Flex Ltd. $FLEX Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Flex Ltd. by 15.5%, selling 72,310 shares, and now owns approximately 0.11% of the company valued at $19.6 million.
• Multiple analysts raised their price targets for Flex Ltd. with Barclays setting it at $60.00 and Bank of America at $58.00, reflecting strong market confidence in the company.
• Insiders sold a total of 90,020 shares worth $4.9 million in the last quarter, indicating significant movements in ownership among top officials of the company.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,938 shares of the technology company's stock after selling 72,310 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Flex worth $19,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Jump Financial LLC purchased a new position in shares of Flex in the 1st quarter valued at approximately $2,882,000. Sowell Financial Services LLC acquired a new position in Flex during the 1st quarter valued at approximately $246,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Flex by 7,157.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company's stock worth $2,290,000 after buying an additional 68,065 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Flex by 7.6% during the first quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company's stock worth $3,563,000 after buying an additional 7,637 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in shares of Flex by 20.9% during the first quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company's stock valued at $229,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on FLEX shares. Stifel Nicolaus lifted their price target on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Barclays lifted their target price on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Bank of America increased their price target on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.29.

Insider Transactions at Flex

In other news, CAO Daniel Wendler sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total value of $566,600.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William D. Watkins sold 10,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.79, for a total transaction of $517,900.00. Following the sale, the director directly owned 111,355 shares of the company's stock, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,020 shares of company stock worth $4,923,667 in the last quarter. 0.57% of the stock is owned by insiders.

Flex Stock Down 3.4%

FLEX opened at $56.13 on Friday. The company has a market cap of $21.07 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $59.76. The company has a 50-day moving average price of $53.91 and a 200 day moving average price of $45.52. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59.

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, topping the consensus estimate of $0.63 by $0.09. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the business earned $0.51 EPS. Flex's quarterly revenue 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. Sell-side analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

About Flex

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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