Flex Ltd. $FLEX Stock Position Lifted by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas boosted its stake in Flex by 62.3% in Q4 to 340,389 shares (about $20.6M), reflecting continued institutional accumulation of the stock.
• Flex beat quarterly expectations with $0.87 EPS versus $0.79 est. and $7.06B revenue versus $6.84B, and set FY 2026 guidance of $3.210–$3.270 EPS.
• Shares are up (~5.2%) and trading near a 12‑month high (~$91.91) with a market cap of $33.6B, while institutional ownership is very high (~94.3%) even as the COO sold 17,500 shares, trimming his stake by 6.97%.

Teacher Retirement System of Texas boosted its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 62.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 340,389 shares of the technology company's stock after purchasing an additional 130,641 shares during the period. Teacher Retirement System of Texas owned about 0.09% of Flex worth $20,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLEX. Brighton Jones LLC purchased a new position in Flex during the fourth quarter valued at approximately $260,000. Goldman Sachs Group Inc. grew its position in Flex by 19.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company's stock valued at $42,314,000 after purchasing an additional 211,046 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Flex during the 1st quarter valued at about $397,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Flex by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company's stock valued at $132,000 after buying an additional 1,031 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Flex by 92.4% during the 2nd quarter. First Trust Advisors LP now owns 62,078 shares of the technology company's stock valued at $3,099,000 after buying an additional 29,821 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Flex Stock Up 5.2%

Shares of FLEX stock opened at $91.41 on Friday. The stock's 50 day simple moving average is $69.04 and its 200 day simple moving average is $64.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. Flex Ltd. has a twelve month low of $33.35 and a twelve month high of $91.91. The company has a market capitalization of $33.61 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 1.87 and a beta of 1.22.

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

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FLEX shares. Robert W. Baird started coverage on Flex in a report on Thursday, March 12th. They set an "outperform" rating and a $70.00 price target for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Flex in a report on Monday, December 29th. Raymond James Financial set a $80.00 price target on Flex and gave the company an "outperform" rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price target on Flex from $75.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Finally, Zacks Research lowered Flex from a "strong-buy" rating to a "hold" rating in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $72.30.

About Flex

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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