Andra AP fonden Grows Holdings in Flex Ltd. $FLEX

Andra AP fonden increased its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 41.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,624 shares of the technology company's stock after acquiring an additional 11,400 shares during the period. Andra AP fonden's holdings in Flex were worth $6,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLEX. Geode Capital Management LLC boosted its stake in Flex by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company's stock worth $459,829,000 after purchasing an additional 181,266 shares in the last quarter. Norges Bank purchased a new stake in shares of Flex during the fourth quarter valued at $319,756,000. Polar Capital Holdings Plc lifted its stake in Flex by 141.8% during the 4th quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company's stock valued at $223,140,000 after acquiring an additional 2,165,780 shares during the period. Sei Investments Co. boosted its holdings in shares of Flex by 52.2% during the 1st quarter. Sei Investments Co. now owns 2,230,622 shares of the technology company's stock valued at $146,016,000 after acquiring an additional 764,558 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Flex by 541.5% during the first quarter. KBC Group NV now owns 1,965,811 shares of the technology company's stock valued at $128,682,000 after purchasing an additional 1,659,384 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company's stock.

Insider Buying and Selling at Flex

In other Flex news, insider Michael P. Hartung sold 2,755 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the transaction, the insider directly owned 243,175 shares in the company, valued at $29,336,632. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is currently owned by insiders.

Flex Trading Down 1.9%

Shares of FLEX stock opened at $112.30 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.38 and a quick ratio of 0.89. The company has a market cap of $41.48 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 0.58 and a beta of 1.67. Flex Ltd. has a 1 year low of $53.07 and a 1 year high of $166.86. The firm has a fifty day moving average price of $115.28 and a 200-day moving average price of $113.36.

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

Wall Street Analyst Weigh In

FLEX has been the subject of a number of research reports. Wall Street Zen lowered shares of Flex from a "buy" rating to a "hold" rating in a research note on Saturday, September 12th. Zacks Research downgraded Flex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 7th. Raymond James Financial set a $170.00 price objective on Flex and gave the stock an "outperform" rating in a report on Wednesday, July 29th. The Goldman Sachs Group reduced their price objective on Flex from $177.00 to $154.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Freedom Capital raised Flex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.20.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex has outperformed the broader technology sector, and analysts remain highly optimistic about its outlook. This supports the view that investors continue to see relative strength and further upside potential in the shares. Flex Ltd. Stock: Is FLEX Outperforming the Technology Sector?
• Positive Sentiment: Zacks identifies FLEX as a strong momentum stock based on its Style Scores, suggesting favorable recent price and trading trends that could attract momentum-oriented investors. Here's Why Flex (FLEX) is a Strong Momentum Stock
• Neutral Sentiment: A head-to-head survey compares Flex with PC Connection, but the headline provides no specific new earnings, guidance, contract, or other operational development for Flex. The comparison may influence investor sentiment, but its direct impact on the stock is unclear. Head to Head Survey: Flex versus PC Connection
• Neutral Sentiment: Several other articles refer to unrelated products or topics using the word “Flex,” including Chase Freedom Flex credit cards, fantasy football rankings, a Peloton treadmill, and POWEROAD battery equipment. These stories are not about Flex Ltd. and should not affect FLEX shares.

About Flex

Flex Ltd. NASDAQ: FLEX is a global manufacturing and supply-chain solutions company that helps original equipment manufacturers design, build and manage products. Its services span product design and engineering, prototyping, manufacturing, assembly, testing, logistics, supply-chain management and aftermarket support.

The company supports customers across industries including automotive, communications, consumer, industrial, healthcare and life sciences, and cloud and data-center infrastructure.

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