Flex Ltd. $FLEX Shares Sold by Otter Creek Advisors LLC

Key Points

• Otter Creek Advisors LLC has reduced its stake in Flex Ltd. by 27.6%, currently holding 101,508 shares valued at approximately $5.07 million, marking it as the second largest position in their portfolio.
• Insider trading activity shows that COO Kwang Hooi Tan sold 12,500 shares for about $628,125, reducing his ownership by 4.53%, while Director William D. Watkins sold 10,000 shares for $517,900.
• Flex reported $0.72 earnings per share for the latest quarter, exceeding analysts' expectations, and set FY 2026 guidance targeting $2.860-3.060 EPS.

Otter Creek Advisors LLC cut its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 27.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,508 shares of the technology company's stock after selling 38,712 shares during the quarter. Flex makes up 3.6% of Otter Creek Advisors LLC's portfolio, making the stock its 2nd largest position. Otter Creek Advisors LLC's holdings in Flex were worth $5,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of Flex in the first quarter valued at $25,000. Olde Wealth Management LLC acquired a new stake in shares of Flex in the first quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Flex in the first quarter valued at $26,000. Concord Wealth Partners bought a new position in Flex in the second quarter valued at about $28,000. Finally, Harbour Investments Inc. boosted its holdings in Flex by 74.7% in the second quarter. Harbour Investments Inc. now owns 704 shares of the technology company's stock valued at $35,000 after acquiring an additional 301 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $50.25, for a total transaction of $628,125.00. Following the transaction, the chief operating officer owned 263,636 shares in the company, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William D. Watkins sold 10,000 shares of Flex stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.79, for a total value of $517,900.00. Following the transaction, the director owned 111,355 shares in the company, valued at $5,767,075.45. This trade represents a 8.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,020 shares of company stock valued at $4,923,667. Insiders own 0.57% of the company's stock.

Flex Price Performance

Shares of FLEX opened at $62.14 on Friday. 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 1 year low of $25.11 and a 1 year high of $64.29. The stock has a market cap of $23.32 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15. The stock's 50-day moving average price is $55.79 and its two-hundred day moving average price is $47.15.

Flex (NASDAQ:FLEX - Get Free Report) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.09. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm had revenue of $6.58 billion for the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter last year, the business earned $0.51 earnings per share. The company's 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. On average, equities analysts predict that Flex Ltd. will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on FLEX. Stifel Nicolaus raised their price target on Flex from $45.00 to $52.00 and gave the company a "buy" rating in a report on Friday, July 25th. Barclays raised their price target on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, July 25th. KeyCorp raised their price target on Flex from $60.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, October 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Flex in a report on Wednesday, October 8th. Finally, Bank of America raised their price target on Flex from $58.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.71.

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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