Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in Flex Ltd. $FLEX

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 220.6% during the fourth quarter, Holdings Channel reports. The fund owned 248,349 shares of the technology company’s stock after purchasing an additional 170,879 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Flex were worth $15,005,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James Financial set a $80.00 price target on shares of Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Barclays lifted their target price on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Stifel Nicolaus increased their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Robert W. Baird initiated coverage on shares of Flex in a research note on Thursday, March 12th. They set an “outperform” rating and a $70.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.30.

Insider Activity

In related news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer directly owned 233,636 shares in the company, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.57% of the company’s stock.

Flex Price Performance

Shares of NASDAQ:FLEX opened at $91.55 on Friday. The stock has a market capitalization of $33.66 billion, a P/E ratio of 41.05, a P/E/G ratio of 1.95 and a beta of 1.22. The business has a 50-day moving average of $71.04 and a two-hundred day moving average of $65.70. Flex Ltd. has a fifty-two week low of $34.94 and a fifty-two week high of $92.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts predict that Flex Ltd. will post 2.93 EPS for the current fiscal year.

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.