Counterpoint Mutual Funds LLC Purchases New Position in Flex Ltd. $FLEX

Key Points

• Counterpoint Mutual Funds LLC acquired a new position in Flex Ltd. by purchasing **6,993 shares** valued at approximately **$349,000** in the second quarter.
• Multiple institutional investors, including **Wellington Management Group** and **Invesco Ltd.**, have significantly increased their stakes in Flex, with ownership among institutional investors totaling **94.30%**.
• Flex Ltd. reported **$0.72 EPS** for the last quarter, exceeding analyst estimates, and its quarterly revenue rose by **4.1%** year-over-year, positioning the company for future growth.

Counterpoint Mutual Funds LLC purchased a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,993 shares of the technology company's stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of Flex by 4.8% in the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock valued at $719,232,000 after buying an additional 996,276 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Flex by 55.0% in the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock valued at $276,652,000 after buying an additional 2,968,285 shares during the last quarter. Voya Investment Management LLC raised its holdings in 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 in the last quarter. Earnest Partners LLC raised its holdings in 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 in the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total value of $514,700.00. Following the sale, the director directly owned 17,012 shares in the company, valued at $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kwang Hooi Tan sold 12,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $50.25, for a total transaction of $628,125.00. Following the sale, the chief operating officer owned 263,636 shares in the company, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,020 shares of company stock valued at $4,923,667. Corporate insiders own 0.57% of the company's stock.

Flex Stock Down 2.9%

FLEX stock opened at $57.58 on Thursday. The company's 50 day simple moving average is $53.20 and its 200-day simple moving average is $44.33. The firm has a market capitalization of $21.61 billion, a PE ratio of 25.25, a P/E/G ratio of 2.02 and a beta of 1.13. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $59.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83.

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. The business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. KeyCorp increased their price target on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. KGI Securities lowered shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. The Goldman Sachs Group restated a "buy" rating on shares of Flex in a research report on Friday, July 11th. Finally, Barclays 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 Friday, July 25th. Seven investment 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, Flex has an average rating of "Moderate Buy" and an average 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.

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