Inspire Investing LLC Buys Shares of 18,537 Flex Ltd. $FLEX

Key Points

• Inspire Investing LLC purchased 18,537 shares of Flex Ltd., valued at approximately $925,000, during the 2nd quarter.
• Flex reported earnings of $0.72 per share for the last quarter, exceeding analyst estimates of $0.63 and demonstrating a revenue increase of 4.1% year-over-year.
• Analysts have mixed views on Flex, with recent upgrades from KeyCorp and Bank of America raising price targets, while Wall Street Zen downgraded the stock to a "buy" rating.

Inspire Investing LLC purchased a new position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,537 shares of the technology company's stock, valued at approximately $925,000.

Several other institutional investors and hedge funds have also modified their holdings of FLEX. Rise Advisors LLC bought a new position in Flex during the first quarter valued at about $25,000. Olde Wealth Management LLC bought a new stake in shares of Flex during the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Flex during the 1st quarter worth about $26,000. CX Institutional bought a new stake in shares of Flex during the 1st quarter worth about $29,000. Finally, CWM LLC boosted its position in Flex by 73.3% during the first quarter. CWM LLC now owns 1,281 shares of the technology company's stock worth $42,000 after purchasing an additional 542 shares during the period. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex Stock Down 5.1%

FLEX opened at $56.59 on Friday. The firm's 50-day simple moving average is $54.67 and its 200-day simple moving average is $46.27. 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 twelve month low of $25.11 and a twelve month high of $60.05. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.84 and a beta of 1.15.

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

Insider Activity

In related news, insider Michael P. Hartung sold 45,000 shares of Flex stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total value of $2,571,300.00. Following the completion of the sale, the insider directly owned 256,198 shares in the company, valued at $14,639,153.72. This trade represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director owned 111,355 shares in the company, valued at approximately $5,767,075.45. The trade was a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FLEX has been the topic of several analyst reports. Wall Street Zen downgraded Flex from a "strong-buy" rating to a "buy" rating in a report on Saturday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Flex in a report on Wednesday. KeyCorp increased their price target on Flex from $60.00 to $70.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group set a $66.00 price target on Flex in a report on Monday, September 29th. Finally, Bank of America upped their price target on Flex from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Flex presently has an average rating of "Moderate Buy" and a consensus 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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