Bayforest Capital Ltd Buys 11,431 Shares of Flex Ltd. $FLEX

Key Points

• Bayforest Capital Ltd increased its stake in Flex Ltd. by 369.9% in Q1, acquiring an additional 11,431 shares, bringing its total holdings to 14,521 shares valued at $480,000.
• Flex Ltd. reported earnings of $0.72 EPS for the last quarter, surpassing analyst expectations, with revenues of $6.58 billion, an increase of 4.1% year-over-year.
• There is significant institutional interest in Flex, with 94.30% of its stock owned by institutional investors, including major investors like Wellington Management Group and Invesco Ltd.

Bayforest Capital Ltd boosted its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 369.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 14,521 shares of the technology company's stock after acquiring an additional 11,431 shares during the period. Bayforest Capital Ltd's holdings in Flex were worth $480,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in Flex by 4.8% during the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock worth $719,232,000 after acquiring an additional 996,276 shares during the last quarter. Invesco Ltd. raised its position in shares of Flex by 55.0% in the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock valued at $276,652,000 after purchasing an additional 2,968,285 shares during the period. Earnest Partners LLC boosted its holdings in shares of Flex by 3.2% during the first quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company's stock worth $136,326,000 after acquiring an additional 128,464 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Flex by 16.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company's stock worth $103,714,000 after buying an additional 453,455 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Flex by 3,794.6% in the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock valued at $95,936,000 after acquiring an additional 2,825,667 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Flex Stock Performance

FLEX stock opened at $56.20 on Wednesday. The business has a 50 day moving average of $51.81 and a 200-day moving average of $42.78. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $56.85. The firm has a market cap of $21.09 billion, a PE ratio of 24.65, a P/E/G ratio of 1.90 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59.

Flex (NASDAQ:FLEX - Get Free Report) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to analysts' expectations of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, sell-side analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Activity at Flex

In other Flex news, EVP David Scott Offer sold 6,887 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $45.01, for a total transaction of $309,983.87. Following the sale, the executive vice president owned 148,643 shares in the company, valued at $6,690,421.43. This trade represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.79, for a total value of $517,900.00. Following the transaction, the director directly owned 111,355 shares in the company, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,827 shares of company stock worth $12,550,282 in the last three months. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FLEX. Stifel Nicolaus increased their target price on shares of Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. KeyCorp raised their price objective on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. KGI Securities downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, Bank of America upped their price objective on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Flex Company 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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