Brendel Financial Advisors LLC Invests $360,000 in Flex Ltd. $FLEX

Key Points

• Brendel Financial Advisors LLC has acquired 7,211 shares of Flex Ltd., valued at approximately $360,000, during the second quarter, according to a recent 13F filing.
• Flex Ltd. reported earnings of $0.72 per share for the quarter, surpassing estimates, with a net revenue of $6.58 billion, up 4.1% year-over-year.
• The company's stock has received several upgrades, with key analysts raising target prices, including Bank of America to $58 and KeyCorp to $60, maintaining a consensus rating of "Moderate Buy".

Brendel Financial Advisors LLC purchased a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,211 shares of the technology company's stock, valued at approximately $360,000.

A number of other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of Flex by 4.8% during the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock worth $719,232,000 after purchasing an additional 996,276 shares during the period. Invesco Ltd. lifted its holdings in shares of Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock worth $276,652,000 after purchasing an additional 2,968,285 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Flex by 16.7% during the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company's stock worth $159,243,000 after purchasing an additional 690,611 shares during the period. Earnest Partners LLC lifted 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 purchasing an additional 128,464 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Flex by 16.9% during the first 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 purchasing an additional 453,455 shares during the period. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex Price Performance

NASDAQ FLEX traded up $0.36 on Monday, hitting $59.01. The stock had a trading volume of 3,140,495 shares, compared to its average volume of 4,048,061. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $59.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market capitalization of $22.15 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. The firm has a 50-day moving average of $52.79 and a 200-day moving average of $43.97.

Flex (NASDAQ:FLEX - Get Free Report) last posted its 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 analysts' expectations of $6.27 billion. During the same period in the prior year, the company posted $0.51 EPS. The business's revenue for the quarter 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. Equities analysts expect that Flex Ltd. will post 2.33 EPS for the current year.

Insiders Place Their Bets

In other Flex news, insider Michael P. Hartung sold 45,000 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total value of $2,571,300.00. Following the sale, the insider owned 256,198 shares of the company's stock, valued at $14,639,153.72. This trade represents a 14.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction of $566,600.00. Following the transaction, the chief accounting officer directly owned 37,619 shares of the company's stock, valued at approximately $2,131,492.54. This trade represents a 21.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FLEX. Barclays lifted their price target on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group restated a "buy" rating on shares of Flex in a report on Friday, July 11th. KeyCorp boosted their target price on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. KGI Securities lowered shares of Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, 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 note on Thursday, July 17th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.