Atria Wealth Solutions Inc. Acquires New Holdings in Flex Ltd. $FLEX

Key Points

• Atria Wealth Solutions Inc. has acquired a new stake in Flex Ltd., acquiring 12,787 shares valued at approximately $650,000 in the second quarter.
• Flex Ltd. reported earnings of $0.72 per share for Q2, exceeding estimates of $0.63, with revenues reaching $6.58 billion, a 4.1% increase year-over-year.
• Analysts have raised their price targets for Flex, with JPMorgan Chase increasing theirs from $44 to $60 and Goldman Sachs setting a target of $66.

Atria Wealth Solutions Inc. acquired a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,787 shares of the technology company's stock, valued at approximately $650,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BayBridge Capital Group LLC lifted its holdings in Flex by 2.1% in the 2nd quarter. BayBridge Capital Group LLC now owns 11,400 shares of the technology company's stock valued at $569,000 after purchasing an additional 235 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Flex by 39.4% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company's stock valued at $43,000 after purchasing an additional 244 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Flex by 1.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,206 shares of the technology company's stock valued at $759,000 after purchasing an additional 266 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in Flex by 4.1% in the 2nd quarter. Uncommon Cents Investing LLC now owns 6,850 shares of the technology company's stock valued at $342,000 after purchasing an additional 270 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its holdings in Flex by 0.7% in the 1st quarter. Dynasty Wealth Management LLC now owns 37,233 shares of the technology company's stock valued at $1,232,000 after purchasing an additional 276 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Flex Stock Down 1.9%

FLEX opened at $62.14 on Friday. The firm has a 50 day moving average price of $55.79 and a 200 day moving average price of $47.24. The company has a market cap of $23.32 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $64.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36.

Flex (NASDAQ:FLEX - Get Free Report) last posted its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.09. The firm had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Sell-side analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Buying and Selling

In other Flex 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 value of $566,600.00. Following the completion of the sale, the chief accounting officer owned 37,619 shares of the company's stock, valued at $2,131,492.54. This trade represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the completion of the sale, the insider directly owned 256,198 shares of the company's stock, valued at $14,639,153.72. This trade represents a 14.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock valued at $4,923,667 over the last three months. Company insiders own 0.57% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Stifel Nicolaus increased their price objective on shares of Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a report on Monday, September 29th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Flex in a report on Wednesday, October 8th. Finally, Bank of America increased their price objective on shares of Flex from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Flex has a consensus rating of "Moderate Buy" and an average price target of $59.71.

Flex Profile

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.

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