Caisse DE Depot ET Placement DU Quebec Has $24.02 Million Holdings in Flex Ltd. $FLEX

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its holdings in Flex Ltd. by 201.6% during Q1, now owning 726,222 shares valued at approximately $24 million.
• Flex reported a quarterly EPS of $0.72, exceeding analysts' expectations of $0.63, with revenues of $6.58 billion, up 4.1% year-over-year.
• Major investment firms like Bank of America and JPMorgan have raised their price targets for Flex, indicating strong analyst confidence with an average consensus rating of "Moderate Buy."

Caisse DE Depot ET Placement DU Quebec boosted its stake in Flex Ltd. (NASDAQ:FLEX - Free Report) by 201.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,222 shares of the technology company's stock after purchasing an additional 485,422 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.19% of Flex worth $24,023,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of 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 purchasing an additional 2,968,285 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Flex by 3,794.6% during the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock worth $95,936,000 after purchasing an additional 2,825,667 shares during the last quarter. Northern Trust Corp lifted its position in shares of Flex by 89.1% during the fourth quarter. Northern Trust Corp now owns 2,499,749 shares of the technology company's stock worth $95,965,000 after purchasing an additional 1,177,923 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Flex by 4.8% during the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock worth $719,232,000 after purchasing an additional 996,276 shares during the last quarter. Finally, LMR Partners LLP bought a new position in shares of Flex during the fourth quarter worth about $36,470,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FLEX has been the topic of several research reports. Bank of America increased their price objective 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. Stifel Nicolaus increased their price objective on shares of Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Flex from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. The Goldman Sachs Group reiterated a "buy" rating on shares of Flex in a research note on Friday, July 11th. Finally, Barclays increased their price objective on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently 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, COO Kwang Hooi Tan sold 37,533 shares of Flex stock in a transaction that occurred 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 transaction, the chief operating officer owned 269,151 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael P. Hartung sold 35,393 shares of Flex stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total transaction of $1,517,297.91. Following the completion of the transaction, the insider owned 293,195 shares in the company, valued at approximately $12,569,269.65. This trade represents a 10.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 681,706 shares of company stock worth $29,778,944. 0.57% of the stock is owned by corporate insiders.

Flex Price Performance

Shares of NASDAQ FLEX traded down $1.14 during mid-day trading on Friday, reaching $53.62. 3,153,735 shares of the company traded hands, compared to its average volume of 3,587,641. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $54.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market cap of $20.13 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The stock has a fifty day simple moving average of $50.97 and a 200-day simple moving average of $42.16.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business's revenue for the quarter 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. Equities research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal 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.