Board of the Pension Protection Fund Makes New Investment in Flex Ltd. $FLEX

Key Points

• The Pension Protection Fund has invested approximately $2.37 million in Flex Ltd., acquiring 47,500 shares, making it the largest position in their portfolio.
• Flex Ltd. received multiple "buy" ratings from brokerages, with price targets raised significantly, indicating a consensus rating of "Moderate Buy" with an average target of $59.71.
• In recent insider trading, COO Kwang Hooi Tan sold 12,500 shares for over $628,000, showcasing a decrease in their ownership stake of 4.53%.

Board of the Pension Protection Fund purchased a new position in Flex Ltd. (NASDAQ:FLEX - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 47,500 shares of the technology company's stock, valued at approximately $2,371,000. Flex accounts for 2.6% of Board of the Pension Protection Fund's holdings, making the stock its largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Flex in the 1st quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new position in Flex in the 1st quarter worth approximately $26,000. Olde Wealth Management LLC bought a new position in Flex in the 1st quarter worth approximately $26,000. Pinnacle Bancorp Inc. increased its position in Flex by 39.4% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company's stock worth $43,000 after buying an additional 244 shares during the period. Finally, CX Institutional bought a new position in Flex in the 1st quarter worth approximately $29,000. 94.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on FLEX. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Flex in a research report on Wednesday. Stifel Nicolaus lifted their price objective on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Bank of America lifted their price objective on Flex from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp lifted their price objective on Flex from $60.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday. Finally, KGI Securities lowered Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.71.

Insider Buying and Selling

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $50.25, for a total value of $628,125.00. Following the transaction, the chief operating officer owned 263,636 shares of the company's stock, valued at approximately $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total value of $517,900.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,020 shares of company stock valued at $4,923,667. Insiders own 0.57% of the company's stock.

Flex Price Performance

Shares of FLEX stock opened at $56.59 on Friday. The stock's fifty day simple moving average is $54.67 and its 200 day simple moving average is $46.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.84 and a beta of 1.15. Flex Ltd. has a one year low of $25.11 and a one year high of $60.05.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. The business had revenue of $6.58 billion for 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 quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

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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