Brendel Financial Advisors LLC Purchases New Stake 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 bought a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,211 shares of the technology company's stock, valued at approximately $360,000.

A number of other large investors have also added to or reduced their stakes in the stock. Rise Advisors LLC bought a new stake in Flex during the first quarter worth $25,000. Olde Wealth Management LLC bought a new position in shares of Flex in the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new position in Flex during the 1st quarter worth $26,000. CX Institutional bought a new position in Flex during the 1st quarter worth $29,000. Finally, CWM LLC raised its position in Flex by 73.3% during the 1st quarter. CWM LLC now owns 1,281 shares of the technology company's stock worth $42,000 after purchasing an additional 542 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Insider Activity

In related news, insider Michael P. Hartung sold 45,000 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the completion of the transaction, the insider owned 256,198 shares in the company, valued at approximately $14,639,153.72. The trade was a 14.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the transaction, the chief operating officer directly owned 263,636 shares in the company, valued at $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,020 shares of company stock worth $4,923,667 over the last 90 days. Company insiders own 0.57% of the company's stock.

Flex Stock Performance

Shares of Flex stock traded up $0.39 during trading on Tuesday, hitting $59.40. 1,523,164 shares of the company's stock were exchanged, compared to its average volume of 4,034,077. 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 business has a 50-day simple moving average of $52.93 and a 200-day simple moving average of $44.14. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $59.76. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 2.00 and a beta of 1.12.

Flex (NASDAQ:FLEX - Get Free Report) last released 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. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business earned $0.51 earnings per share. The firm's revenue 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, research analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FLEX shares. Barclays lifted their price objective on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen downgraded Flex from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. KeyCorp upped their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Stifel Nicolaus upped their price objective 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. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.71.

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.