Flex Ltd. $FLEX Shares Sold by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management trimmed its position in Flex by 10.2% in Q4, selling 18,593 shares and now holds 164,529 shares worth about $9.94 million.
• COO Kwang Hooi Tan sold 17,500 shares on March 9 at an average price of $58.87 for roughly $1.03 million, a 6.97% reduction in his holding; company insiders own about 0.57% of the stock.
• Analysts remain broadly positive with nine Buys and three Holds (average rating "Moderate Buy") and an average target of $72.30, while firms like Stifel and JPMorgan have raised targets to $95 and $84 respectively.

Oppenheimer Asset Management Inc. decreased its position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,529 shares of the technology company's stock after selling 18,593 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Flex were worth $9,941,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. USA Financial Formulas bought a new position in Flex in the 4th quarter worth about $28,000. CENTRAL TRUST Co grew its position in Flex by 238.3% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Flex in the 3rd quarter worth about $52,000. Root Financial Partners LLC bought a new position in Flex in the 3rd quarter worth about $57,000. Finally, CI Investments Inc. grew its position in Flex by 60.4% in the 3rd quarter. CI Investments Inc. now owns 1,022 shares of the technology company's stock worth $59,000 after purchasing an additional 385 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Insider Activity at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the company'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 completion of the sale, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.57% of the company's stock.

Analyst Ratings Changes

FLEX has been the subject of several recent analyst reports. Wall Street Zen cut shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Robert W. Baird initiated coverage on shares of Flex in a research report on Thursday, March 12th. They issued an "outperform" rating and a $70.00 target price for the company. Stifel Nicolaus upped their target price on shares of Flex from $75.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Flex from $75.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.30.

Flex Stock Up 0.2%

FLEX stock opened at $91.70 on Friday. Flex Ltd. has a 12 month low of $34.94 and a 12 month high of $93.53. The firm has a market cap of $33.72 billion, a PE ratio of 41.12, a P/E/G ratio of 1.97 and a beta of 1.46. The firm has a 50 day simple moving average of $71.04 and a 200 day simple moving average of $65.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities research analysts forecast that Flex Ltd. will post 2.93 earnings per share for the current fiscal 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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