Everpar Advisors LLC Makes New Investment in Flex Ltd. $FLEX

Key Points

• Everpar Advisors LLC has made a new investment of $222,000 in Flex Ltd. by acquiring 4,450 shares during the second quarter, according to their recent SEC filing.
• Multiple large investors, including Invesco Ltd. and Pacer Advisors Inc., have significantly increased their stakes in Flex, reflecting strong institutional interest as hedge funds own 94.30% of the company's stock.
• Analysts have provided varying opinions on Flex's stock ratings, with Wall Street Zen downgraded it from "strong-buy" to "buy," while others raised their price targets, indicating cautious optimism around its future performance.

Everpar Advisors LLC acquired a new position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,450 shares of the technology company's stock, valued at approximately $222,000.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Flex in the 1st quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in Flex in the 1st quarter worth about $26,000. Olde Wealth Management LLC bought a new position in Flex in the 1st quarter worth about $26,000. CX Institutional bought a new position in Flex in the 1st quarter worth about $29,000. Finally, Webster Bank N. A. increased its stake in Flex by 134.4% in the 2nd quarter. Webster Bank N. A. now owns 968 shares of the technology company's stock worth $48,000 after acquiring an additional 555 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FLEX has been the topic of several recent research reports. Wall Street Zen lowered Flex from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Bank of America increased their price objective on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Stifel Nicolaus increased their price objective on Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, July 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of Flex in a research report on Friday, July 11th. Finally, KGI Securities cut Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. 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 MarketBeat.com, Flex currently has an average rating of "Moderate Buy" and a consensus price target of $53.71.

Insider Buying and Selling at Flex

In other Flex news, 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 completion of the transaction, the chief accounting officer owned 37,619 shares in the company, valued at approximately $2,131,492.54. The trade was a 21.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erin Mcsweeney sold 10,000 shares of Flex stock in a transaction 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 transaction, the director owned 17,012 shares of the company's stock, valued at $875,607.64. The trade was a 37.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock valued at $4,923,667 in the last ninety days. Corporate insiders own 0.57% of the company's stock.

Flex Stock Up 0.9%

Shares of FLEX traded up $0.52 on Friday, reaching $58.65. The stock had a trading volume of 7,986,894 shares, compared to its average volume of 3,226,244. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.00 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 $52.79 and a 200-day simple moving average of $43.90. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $58.80.

Flex (NASDAQ:FLEX - Get Free Report) last released its 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 during 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 firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter 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. Sell-side analysts predict that Flex Ltd. will post 2.33 EPS 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.