Flex Ltd. $FLEX Shares Purchased by Portolan Capital Management LLC

Key Points

• Portolan Capital raised its stake in Flex by 24.0% in Q3 to 595,786 shares (about $34.54M), making Flex its 14th-largest holding and 1.9% of the firm's portfolio.
• Flex beat estimates for the quarter with $0.87 EPS vs. $0.79 expected and $7.06B in revenue, issued FY2026 guidance of $3.210–3.270 EPS, and carries a MarketBeat consensus rating of Moderate Buy with a $67.10 price target.
• Company insiders have been selling shares (CFO sold 21,406 shares for ~$1.31M; COO sold 17,500 shares for ~$1.03M), while hedge funds and other institutions own 94.3% of the stock.

Portolan Capital Management LLC raised its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 24.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 595,786 shares of the technology company's stock after acquiring an additional 115,182 shares during the quarter. Flex makes up 1.9% of Portolan Capital Management LLC's investment portfolio, making the stock its 14th largest position. Portolan Capital Management LLC owned approximately 0.16% of Flex worth $34,538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co raised its position in shares of Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company's stock worth $29,000 after purchasing an additional 355 shares during the last quarter. MTM Investment Management LLC acquired a new stake in Flex during the 2nd quarter valued at $26,000. Root Financial Partners LLC purchased a new position in Flex during the third quarter worth $57,000. CI Investments Inc. raised its holdings in shares of Flex by 60.4% in the third quarter. CI Investments Inc. now owns 1,022 shares of the technology company's stock worth $59,000 after acquiring an additional 385 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new stake in shares of Flex in the second quarter valued at $57,000. Hedge funds and other institutional investors own 94.30% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer directly owned 143,803 shares of the company's stock, valued at approximately $8,805,057.69. This trade represents a 12.96% decrease in their position. The sale was disclosed in a filing with the SEC, 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 dated 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 sale, the chief operating officer directly owned 233,636 shares of the company's stock, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.57% of the company's stock.

Flex Stock Up 0.2%

FLEX opened at $63.44 on Friday. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22. The business has a 50-day moving average of $63.72 and a two-hundred day moving average of $61.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the firm posted $0.77 EPS. The company'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. On average, research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Flex Company 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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