CreativeOne Wealth LLC Grows Holdings in Flex Ltd. $FLEX

Key Points

• CreativeOne Wealth LLC increased its holdings in Flex Ltd. by 78.8%, owning 35,654 shares valued at approximately $1.18 million after purchasing an additional 15,715 shares.
• Multiple institutional investors, including Wellington Management and Pacer Advisors, have significantly raised their stakes in Flex, with Pacer Advisors increasing holdings by 3,794.6%.
• Analysts have set a consensus target price of $53.71 for Flex Ltd., with several firms providing 'buy' ratings and increasing their price targets, notably JPMorgan Chase raising it from $44.00 to $60.00.

CreativeOne Wealth LLC raised its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 78.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,654 shares of the technology company's stock after purchasing an additional 15,715 shares during the period. CreativeOne Wealth LLC's holdings in Flex were worth $1,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in Flex by 4.8% in the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock valued at $719,232,000 after purchasing an additional 996,276 shares in the last quarter. Invesco Ltd. lifted its holdings in Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock valued at $276,652,000 after purchasing an additional 2,968,285 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Flex by 3,794.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock valued at $95,936,000 after purchasing an additional 2,825,667 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Flex by 22.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,681,792 shares of the technology company's stock valued at $102,954,000 after purchasing an additional 497,307 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Flex by 89.1% in the 4th quarter. Northern Trust Corp now owns 2,499,749 shares of the technology company's stock valued at $95,965,000 after purchasing an additional 1,177,923 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on FLEX shares. JPMorgan Chase & Co. upped their target price on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. 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. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a research note on Friday, July 11th. Barclays upped their price objective on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, KGI Securities downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a research note 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.71.

Insider Activity

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the company'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 value of $628,125.00. Following the completion of the transaction, the chief operating officer owned 263,636 shares in the company, valued at $13,247,709. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Hartung sold 2,520 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $49.62, for a total value of $125,042.40. Following the completion of the transaction, the insider owned 301,198 shares of the company's stock, valued at approximately $14,945,444.76. This represents a 0.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 681,706 shares of company stock worth $29,778,944. Insiders own 0.57% of the company's stock.

Flex Stock Down 2.1%

FLEX opened at $53.62 on Friday. The firm has a 50 day moving average price of $50.97 and a 200 day moving average price of $42.17. The company has a market cap of $20.13 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $54.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36.

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 analysts' consensus estimates of $0.63 by $0.09. The firm had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Sell-side analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Flex 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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