ASR Vermogensbeheer N.V. Buys New Position in Flex Ltd. $FLEX

Key Points

• ASR Vermogensbeheer N.V. opened a new position in Flex during the fourth quarter, buying 17,019 shares worth about $1.03 million.
• Flex reported stronger-than-expected quarterly results, posting EPS of $0.93 versus $0.87 expected and revenue of $7.48 billion, up 17.2% year over year.
• Analysts remain generally positive on the stock, with a Moderate Buy consensus and an average price target of $112.80, while Goldman Sachs sharply raised its target to $177.

ASR Vermogensbeheer N.V. bought a new stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,019 shares of the technology company's stock, valued at approximately $1,028,000.

Other large investors have also bought and sold shares of the company. USA Financial Formulas bought a new position in Flex during the fourth quarter valued at about $28,000. CENTRAL TRUST Co boosted its holdings in Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company's stock worth $29,000 after buying an additional 355 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Flex during the third quarter worth approximately $52,000. Root Financial Partners LLC bought a new stake in Flex during the third quarter worth approximately $57,000. Finally, CI Investments Inc. boosted its holdings in Flex by 60.4% during the third quarter. CI Investments Inc. now owns 1,022 shares of the technology company's stock worth $59,000 after buying an additional 385 shares in the last quarter. Institutional investors own 94.30% of the company's stock.

Flex Stock Performance

Shares of NASDAQ:FLEX opened at $142.17 on Monday. The firm has a fifty day moving average of $74.45 and a two-hundred day moving average of $67.03. The firm has a market capitalization of $52.27 billion, a P/E ratio of 61.02 and a beta of 1.46. Flex Ltd. has a 12-month low of $38.30 and a 12-month high of $142.59. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX - Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.06. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.96 billion. Flex had a net margin of 3.15% and a return on equity of 22.12%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. On average, equities analysts expect that Flex Ltd. will post 3.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Charles K. Stevens III sold 15,000 shares of Flex stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $138.14, for a total transaction of $2,072,100.00. Following the completion of the sale, the director directly owned 45,426 shares in the company, valued at $6,275,147.64. The trade was a 24.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares of the company's stock, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on FLEX shares. The Goldman Sachs Group raised their target price on shares of Flex from $84.00 to $177.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James Financial set a $80.00 target price on Flex and gave the company an "outperform" rating in a report on Wednesday, February 4th. Robert W. Baird set a $165.00 target price on Flex in a report on Thursday. Stifel Nicolaus upped their target price on Flex from $75.00 to $95.00 and gave the company a "buy" rating in a report on Monday, April 20th. Finally, Wall Street Zen downgraded Flex from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 8th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.80.

Flex Company Profile

Flex NASDAQ: FLEX, formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.

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