5,405 Shares in Flex Ltd. $FLEX Purchased by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc has acquired 5,405 shares of Flex Ltd. stock, valued at approximately $270,000, marking a new position in the company.
• Wall Street analysts have positive projections for Flex, with multiple firms raising their price targets, including Bank of America increasing theirs from $58.00 to $65.00 and JPMorgan Chase lifting theirs from $44.00 to $60.00.
• Flex Ltd. reported earnings of $0.72 per share in its latest quarter, surpassing estimates, with a revenue of $6.58 billion, reflecting a year-over-year increase of 4.1%.

Sather Financial Group Inc acquired a new position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,405 shares of the technology company's stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLEX. Invesco Ltd. increased its position in Flex by 55.0% during the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock worth $276,652,000 after purchasing an additional 2,968,285 shares in the last quarter. Pacer Advisors Inc. increased its position in Flex by 3,794.6% during the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock worth $95,936,000 after purchasing an additional 2,825,667 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Flex by 73.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company's stock valued at $91,888,000 after buying an additional 1,177,970 shares during the period. Wellington Management Group LLP grew its holdings in Flex by 4.8% in the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock valued at $719,232,000 after buying an additional 996,276 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Flex by 16.7% in the 1st quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company's stock valued at $159,243,000 after buying an additional 690,611 shares during the period. Hedge funds and other institutional investors own 94.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America lifted their price target on Flex from $58.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday. The Goldman Sachs Group set a $66.00 price target on Flex in a report on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Weiss Ratings restated a "buy (b-)" rating on shares of Flex in a report on Wednesday. Finally, KeyCorp lifted their price target on Flex from $60.00 to $70.00 and gave the company an "overweight" rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.71.

Flex Stock Performance

NASDAQ FLEX opened at $56.59 on Friday. The firm has a market capitalization of $21.24 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.84 and a beta of 1.15. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $60.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The business's 50-day simple moving average is $54.67 and its 200-day simple moving average is $46.27.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Equities analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Insider Activity

In related news, Director William D. Watkins sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the transaction, the director directly owned 111,355 shares of the company's stock, valued at approximately $5,767,075.45. The trade was a 8.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total value of $566,600.00. Following the transaction, the chief accounting officer directly owned 37,619 shares in the company, valued at $2,131,492.54. This trade represents a 21.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,020 shares of company stock worth $4,923,667 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.

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