Dynamic Technology Lab Private Ltd Invests $1.64 Million in Flex Ltd. $FLEX

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $1.64 million in Flex Ltd., acquiring 49,430 shares as part of a growing interest by institutional investors, which now account for 94.30% of the stock ownership.
• Flex reported strong quarterly earnings with an EPS of $0.72, surpassing estimates, and a revenue of $6.58 billion, which marks a 4.1% increase year-over-year.
• Several research firms have recently upgraded Flex's stock ratings and price targets, with Barclays and JPMorgan raising their targets to $60.00, reflecting a positive outlook on Flex's performance.

Dynamic Technology Lab Private Ltd purchased a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 49,430 shares of the technology company's stock, valued at approximately $1,635,000.

Other hedge funds have also recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in Flex in the first quarter worth about $2,882,000. Sowell Financial Services LLC acquired a new stake in shares of Flex during the 1st quarter worth approximately $246,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Flex by 7,157.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company's stock worth $2,290,000 after buying an additional 68,065 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Flex by 7.6% in the first quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company's stock valued at $3,563,000 after buying an additional 7,637 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in Flex by 20.9% during the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company's stock worth $229,000 after acquiring an additional 1,200 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the business's 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 directly owned 263,636 shares of the company's stock, valued at $13,247,709. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Erin Mcsweeney sold 10,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 17,012 shares of the company's stock, valued at approximately $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,827 shares of company stock valued at $12,550,282 over the last ninety days. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays raised their price target on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Stifel Nicolaus boosted their target price on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Bank of America upped their price target on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, KeyCorp upped their target price on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Flex currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Flex Stock Up 3.3%

FLEX traded up $1.85 during trading on Wednesday, hitting $58.05. The company had a trading volume of 4,457,942 shares, compared to its average volume of 3,377,762. The company has a market capitalization of $21.79 billion, a PE ratio of 21.70, a PEG ratio of 1.91 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 one year low of $25.11 and a one year high of $58.22. The firm's 50-day moving average price is $51.96 and its 200 day moving average price is $42.89.

Flex (NASDAQ:FLEX - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The company's 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 expect that Flex Ltd. will post 2.33 earnings per share for the current year.

About Flex

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.