Earnest Partners LLC Has $136.33 Million Holdings in Flex Ltd. $FLEX

Key Points

• Earnest Partners LLC increased its ownership in Flex Ltd. (NASDAQ:FLEX) by 3.2% in Q1, holding over 4.1 million shares valued at approximately $136 million.
• Analysts have raised their price targets for Flex, with JPMorgan, Barclays, and Bank of America now projecting a price of $60.00, reflecting a bullish outlook on the company's performance.
• Flex reported a strong quarterly earnings result with $0.72 EPS, exceeding analysts' expectations, and announced guidance for FY 2026 between $2.860 and $3.060 EPS.

Earnest Partners LLC increased its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,121,113 shares of the technology company's stock after purchasing an additional 128,464 shares during the period. Earnest Partners LLC owned approximately 1.08% of Flex worth $136,326,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Olde Wealth Management LLC acquired a new stake in shares of Flex during the first quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Flex during the first quarter worth $26,000. CX Institutional acquired a new stake in shares of Flex during the first quarter worth $29,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Flex during the fourth quarter worth $35,000. Finally, CWM LLC grew its stake in shares of Flex by 73.3% during the first 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. 94.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Kwang Hooi Tan sold 12,500 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total value of $628,125.00. Following the sale, the chief operating officer directly owned 263,636 shares in the company, valued at $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael P. Hartung sold 2,520 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $49.62, for a total value of $125,042.40. Following the completion of the sale, the insider owned 301,198 shares in the company, valued at approximately $14,945,444.76. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 681,706 shares of company stock valued at $29,778,944. Corporate insiders own 0.57% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on FLEX shares. Stifel Nicolaus lifted their price objective on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Flex in a research note on Friday, July 11th. Barclays boosted their target price on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, KeyCorp boosted their target price on 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.71.

Flex Stock Down 2.1%

Shares of Flex stock traded down $1.14 during trading on Friday, reaching $53.62. The stock had a trading volume of 3,153,735 shares, compared to its average volume of 3,587,641. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.82 and a beta of 1.05. The stock has a fifty day moving average price of $50.97 and a two-hundred day moving average price of $42.16. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $54.83. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. The company had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company 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. Sell-side analysts predict that Flex Ltd. will post 2.33 EPS for the current fiscal 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.