Dimensional Fund Advisors LP Sells 1,117,624 Shares of Flex Ltd. $FLEX

Key Points

• Dimensional Fund Advisors LP reduced its stake in Flex Ltd. by 13.1% during the first quarter, now holding 7,395,454 shares valued at $244 million.
• Insiders, including Michael P. Hartung, sold a total of 659,186 shares worth approximately $28.6 million over the last quarter, reducing their ownership to 0.57%.
• Flex's recent earnings report showed an EPS of $0.72, exceeding estimates, with revenues of $6.58 billion and a year-over-year revenue growth of 4.1%.

Dimensional Fund Advisors LP cut its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,395,454 shares of the technology company's stock after selling 1,117,624 shares during the period. Dimensional Fund Advisors LP owned about 1.93% of Flex worth $244,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FLEX. Invesco Ltd. raised its stake in Flex by 55.0% during the first 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. Pacer Advisors Inc. lifted its stake in Flex by 3,794.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock valued at $95,936,000 after purchasing an additional 2,825,667 shares during the last quarter. Northern Trust Corp boosted its position in Flex by 89.1% in the fourth quarter. Northern Trust Corp now owns 2,499,749 shares of the technology company's stock valued at $95,965,000 after buying an additional 1,177,923 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Flex during the fourth quarter worth $36,470,000. Finally, Woodline Partners LP acquired a new position in shares of Flex during the fourth quarter worth $35,121,000. Institutional investors own 94.30% of the company's stock.

Analyst Upgrades and Downgrades

FLEX has been the subject of a number of recent research reports. Stifel Nicolaus upped their target price on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. KeyCorp boosted their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Bank of America lifted their price target on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Flex currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Flex Trading Up 5.0%

NASDAQ FLEX traded up $2.47 during mid-day trading on Friday, reaching $51.88. 2,269,776 shares of the stock were exchanged, compared to its average volume of 4,094,717. The stock has a market cap of $19.47 billion, a P/E ratio of 22.75, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. Flex Ltd. has a one year low of $25.11 and a one year high of $53.97. The stock has a 50 day simple moving average of $49.97 and a 200-day simple moving average of $41.74.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.09. The firm had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The business's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, analysts anticipate that Flex Ltd. will post 2.33 EPS for the current year.

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 37,533 shares of Flex stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total value of $1,609,039.71. Following the completion of the sale, the chief operating officer directly owned 269,151 shares of the company's stock, valued at approximately $11,538,503.37. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Revathi Advaithi sold 181,028 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $42.91, for a total transaction of $7,767,911.48. Following the transaction, the chief executive officer directly owned 1,463,695 shares in the company, valued at $62,807,152.45. This trade represents a 11.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 661,706 shares of company stock valued at $28,746,344 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

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.