Hsbc Holdings PLC Has $7.87 Million Position in Flex Ltd. $FLEX

Key Points

• Hsbc Holdings PLC increased its stake in Flex Ltd. by 180.0% in Q1, now owning 239,790 shares worth approximately $7.87 million.
• Flex reported a quarterly EPS of $0.72, surpassing expectations of $0.63, with revenue rising to $6.58 billion.
• Analysts have recently raised their price targets for Flex, with Barclays and KeyCorp setting new targets at $60.00, indicating strong market confidence.

Hsbc Holdings PLC increased its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 180.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 239,790 shares of the technology company's stock after buying an additional 154,157 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Flex worth $7,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FLEX. Olde Wealth Management LLC acquired a new stake in Flex in the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Flex during the first quarter valued at about $26,000. CX Institutional acquired a new stake in shares of Flex during the first quarter valued at about $29,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Flex during the fourth quarter valued at about $35,000. Finally, CWM LLC grew its stake in shares of Flex by 73.3% during the first quarter. CWM LLC now owns 1,281 shares of the technology company's stock valued at $42,000 after acquiring an additional 542 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Flex

In other Flex news, insider Michael P. Hartung sold 35,393 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 $1,517,297.91. Following the transaction, the insider owned 293,195 shares in the company, valued at approximately $12,569,269.65. The trade was a 10.77% 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, COO Kwang Hooi Tan sold 37,533 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 $1,609,039.71. Following the completion of the transaction, the chief operating officer owned 269,151 shares in the company, valued at approximately $11,538,503.37. This trade represents a 12.24% 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 $1.56 during mid-day trading on Friday, reaching $53.20. 1,657,726 shares of the company traded hands, compared to its average volume of 4,080,079. 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 $19.97 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. The stock has a fifty day simple moving average of $50.82 and a 200-day simple moving average of $42.09.

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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FLEX. KGI Securities downgraded Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. KeyCorp raised their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Barclays raised their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Stifel Nicolaus raised their target price on shares of Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report 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 report on Thursday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.