Amundi Increases Position in Flex Ltd. $FLEX

Amundi boosted its stake in Flex Ltd. (NASDAQ:FLEX - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 643,315 shares of the technology company's stock after purchasing an additional 48,322 shares during the period. Amundi owned about 0.17% of Flex worth $21,281,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FLEX. Cullen Frost Bankers Inc. acquired a new position in shares of Flex in the first quarter worth $26,000. Olde Wealth Management LLC acquired a new position in shares of Flex in the first quarter worth $26,000. CX Institutional acquired a new position in shares of Flex in the first quarter worth $29,000. CWM LLC grew its stake in shares of Flex by 73.3% in the first quarter. CWM LLC now owns 1,281 shares of the technology company's stock worth $42,000 after acquiring an additional 542 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Flex by 30.8% in the first quarter. SBI Securities Co. Ltd. now owns 1,299 shares of the technology company's stock worth $43,000 after acquiring an additional 306 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Insider Transactions at Flex

In related news, COO Kwang Hooi Tan sold 12,500 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the completion of the sale, the chief operating officer directly owned 263,636 shares of the company's stock, valued at $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction 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 trade represents a 21.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,013 shares of company stock valued at $5,097,662 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KGI Securities downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. The Goldman Sachs Group restated a "buy" rating on shares of Flex in a research note on Friday, July 11th. Bank of America boosted their price target 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. Barclays boosted their target price 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. Finally, Stifel Nicolaus boosted their target price 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $53.71.

Flex Stock Down 0.8%

Shares of FLEX stock traded down $0.44 on Friday, reaching $57.29. 2,258,175 shares of the stock were exchanged, compared to its average volume of 3,468,910. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The business's 50 day moving average price is $52.19 and its 200 day moving average price is $43.17. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.96 and a beta of 1.13. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $58.60.

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 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 firm had revenue of $6.58 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Flex's quarterly 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, sell-side analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

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.