Flex Ltd. $FLEX Shares Acquired by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Flex Ltd. by 35.4% in the second quarter, now owning 45,057 shares worth approximately $2.25 million.
• Flex reported a profit of $0.72 per share for the last quarter, exceeding estimates and showing a 4.1% year-over-year revenue growth.
• Analysts have issued a consensus rating of "Moderate Buy" for Flex, with an average price target of $59.71, following several adjustments in ratings and target prices from major brokerages.

Vanguard Personalized Indexing Management LLC increased its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 35.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,057 shares of the technology company's stock after purchasing an additional 11,791 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Flex were worth $2,249,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new stake in Flex in the 1st quarter valued at about $2,882,000. Sowell Financial Services LLC acquired a new position in Flex during the first quarter worth approximately $246,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Flex by 7,157.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company's stock worth $2,290,000 after purchasing an additional 68,065 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Flex by 7.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company's stock valued at $3,563,000 after purchasing an additional 7,637 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Flex by 20.9% during the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company's stock valued at $229,000 after buying an additional 1,200 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FLEX. The Goldman Sachs Group set a $66.00 target price on Flex in a research report on Monday, September 29th. KGI Securities lowered Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Wall Street Zen lowered Flex from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 11th. Stifel Nicolaus boosted their target price on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Barclays raised their price target on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Eight investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.71.

Flex Trading Up 6.7%

NASDAQ FLEX opened at $63.60 on Thursday. The stock has a market cap of $23.87 billion, a P/E ratio of 27.89, a PEG ratio of 1.94 and a beta of 1.15. The company's fifty day simple moving average is $55.28 and its 200-day simple moving average is $46.74. 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 Ltd. has a 52 week low of $25.11 and a 52 week high of $63.65.

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

Insider Transactions at Flex

In other news, Director Erin Mcsweeney sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the sale, the director owned 17,012 shares of the company's stock, valued at approximately $875,607.64. This trade represents a 37.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director directly owned 111,355 shares in the company, valued at $5,767,075.45. This represents a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,020 shares of company stock valued at $4,923,667 in the last three months. 0.57% of the stock is currently owned by company insiders.

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.

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