Delphi Management Inc. MA Sells 5,274 Shares of Flex Ltd. $FLEX

Key Points

• Delphi Management Inc. sold 5,274 shares of Flex Ltd., reducing its stake by 13.7%, and now holds 33,297 shares valued at approximately $1.66 million.
• Flex reported a quarterly revenue of $6.58 billion, surpassing estimates, and earnings per share of $0.72, which was higher than the consensus estimate of $0.63.
• Several large institutional investors, including Wellington Management and Invesco, increased their holdings in Flex, showcasing strong interest from the investment community.

Delphi Management Inc. MA lessened its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,297 shares of the technology company's stock after selling 5,274 shares during the period. Flex makes up 1.6% of Delphi Management Inc. MA's investment portfolio, making the stock its 4th largest position. Delphi Management Inc. MA's holdings in Flex were worth $1,662,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of 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 during the last quarter. Invesco Ltd. lifted its stake in Flex by 55.0% during the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock worth $276,652,000 after acquiring an additional 2,968,285 shares in the last quarter. Voya Investment Management LLC lifted its stake in Flex by 16.7% during the 1st quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company's stock worth $159,243,000 after acquiring an additional 690,611 shares in the last quarter. Earnest Partners LLC lifted its stake in Flex by 3.2% during the 1st quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company's stock worth $136,326,000 after acquiring an additional 128,464 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Flex by 16.9% during the 1st 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 acquiring an additional 453,455 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex Trading Down 0.8%

NASDAQ:FLEX opened at $57.29 on Friday. The stock's 50 day moving average price is $52.19 and its 200 day moving average price is $43.17. The company has a market capitalization of $21.50 billion, a PE ratio of 25.13, a P/E/G ratio of 1.96 and a beta of 1.13. 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.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly 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. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the business posted $0.51 EPS. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. KGI Securities lowered Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Wall Street Zen lowered Flex from a "strong-buy" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a research report on Friday, July 11th. Finally, Bank of America increased their price target on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Seven equities 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, Flex has a consensus rating of "Moderate Buy" and an average price target of $53.71.

Insiders Place Their Bets

In other news, Director Erin Mcsweeney sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the sale, the director directly owned 17,012 shares of the company's stock, valued at $875,607.64. This trade represents a 37.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kwang Hooi Tan sold 12,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the completion of the sale, the chief operating officer directly owned 263,636 shares of the company's stock, valued at $13,247,709. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,013 shares of company stock worth $5,097,662. Corporate insiders own 0.57% of the company's stock.

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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