Wealth Management LLC decreased its holdings in Flex Ltd. (NASDAQ:FLEX) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,771 shares of the technology company’s stock after selling 11,111 shares during the period. Moran Wealth Management LLC’s holdings in Flex were worth $10,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLEX. Merit Financial Group LLC raised its stake in Flex by 12.1% in the 4th quarter. Merit Financial Group LLC now owns 9,852 shares of the technology company’s stock valued at $595,000 after acquiring an additional 1,065 shares during the period. J.M. Arbour LLC bought a new position in shares of Flex in the fourth quarter valued at about $645,000. Parcion Private Wealth LLC boosted its holdings in shares of Flex by 1.5% during the 4th quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock worth $855,000 after buying an additional 216 shares during the period. CWM LLC grew its stake in Flex by 126.7% in the 4th quarter. CWM LLC now owns 12,875 shares of the technology company’s stock valued at $778,000 after buying an additional 7,196 shares during the last quarter. Finally, KBC Group NV raised its holdings in Flex by 1,134.9% in the 4th quarter. KBC Group NV now owns 306,427 shares of the technology company’s stock valued at $18,515,000 after acquiring an additional 281,613 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Flex Trading Up 2.4%

Shares of FLEX stock opened at $81.83 on Friday. Flex Ltd. has a twelve month low of $30.05 and a twelve month high of $82.85. The stock’s fifty day simple moving average is $66.82 and its 200 day simple moving average is $63.81. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $30.09 billion, a P/E ratio of 36.70, a P/E/G ratio of 1.74 and a beta of 1.22.

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

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the transaction, the chief operating officer directly owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Robert W. Baird started coverage on Flex in a research report on Thursday, March 12th. They issued an “outperform” rating and a $70.00 target price on the stock. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

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.