Brandywine Global Investment Management LLC Has $4.74 Million Position in Flex Ltd. $FLEX

Key Points

• Brandywine Global Investment Management LLC increased its stake in Flex Ltd. by 7.4%, acquiring an additional 9,862 shares and reaching a total of 143,211 shares valued at approximately $4.74 million.
• Multiple institutional investors, including Dimensional Fund Advisors LP and Pacer Advisors Inc., have significantly increased their holdings in Flex, reflecting strong institutional interest in the company.
• Analysts have issued a consensus rating of "Buy"** for Flex shares, with target prices ranging from $52.00 to $60.00, after the company reported earnings that exceeded expectations in their latest quarter.

Brandywine Global Investment Management LLC increased its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,211 shares of the technology company's stock after purchasing an additional 9,862 shares during the period. Brandywine Global Investment Management LLC's holdings in Flex were worth $4,737,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Olde Wealth Management LLC bought a new stake in Flex during the first quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new stake in Flex during the first quarter valued at about $26,000. CX Institutional bought a new stake in Flex during the first quarter valued at about $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Flex during the fourth quarter valued at about $35,000. Finally, CWM LLC boosted its holdings in Flex by 73.3% during the first quarter. CWM LLC now owns 1,281 shares of the technology company's stock valued at $42,000 after acquiring an additional 542 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FLEX shares. Barclays upped their price target on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, July 25th. KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Stifel Nicolaus increased their target price on shares of Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of Flex in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Flex from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.71.

Flex Price Performance

NASDAQ:FLEX traded up $2.4660 during mid-day trading on Friday, hitting $51.8760. The company's stock had a trading volume of 2,269,776 shares, compared to its average volume of 4,094,717. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $53.97. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 1.67 and a beta of 1.05. The stock has a fifty day moving average of $49.97 and a 200-day moving average of $41.74.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. The company's quarterly revenue was up 4.1% compared to the same quarter last year. 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, equities analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity at Flex

In other news, CAO Daniel Wendler sold 1,245 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $45.01, for a total transaction of $56,037.45. Following the completion of the sale, the chief accounting officer owned 47,619 shares of the company's stock, valued at approximately $2,143,331.19. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Scott Offer sold 6,887 shares of the firm'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 transaction of $309,983.87. Following the sale, the executive vice president directly 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 have sold 661,706 shares of company stock valued at $28,746,344. Insiders own 0.57% of the company's stock.

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.