Ionic Capital Management LLC Trims Stock Holdings in Flex Ltd. $FLEX

Key Points

• Ionic Capital Management LLC has reduced its position in Flex Ltd. by 37.5%, selling 36,771 shares, and now holds 61,253 shares, representing 0.3% of its portfolio.
• Analyst ratings for Flex have been mixed, with Wall Street Zen upgrading to "strong-buy" while KGI Securities downgraded to "hold"; however, Bank of America and KeyCorp raised their price targets significantly.
• Flex reported strong quarterly earnings with an EPS of $0.72, surpassing estimates, and has provided FY 2026 guidance of 2.860-3.060 EPS, reflecting a positive outlook.

Ionic Capital Management LLC reduced its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 61,253 shares of the technology company's stock after selling 36,771 shares during the quarter. Flex makes up about 0.3% of Ionic Capital Management LLC's portfolio, making the stock its 14th largest holding. Ionic Capital Management LLC's holdings in Flex were worth $2,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLEX. Invesco Ltd. increased its position in Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock valued at $276,652,000 after acquiring an additional 2,968,285 shares during the period. Pacer Advisors Inc. increased its position in shares of Flex by 3,794.6% during the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock worth $95,936,000 after buying an additional 2,825,667 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Flex by 73.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company's stock worth $91,888,000 after buying an additional 1,177,970 shares during the period. Wellington Management Group LLP increased its position in shares of Flex by 4.8% during the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock worth $719,232,000 after buying an additional 996,276 shares during the period. Finally, LMR Partners LLP acquired a new stake in shares of Flex during the fourth quarter worth $36,470,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FLEX. Barclays increased their price objective on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Bank of America increased their price objective on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Flex presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.71.

Flex Stock Up 0.6%

Shares of FLEX traded up $0.36 during trading hours on Tuesday, reaching $56.20. 3,052,124 shares of the stock traded hands, compared to its average volume of 4,062,897. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $51.66 and a 200 day simple moving average of $42.69. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $56.85. The company has a market cap of $21.09 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.89 and a beta of 1.12.

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

Insider Buying and Selling at Flex

In related news, insider Michael P. Hartung sold 2,520 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $49.62, for a total transaction of $125,042.40. Following the completion of the sale, the insider owned 301,198 shares in the company, valued at approximately $14,945,444.76. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William D. Watkins sold 10,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the sale, the director owned 111,355 shares of the company's stock, valued at $5,767,075.45. This trade represents a 8.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,827 shares of company stock valued at $12,550,282 in the last three months. 0.57% of the stock is owned by corporate insiders.

Flex 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.