D. Scott Neal Inc. Has $13.37 Million Position in Flex Ltd. $FLEX

Key Points

• D. Scott Neal Inc. increased its stake in Flex Ltd. by 3.6% during the second quarter, holding approximately $13.37 million worth of shares.
• Flex Ltd. reported earnings of $0.72 per share for its latest quarter, outperforming analyst expectations, while revenue increased by 4.1% year-over-year.
• The majority of Flex's stock, about 94.30%, is owned by institutional investors, with several notable hedge funds recently adjusting their stakes in the company.

D. Scott Neal Inc. grew its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 3.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 267,751 shares of the technology company's stock after purchasing an additional 9,200 shares during the period. Flex comprises approximately 6.7% of D. Scott Neal Inc.'s portfolio, making the stock its 6th biggest position. D. Scott Neal Inc. owned about 0.07% of Flex worth $13,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLEX. Brighton Jones LLC bought a new stake in Flex during the 4th quarter worth approximately $260,000. Focus Partners Wealth boosted its stake in shares of Flex by 18.5% in the 4th quarter. Focus Partners Wealth now owns 21,265 shares of the technology company's stock worth $816,000 after buying an additional 3,317 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Flex by 23.3% in the 4th quarter. Lazard Asset Management LLC now owns 12,006 shares of the technology company's stock worth $460,000 after buying an additional 2,266 shares during the last quarter. Man Group plc lifted its stake in Flex by 2.2% in the fourth quarter. Man Group plc now owns 267,192 shares of the technology company's stock valued at $10,258,000 after purchasing an additional 5,821 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Flex by 11.9% in the fourth quarter. Quantinno Capital Management LP now owns 17,189 shares of the technology company's stock valued at $660,000 after purchasing an additional 1,824 shares during the last quarter. 94.30% of the stock is owned by institutional investors.

Flex Stock Down 0.8%

FLEX opened at $57.29 on Monday. The business's fifty day simple moving average is $52.19 and its 200 day simple moving average is $43.21. 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 $58.60. The stock has a market cap of $21.50 billion, a PE ratio of 25.13, a P/E/G ratio of 1.95 and a beta of 1.12.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (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 business had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company'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. As a group, research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 12,500 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total value of $628,125.00. Following the sale, the chief operating officer directly owned 263,636 shares of the company's stock, valued at $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Watkins sold 10,000 shares of the firm'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 completion of the sale, the director directly owned 111,355 shares in the company, valued at $5,767,075.45. The trade was a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,013 shares of company stock valued at $5,097,662. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FLEX shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Flex in a research note on Friday, July 11th. Stifel Nicolaus upped their price objective on Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, July 25th. KeyCorp upped their price objective on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Bank of America upped their price objective on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Finally, Barclays increased their target price on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus 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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