Dakota Wealth Management Invests $251,000 in Flex Ltd. $FLEX

Key Points

• Dakota Wealth Management has invested approximately $251,000 in Flex Ltd., acquiring 5,023 shares in the second quarter.
• Analysts have set a price target range for Flex, with KeyCorp increasing its objective from $50 to $60 and maintaining an "overweight" rating.
• Insider selling has occurred, with directors selling a combined total of 20,000 shares around an average price of approximately $51.60, reducing their ownership stakes significantly.

Dakota Wealth Management purchased a new position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,023 shares of the technology company's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Flex by 39.4% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company's stock worth $43,000 after acquiring an additional 244 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Flex by 1.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,206 shares of the technology company's stock worth $759,000 after acquiring an additional 266 shares during the period. Dynasty Wealth Management LLC lifted its holdings in shares of Flex by 0.7% during the 1st quarter. Dynasty Wealth Management LLC now owns 37,233 shares of the technology company's stock worth $1,232,000 after acquiring an additional 276 shares during the period. WealthTrust Axiom LLC lifted its holdings in shares of Flex by 1.8% during the 1st quarter. WealthTrust Axiom LLC now owns 17,120 shares of the technology company's stock worth $566,000 after acquiring an additional 300 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in Flex by 30.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,299 shares of the technology company's stock worth $43,000 after purchasing an additional 306 shares in the last quarter. Institutional investors own 94.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FLEX. KeyCorp upped their price objective 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. Stifel Nicolaus upped their price objective on shares of Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a research report on Monday. Finally, Wall Street Zen upgraded shares of Flex from a "buy" rating to a "strong-buy" rating in a research report on Friday. Seven equities 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, Flex presently has an average rating of "Moderate Buy" and an average target price of $57.29.

Insider Buying and Selling

In other news, Director Erin Mcsweeney sold 10,000 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $875,607.64. This represents a 37.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William D. Watkins sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director directly owned 111,355 shares in the company, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,020 shares of company stock worth $4,923,667. Corporate insiders own 0.57% of the company's stock.

Flex Trading Up 1.2%

Shares of NASDAQ FLEX opened at $57.55 on Tuesday. 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 Ltd. has a 52-week low of $25.11 and a 52-week high of $59.76. The firm has a 50 day moving average price of $53.43 and a two-hundred day moving average price of $44.97. The stock has a market cap of $21.60 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the firm posted $0.51 EPS. The company's quarterly 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, equities analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

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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