Aberdeen Group plc Increases Holdings in Flex Ltd. $FLEX

Key Points

• Aberdeen Group plc increased its stake in Flex Ltd. by 157.6%, owning approximately 320,888 shares valued at $10.6 million, highlighting increased institutional interest in the technology company.
• Flex reported earnings of $0.72 per share, surpassing expectations, with revenue of $6.58 billion for the quarter, up 4.1% from last year.
• A majority of analysts maintain a consensus "Moderate Buy" rating on Flex, with recent upgrades resulting in target price increases, reflecting positive sentiment about the company's prospects.

Aberdeen Group plc grew its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 157.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,888 shares of the technology company's stock after purchasing an additional 196,334 shares during the period. Aberdeen Group plc owned about 0.08% of Flex worth $10,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of Flex in the 1st quarter worth $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Flex in the first quarter worth $26,000. CX Institutional bought a new stake in shares of Flex in the first quarter worth $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Flex in the fourth quarter worth $35,000. Finally, CWM LLC grew its holdings in shares of Flex by 73.3% in the first quarter. CWM LLC now owns 1,281 shares of the technology company's stock worth $42,000 after acquiring an additional 542 shares during the period. Institutional investors own 94.30% of the company's stock.

Insiders Place Their Bets

In other news, insider Michael P. Hartung sold 35,393 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total value of $1,517,297.91. Following the transaction, the insider directly owned 293,195 shares in the company, valued at $12,569,269.65. The trade was a 10.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Scott Offer sold 35,394 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total value of $1,517,340.78. Following the completion of the transaction, the executive vice president owned 140,013 shares in the company, valued at $6,002,357.31. The trade was a 20.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 661,706 shares of company stock valued at $28,746,344 over the last three months. Insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

FLEX has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a report on Friday, July 11th. Barclays lifted their price objective on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. KGI Securities lowered Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, Stifel Nicolaus lifted their price objective on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Flex Stock Performance

NASDAQ FLEX traded up $2.51 on Friday, hitting $51.92. 3,241,831 shares of the company traded hands, compared to its average volume of 3,804,371. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.77 and a beta of 1.05. 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 business's 50 day moving average price is $50.15 and its 200-day moving average price is $41.80. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $53.97.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results 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 company had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.Flex's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Equities analysts expect that Flex Ltd. will post 2.33 earnings per share for the current 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.