Graetz Wealth LLC Buys Shares of 4,165 Flex Ltd. $FLEX

Graetz Wealth LLC bought a new stake in shares of Flex Ltd. (NASDAQ:FLEX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,165 shares of the technology company’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Flex during the fourth quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Flex during the fourth quarter worth about $28,000. CENTRAL TRUST Co grew 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. purchased a new stake in shares of Flex during the fourth quarter worth about $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Flex during the third quarter worth about $52,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is being viewed more favorably as an AI infrastructure beneficiary, with commentary highlighting its role in supplying equipment and systems for data centers and cloud/power applications. Flex To Enter S&P 500 Positioned As A Major AI Infrastructure Player
• Positive Sentiment: Upcoming inclusion in the S&P 500 is a bullish catalyst because it can boost demand from index funds and improve market visibility for Flex Ltd. (FLEX). Dear Flex stock fans, mark your calendars for June 22
• Positive Sentiment: Analysts are focusing on Flex’s aggressive capex plan to capture AI data center demand, suggesting fiscal 2027 could be an important turning point if investments translate into margin recovery and faster growth. Flex Aggressively Scaling Investments: Is Fiscal 2027 a Turning Point?

Insider Activity

In other Flex news, insider Michael P. Hartung sold 22,216 shares of Flex stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $142.38, for a total transaction of $3,163,114.08. Following the transaction, the insider directly owned 232,706 shares of the company’s stock, valued at $33,132,680.28. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David Scott Offer sold 33,000 shares of Flex stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $153.91, for a total transaction of $5,079,030.00. Following the transaction, the executive vice president directly owned 73,471 shares in the company, valued at approximately $11,307,921.61. This trade represents a 30.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 345,012 shares of company stock valued at $48,508,103 over the last quarter. 0.57% of the stock is owned by insiders.

Flex Trading Up 9.0%

Shares of FLEX stock opened at $151.99 on Friday. The stock has a market cap of $55.69 billion, a price-to-earnings ratio of 65.23, a price-to-earnings-growth ratio of 0.73 and a beta of 1.64. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. Flex Ltd. has a fifty-two week low of $42.83 and a fifty-two week high of $166.86. The firm’s 50 day moving average price is $114.24 and its two-hundred day moving average price is $81.43.

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

Analyst Ratings Changes

FLEX has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. KeyCorp lifted their price target on shares of Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Robert W. Baird set a $165.00 price target on shares of Flex in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Finally, Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.70.

About Flex

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.