Benjamin Edwards Inc. Acquires New Position in Flex Ltd. $FLEX

Key Points

• Benjamin Edwards Inc. purchased a new stake in Flex Ltd. by acquiring 7,806 shares valued at approximately $258,000 in the first quarter.
• Other institutional investors, including Dimensional Fund Advisors and Pacer Advisors, have greatly increased their stakes in Flex, highlighting strong investor interest with 94.30% of the stock owned by hedge funds and institutional investors.
• Analysts have a consensus rating of "Buy" for Flex, with target price increases from firms like JPMorgan and Bank of America, reflecting positive sentiment on the stock's future performance.

Benjamin Edwards Inc. purchased a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,806 shares of the technology company's stock, valued at approximately $258,000.

A number of other institutional investors have also recently added to or reduced their stakes in FLEX. Dimensional Fund Advisors LP grew its holdings in Flex by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,513,078 shares of the technology company's stock valued at $326,833,000 after buying an additional 916,085 shares in the last quarter. Pacer Advisors Inc. grew its holdings 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 purchasing an additional 2,825,667 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Flex by 22.8% during the fourth 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 last quarter. Northern Trust Corp raised its stake in Flex by 89.1% during the fourth 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 holdings in Flex by 36.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,280,657 shares of the technology company's stock valued at $87,554,000 after purchasing an additional 603,809 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company's stock.

Flex Stock Down 1.9%

Flex stock traded down $0.9310 during mid-day trading on Wednesday, reaching $48.8390. 1,559,961 shares of the company's stock were exchanged, compared to its average volume of 4,104,295. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $53.97. The company has a fifty day moving average of $49.75 and a 200-day moving average of $41.62. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. The company has a market cap of $18.33 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.69 and a beta of 1.05.

Flex (NASDAQ:FLEX - Get Free Report) last released 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 firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.Flex's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $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. Sell-side analysts expect that Flex Ltd. will post 2.33 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target 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. Barclays lifted their target price on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Stifel Nicolaus increased their price target on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, KeyCorp lifted their price target on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Flex currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Insider Buying and Selling at Flex

In related news, CEO Revathi Advaithi sold 37,465 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $45.01, for a total value of $1,686,299.65. Following the transaction, the chief executive officer owned 1,363,312 shares of the company's stock, valued at $61,362,673.12. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David Scott Offer sold 6,887 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $45.01, for a total value of $309,983.87. Following the sale, the executive vice president owned 148,643 shares of the company's stock, valued at approximately $6,690,421.43. The trade was a 4.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 659,186 shares of company stock worth $28,621,302. 0.57% of the stock is currently owned by company insiders.

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.