Ifrah Financial Services Inc. Buys Shares of 5,357 Flex Ltd. $FLEX

Key Points

• Ifrah Financial Services Inc. acquired 5,357 shares of Flex Ltd., valued at approximately $267,000, during the 2nd quarter.
• Analysts have recently increased their price targets for Flex, with Bank of America raising it from $58.00 to $65.00 and KeyCorp from $60.00 to $70.00, indicating a strong general outlook.
• Insider transactions saw notable sales, including CAO Daniel Wendler selling 10,000 shares for approximately $566,600, decreasing their position by 21%.

Ifrah Financial Services Inc. acquired a new position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,357 shares of the technology company's stock, valued at approximately $267,000.

A number of other large investors have also modified their holdings of FLEX. Brighton Jones LLC acquired a new position in shares of Flex in the fourth quarter valued at $260,000. GAMMA Investing LLC raised its stake in shares of Flex by 231.2% in the first quarter. GAMMA Investing LLC now owns 1,636 shares of the technology company's stock valued at $54,000 after purchasing an additional 1,142 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Flex by 28.7% in the first quarter. Fifth Third Bancorp now owns 2,872 shares of the technology company's stock valued at $95,000 after purchasing an additional 641 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Flex by 8.4% in the first quarter. Ritholtz Wealth Management now owns 11,768 shares of the technology company's stock valued at $389,000 after purchasing an additional 914 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Flex by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 222,815 shares of the technology company's stock valued at $7,371,000 after purchasing an additional 4,151 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FLEX has been the subject of a number of recent research reports. Bank of America upped their target price on Flex from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their price target on Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, July 25th. KeyCorp boosted their price target on Flex from $60.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. Wall Street Zen lowered Flex from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, JPMorgan Chase & Co. boosted their price target on Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.71.

Insider Transactions at Flex

In other Flex news, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total value of $566,600.00. Following the completion of the transaction, the chief accounting officer owned 37,619 shares in the company, valued at approximately $2,131,492.54. The trade was a 21.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Erin Mcsweeney sold 10,000 shares of Flex stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the transaction, the director owned 17,012 shares of the company's stock, valued at approximately $875,607.64. The trade was a 37.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is owned by company insiders.

Flex Trading Down 1.9%

Shares of FLEX opened at $62.14 on Friday. The stock has a fifty day moving average price of $55.79 and a two-hundred day moving average price of $47.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $64.29. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.06 and a beta of 1.15.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The business's revenue for the quarter 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. Analysts predict that Flex Ltd. will post 2.33 EPS for the current fiscal year.

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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