Green Alpha Advisors LLC Sells 4,955 Shares of Flex Ltd. $FLEX

Green Alpha Advisors LLC cut its holdings in Flex Ltd. (NASDAQ:FLEX) by 34.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,361 shares of the technology company’s stock after selling 4,955 shares during the quarter. Green Alpha Advisors LLC’s holdings in Flex were worth $1,030,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Veracity Capital LLC acquired a new stake in Flex during the 3rd quarter worth about $1,286,000. Venture Visionary Partners LLC acquired a new position in Flex in the third quarter valued at approximately $330,000. Central Pacific Bank Trust Division boosted its position in Flex by 18.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 6,891 shares of the technology company’s stock worth $758,000 after purchasing an additional 1,066 shares in the last quarter. Rosenberg Matthew Hamilton purchased a new position in shares of Flex during the 3rd quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Flex by 14.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 783 shares of the technology company’s stock valued at $86,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Insider Activity

In other news, insider Michael P. Hartung sold 2,755 shares of Flex stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total transaction of $332,363.20. Following the sale, the insider owned 243,175 shares of the company’s stock, valued at approximately $29,336,632. The trade was a 1.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is owned by corporate insiders.

Flex Trading Down 3.9%

Shares of NASDAQ FLEX traded down $4.60 during trading on Thursday, hitting $114.74. 2,642,384 shares of the company were exchanged, compared to its average volume of 4,713,062. The company has a fifty day moving average price of $114.42 and a 200-day moving average price of $117.02. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 1.38. The firm has a market capitalization of $42.38 billion, a PE ratio of 44.30, a P/E/G ratio of 0.61 and a beta of 1.67. Flex Ltd. has a 12-month low of $53.07 and a 12-month high of $166.86.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. The firm had revenue of $7.93 billion during the quarter. As a group, equities research analysts expect that Flex Ltd. will post 4.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FLEX shares. Barclays decreased their price objective on shares of Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Freedom Capital raised shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. The Goldman Sachs Group cut their price target on shares of Flex from $177.00 to $154.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Wall Street Zen upgraded Flex from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Weiss Ratings lowered shares of Flex from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Flex presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

More Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Reported $2 billion Axiom funding could support Flex’s growth outlook. Flex reportedly agreed to provide or participate in a $2.0 billion funding arrangement connected with Axiom. The agreement could strengthen Flex’s position in aerospace and advanced manufacturing, although investors will need more information on the funding structure, financial exposure and expected returns before assessing the full earnings impact. Flex agrees to USD 2.0 billion Axiom funding: what it means for Flex stock
• Neutral Sentiment: Fiscal second-quarter earnings are scheduled for October 28. Flex will release fiscal 2027 second-quarter results before the market opens and hold an investor conference call afterward. The announcement itself does not change estimates, but the report will be an important near-term catalyst given the stock’s elevated valuation and investor focus on demand, margins and guidance. Flex Announces Date for Second Quarter Fiscal Year 2027 Earnings Call
• Neutral Sentiment: Recent commentary presents both investment positives and risks. A Yahoo Finance article discusses two reasons to favor FLEX and one concern, but it is analyst commentary rather than a new corporate announcement. It may influence sentiment, though it does not appear to provide a clear new fundamental catalyst. 2 Reasons to Like FLEX (and 1 Not So Much)
• Negative Sentiment: Most other items are unrelated to Flex Ltd. Articles about Bose’s SoundLink Flex speaker, fantasy-football “flex” rankings, FLEX Tools and Flex Seal products concern different companies or generic terminology and should not affect NASDAQ:FLEX. Investors should avoid treating those headlines as explanations for the stock’s movement.

Flex Profile

Flex Ltd. (NASDAQ:FLEX) is a global manufacturing and supply-chain solutions provider that helps companies design, build and deliver products. The company works with original equipment manufacturers and other brands across the product life cycle, from product design and engineering through manufacturing, logistics and aftermarket services.

Its capabilities include electronics manufacturing, printed circuit board assembly, systems integration, mechanical manufacturing, testing, product development and supply-chain management.