D. Scott Neal Inc. Acquires 9,200 Shares of 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. increased its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 267,751 shares of the technology company's stock after purchasing an additional 9,200 shares during the period. Flex accounts for about 6.7% of D. Scott Neal Inc.'s holdings, making the stock its 6th biggest holding. D. Scott Neal Inc. owned approximately 0.07% of Flex worth $13,366,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction dated Monday, July 28th. The shares were 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 $13,247,709. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the sale, the insider owned 256,198 shares in the company, valued at approximately $14,639,153.72. This trade represents a 14.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock valued at $4,923,667 over the last quarter. Corporate insiders own 0.57% of the company's stock.

Flex Stock Performance

FLEX traded up $0.03 on Friday, hitting $58.16. 1,155,105 shares of the company's stock were exchanged, compared to its average volume of 4,014,616. The firm has a market cap of $21.83 billion, a PE ratio of 25.49, a P/E/G ratio of 1.92 and a beta of 1.13. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $58.60. The stock has a fifty day moving average of $52.66 and a two-hundred day moving average of $43.68. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.09. The firm 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%. Flex's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter 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. On average, research analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLEX has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. KeyCorp boosted their price objective on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Wall Street Zen lowered shares of Flex from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, KGI Securities lowered shares of Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Flex has an average rating of "Moderate Buy" and a consensus target price of $53.71.

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.