Flex Ltd. $FLEX Shares Acquired by Mirova

Key Points

• Mirova boosted its stake in Flex by 74%, adding 56,183 shares to hold 132,141 shares worth about $7.66 million at the end of Q3.
• Flex beat quarterly expectations with $0.87 EPS (vs. $0.79) and $7.06B revenue (vs. $6.84B), and set FY2026 guidance of EPS 3.210–3.270.
• Company insiders sold stock recently—CFO Kevin Krumm sold 21,406 shares and COO Kwang Hooi Tan sold 17,500—leaving insiders with just 0.57% ownership.

Mirova boosted its stake in Flex Ltd. (NASDAQ:FLEX - Free Report) by 74.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,141 shares of the technology company's stock after acquiring an additional 56,183 shares during the quarter. Mirova's holdings in Flex were worth $7,660,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Boston Partners lifted its holdings in Flex by 3.5% in the 2nd quarter. Boston Partners now owns 20,620,717 shares of the technology company's stock worth $1,029,769,000 after buying an additional 687,835 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Flex by 1.7% during the third quarter. Vanguard Group Inc. now owns 13,083,744 shares of the technology company's stock valued at $758,465,000 after acquiring an additional 221,819 shares in the last quarter. State Street Corp increased its position in shares of Flex by 38.0% during the second quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock worth $611,997,000 after acquiring an additional 3,377,669 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Flex by 6.1% in the second quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company's stock worth $442,870,000 after acquiring an additional 508,495 shares in the last quarter. Finally, Norges Bank purchased a new position in Flex in the second quarter valued at about $291,362,000. Institutional investors and hedge funds own 94.30% of the company's stock.

Insider Activity

In other news, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the sale, the chief financial officer directly owned 143,803 shares in the company, valued at approximately $8,805,057.69. This represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kwang Hooi Tan sold 17,500 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company's stock, valued at $13,754,151.32. This represents a 6.97% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FLEX. The Goldman Sachs Group upped their target price on Flex from $67.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, December 9th. Zacks Research lowered shares of Flex from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Flex in a report on Monday, December 29th. Barclays raised their price objective on shares of Flex from $71.00 to $72.00 and gave the stock an "overweight" rating in a report on Thursday, February 5th. Finally, Wall Street Zen lowered shares of Flex from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 8th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.10.

Flex Stock Performance

FLEX stock opened at $63.45 on Thursday. The stock's 50 day simple moving average is $63.88 and its 200 day simple moving average is $61.74. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $72.22. The firm has a market cap of $23.33 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.60 and a beta of 1.24. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, equities research analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

Flex Profile

Flex NASDAQ: FLEX, formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.

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