Financiere des Professionnels Fonds d investissement inc. Purchases New Stake in Flex Ltd. $FLEX

Key Points

• Financiere des Professionnels Fonds d investissement inc. has acquired a new stake in Flex Ltd., purchasing 12,476 shares valued at approximately $623,000 during the second quarter.
• Institutional investors own 94.30% of Flex's stock, with several firms, including Rise Advisors LLC and Olde Wealth Management LLC, also recently investing in the company.
• Flex received positive ratings from multiple brokerages, with **JPMorgan** raising their price objective from $44.00 to **$60.00**, indicating robust analyst confidence in the company's performance.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,476 shares of the technology company's stock, valued at approximately $623,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLEX. Rise Advisors LLC acquired a new stake in Flex during the 1st quarter worth about $25,000. Olde Wealth Management LLC acquired a new stake in shares of Flex during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Flex during the 1st quarter valued at about $26,000. CX Institutional acquired a new stake in shares of Flex during the 1st quarter valued at about $29,000. Finally, CWM LLC grew its position in shares of Flex by 73.3% during the 1st quarter. CWM LLC now owns 1,281 shares of the technology company's stock valued at $42,000 after acquiring an additional 542 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Daniel Wendler sold 10,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total value of $566,600.00. Following the completion of the sale, the chief accounting officer directly owned 37,619 shares of the company's stock, valued at approximately $2,131,492.54. This represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the transaction, the director owned 111,355 shares in the company, valued at approximately $5,767,075.45. This trade represents a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,020 shares of company stock valued at $4,923,667. Corporate insiders own 0.57% of the company's stock.

Flex Trading Up 0.9%

Shares of NASDAQ FLEX traded up $0.52 during midday trading on Friday, reaching $58.65. 7,986,894 shares of the stock were exchanged, compared to its average volume of 4,053,071. The company has a 50 day simple moving average of $52.66 and a 200 day simple moving average of $43.68. The stock has a market capitalization of $22.01 billion, a P/E ratio of 25.72, a PEG 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. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $58.80.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly 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 net margin of 3.42% and a return on equity of 20.25%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the firm earned $0.51 EPS. The business's revenue was up 4.1% compared to the same quarter last year. 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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FLEX. KGI Securities cut Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. KeyCorp raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Stifel Nicolaus raised their price target on shares of Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Bank of America raised their target price on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $53.71.

Flex 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.