Vestcor Inc Has $6.06 Million Holdings in Flex Ltd. $FLEX

Vestcor Inc cut its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,354 shares of the technology company’s stock after selling 66,962 shares during the period. Vestcor Inc’s holdings in Flex were worth $6,063,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Flex during the fourth quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Flex during the fourth quarter worth $28,000. CENTRAL TRUST Co increased its holdings in shares of Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after buying an additional 355 shares in the last quarter. Gables Capital Management Inc. acquired a new position in shares of Flex during the fourth quarter worth $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Flex during the third quarter worth $52,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Flex news, Director Erin Mcsweeney sold 2,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $132.51, for a total transaction of $265,020.00. Following the completion of the sale, the director directly owned 9,512 shares in the company, valued at approximately $1,260,435.12. This trade represents a 17.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $135.93, for a total value of $2,378,775.00. Following the completion of the sale, the chief operating officer owned 238,543 shares of the company’s stock, valued at approximately $32,425,149.99. This represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 362,512 shares of company stock worth $49,538,328. 0.57% of the stock is owned by insiders.

Flex Stock Performance

Shares of Flex stock opened at $151.92 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $107.57 and a two-hundred day moving average price of $78.73. Flex Ltd. has a 1-year low of $42.60 and a 1-year high of $166.86. The company has a market cap of $55.66 billion, a P/E ratio of 65.20, a PEG ratio of 0.80 and a beta of 1.64.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm had revenue of $7.48 billion during the quarter. As a group, analysts anticipate that Flex Ltd. will post 4.15 EPS for the current year.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is highlighted as a potential winner in a strengthening electronics sector, with analysts pointing to infrastructure investment and capacity expansion as tailwinds for the business. Article Title
• Positive Sentiment: Investors are reacting to Flex’s growth strategy, including the planned separation of its Power and Cloud portfolio and an acquisition in electrical power, which could expand its exposure to AI data centers, grid modernization, and electrification. Article Title
• Neutral Sentiment: A Zacks follow-up notes that FLEX has risen since its last earnings report, but questions remain about whether the momentum can continue, making this more of a status update than a clear catalyst. Article Title
• Negative Sentiment: EVP David Scott Offer sold 33,000 shares in a pre-arranged 10b5-1 transaction, trimming his stake by about 31%; while routine, insider selling can still weigh on sentiment. Article Title

Analyst Ratings Changes

Several research analysts have recently issued reports on FLEX shares. Barclays upped their price target on shares of Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Robert W. Baird set a $165.00 price objective on Flex in a report on Thursday, May 7th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Stifel Nicolaus increased their price objective on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.70.

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.