Flex Ltd. $FLEX Stake Trimmed by Delphi Management Inc. MA

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 cut its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,297 shares of the technology company's stock after selling 5,274 shares during the quarter. Flex accounts for approximately 1.6% of Delphi Management Inc. MA's holdings, making the stock its 4th biggest holding. Delphi Management Inc. MA's holdings in Flex were worth $1,662,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Flex in the 1st quarter worth $25,000. Olde Wealth Management LLC purchased a new position in shares of Flex in the first quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Flex in the first quarter worth about $26,000. CX Institutional purchased a new position in shares of Flex in the first quarter worth about $29,000. Finally, CWM LLC increased its stake in Flex by 73.3% in the 1st quarter. CWM LLC now owns 1,281 shares of the technology company's stock worth $42,000 after purchasing an additional 542 shares during the period. Hedge funds and other institutional investors own 94.30% of the company's stock.

Insider Buying and Selling

In other news, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total transaction of $628,125.00. Following the transaction, the chief operating officer owned 263,636 shares in the company, valued at $13,247,709. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total transaction of $566,600.00. Following the transaction, the chief accounting officer owned 37,619 shares in the company, valued at $2,131,492.54. This represents a 21.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,020 shares of company stock valued at $4,923,667 in the last 90 days. 0.57% of the stock is owned by insiders.

Flex Stock Performance

Shares of FLEX stock traded down $0.08 on Friday, reaching $58.06. The stock had a trading volume of 1,043,071 shares, compared to its average volume of 4,013,724. The stock has a market cap of $21.79 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The company has a 50 day simple moving average of $52.66 and a 200 day simple moving average of $43.68. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $58.60.

Flex (NASDAQ:FLEX - Get Free Report) last announced its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to analysts' expectations of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $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. Equities research analysts expect that Flex Ltd. will post 2.33 EPS for the current year.

Analysts Set New Price Targets

FLEX has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. KeyCorp lifted their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Bank of America boosted their price objective on shares of Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Flex in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.