Horizon Investments LLC Acquires 23,592 Shares of Flex Ltd. $FLEX

Key Points

• Horizon Investments LLC boosted its stake in Flex by 33.2%, buying 23,592 shares to hold 94,694 shares valued at about $5.72 million at the end of the quarter.
• COO Kwang Hooi Tan sold 17,500 shares on March 9 for approximately $1.03 million, cutting his ownership by 6.97% to 233,636 shares (insiders own 0.57% of the stock).
• Fundamentals and analyst view: Flex beat Q results (EPS $0.87 vs. $0.79 est.) with revenue up 7.7%, set FY2026 guidance of 3.210–3.270 EPS, and carries a consensus "Moderate Buy" rating with an average target of $72.30 and a $33.7B market cap.

Horizon Investments LLC boosted its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,694 shares of the technology company's stock after purchasing an additional 23,592 shares during the period. Horizon Investments LLC's holdings in Flex were worth $5,721,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FLEX. USA Financial Formulas bought a new stake in Flex in the fourth quarter worth $28,000. CENTRAL TRUST Co increased its position in shares of Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company's stock valued at $29,000 after acquiring an additional 355 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Flex in the third quarter valued at about $52,000. Root Financial Partners LLC purchased a new position in shares of Flex in the third quarter valued at about $57,000. Finally, CI Investments Inc. increased its position 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 valued at $59,000 after acquiring an additional 385 shares during the period. 94.30% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 transaction of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares in the company, valued at $13,754,151.32. The trade was a 6.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Flex Price Performance

Shares of NASDAQ FLEX opened at $91.70 on Monday. Flex Ltd. has a 1 year low of $34.94 and a 1 year high of $93.53. 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 company's 50-day moving average is $71.04 and its 200 day moving average is $65.79. The stock has a market capitalization of $33.72 billion, a P/E ratio of 41.12, a P/E/G ratio of 1.97 and a beta of 1.46.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $6.84 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. Flex's quarterly 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, sell-side analysts expect that Flex Ltd. will post 2.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Flex from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Stifel Nicolaus boosted their price objective on shares of Flex from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their price objective on shares of Flex from $75.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, April 16th. Finally, Wall Street Zen cut shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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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