Brave Asset Management Inc. Makes New $250,000 Investment in Flex Ltd. $FLEX

Key Points

• Brave Asset Management Inc. has made a new investment of approximately $250,000 in Flex Ltd., acquiring 5,000 shares of the technology company during the second quarter.
• Analysts have generally rated Flex with a consensus of Moderate Buy, with a price target raised by several firms to $60.00, reflecting positive market sentiment.
• Flex recently reported $0.72 earnings per share for the last quarter, surpassing estimates, with revenues of $6.58 billion, indicating a year-over-year growth of 4.1%.

Brave Asset Management Inc. bought a new position in Flex Ltd. (NASDAQ:FLEX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the technology company's stock, valued at approximately $250,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. KGI Securities lowered Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Flex in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their target price 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. KeyCorp lifted their price objective on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Barclays lifted their price objective on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Flex presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.71.

Flex Stock Down 1.9%

Shares of Flex stock opened at $56.50 on Friday. The firm's 50 day moving average price is $53.26 and its 200-day moving average price is $44.50. 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 Ltd. has a 52-week low of $25.11 and a 52-week high of $59.76. The company has a market cap of $21.21 billion, a P/E ratio of 24.78, a PEG ratio of 1.96 and a beta of 1.13.

Flex (NASDAQ:FLEX - Get Free Report) last released 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 business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, sell-side analysts predict that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity

In other news, Director Erin Mcsweeney sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the sale, the director owned 17,012 shares in the company, valued at approximately $875,607.64. The trade was a 37.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.79, for a total value of $517,900.00. Following the sale, the director owned 111,355 shares in the company, valued at $5,767,075.45. The trade was a 8.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,020 shares of company stock worth $4,923,667 over the last quarter. Company insiders own 0.57% of the company's stock.

About Flex

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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