8,604 Shares in Flex Ltd. $FLEX Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,604 shares of the technology company's stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of Flex by 4.8% in the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock valued at $719,232,000 after purchasing an additional 996,276 shares during the last quarter. Invesco Ltd. raised its position in shares of Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock worth $276,652,000 after buying an additional 2,968,285 shares during the period. Earnest Partners LLC grew its holdings in shares of Flex by 3.2% during the 1st quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company's stock worth $136,326,000 after purchasing an additional 128,464 shares during the period. Pacer Advisors Inc. grew its stake in Flex by 3,794.6% during the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock worth $95,936,000 after buying an additional 2,825,667 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Flex by 22.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,681,792 shares of the technology company's stock valued at $102,954,000 after purchasing an additional 497,307 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Insiders Place Their Bets

In related news, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction of $566,600.00. Following the sale, the chief accounting officer owned 37,619 shares in the company, valued at approximately $2,131,492.54. This trade represents a 21.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William D. Watkins sold 10,000 shares of Flex stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.79, for a total value of $517,900.00. Following the completion of the transaction, the director owned 111,355 shares in the company, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,013 shares of company stock worth $5,097,662 over the last three months. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FLEX shares. Bank of America lifted their target price on Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Barclays upped their price target on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. The Goldman Sachs Group restated a "buy" rating on shares of Flex in a report on Friday, July 11th. Wall Street Zen downgraded Flex from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Flex presently has a consensus rating of "Moderate Buy" and an average target price of $53.71.

Flex Trading Down 0.8%

Shares of NASDAQ:FLEX traded down $0.44 during mid-day trading on Friday, reaching $57.29. The stock had a trading volume of 2,258,175 shares, compared to its average volume of 3,468,910. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $58.60. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The firm has a market cap of $21.50 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. The firm has a 50 day simple moving average of $52.19 and a two-hundred day simple moving average of $43.17.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. The company 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 quarterly 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 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, research analysts predict that Flex Ltd. will post 2.33 EPS for the current fiscal year.

About Flex

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.