American Century Companies Inc. Increases Stake in Flex Ltd. $FLEX

Key Points

• American Century Companies Inc. increased its stake in Flex Ltd. by 42.2% during the first quarter, now owning 986,492 shares worth approximately $32.6 million.
• Several institutional investors, including Aberdeen Group and Russell Investments Group Ltd., also significantly raised their holdings in Flex, indicating strong investor interest.
• Flex Ltd. reported better-than-expected earnings of $0.72 per share for the last quarter, surpassing analyst estimates of $0.63, and projected FY 2026 guidance at $2.860-3.060 EPS.

American Century Companies Inc. boosted its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 42.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 986,492 shares of the technology company's stock after buying an additional 292,646 shares during the period. American Century Companies Inc. owned approximately 0.26% of Flex worth $32,633,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of 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 during the period. Pacer Advisors Inc. boosted its stake in shares of 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Flex by 22.8% during 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 worth $102,954,000 after purchasing an additional 497,307 shares during the period. Northern Trust Corp boosted its stake in shares of Flex by 89.1% during the 4th quarter. Northern Trust Corp now owns 2,499,749 shares of the technology company's stock worth $95,965,000 after purchasing an additional 1,177,923 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Flex by 36.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,280,657 shares of the technology company's stock worth $87,554,000 after purchasing an additional 603,809 shares during the period. 94.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLEX has been the subject of a number of recent analyst reports. KeyCorp lifted 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 Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Bank of America increased their price target on Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Flex has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Insider Activity at Flex

In other Flex news, CEO Revathi Advaithi sold 181,028 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $42.91, for a total value of $7,767,911.48. Following the completion of the transaction, the chief executive officer owned 1,463,695 shares of the company's stock, valued at approximately $62,807,152.45. This trade represents a 11.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Scott Offer sold 35,394 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total transaction of $1,517,340.78. Following the completion of the transaction, the executive vice president directly owned 140,013 shares of the company's stock, valued at approximately $6,002,357.31. This represents a 20.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 681,706 shares of company stock worth $29,778,944. Corporate insiders own 0.57% of the company's stock.

Flex Stock Up 1.3%

NASDAQ:FLEX traded up $0.70 during midday trading on Tuesday, reaching $53.68. 1,576,057 shares of the stock traded hands, compared to its average volume of 4,084,869. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $54.14. The business has a 50-day moving average of $50.33 and a two-hundred day moving average of $41.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The stock has a market capitalization of $20.15 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.09. The business had revenue of $6.58 billion during 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%.The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company 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. On average, equities analysts forecast that Flex Ltd. will post 2.33 earnings per share 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.