J. Safra Sarasin Holding AG Has $22.40 Million Stake in Flex Ltd. $FLEX

Key Points

• J. Safra Sarasin Holding AG cut its stake in Flex by 44.5% in Q4, selling 296,716 shares and retaining 370,768 shares worth about $22.40 million (≈0.10% of the company).
• Flex beat quarterly estimates with $0.87 EPS vs. $0.79 expected and revenue of $7.06B vs. $6.84B, set FY2026 guidance of EPS 3.210–3.270, and carries a consensus rating of "Moderate Buy" with an average price target of $67.10.
• Company insiders sold stock recently (COO sold 17,500 shares at $58.87; CFO sold 21,406 shares at $61.23), reducing their holdings; institutional investors own 94.30% of the shares while insiders hold 0.57%.

J. Safra Sarasin Holding AG reduced its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 370,768 shares of the technology company's stock after selling 296,716 shares during the period. J. Safra Sarasin Holding AG owned 0.10% of Flex worth $22,402,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. USA Financial Formulas bought a new stake in shares of Flex during the 4th quarter valued at about $28,000. CENTRAL TRUST Co lifted its stake in 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 buying an additional 355 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Flex during the 3rd quarter worth approximately $52,000. Root Financial Partners LLC bought a new position in shares of Flex during the 3rd quarter worth approximately $57,000. Finally, CI Investments Inc. grew its position in shares of Flex by 60.4% during the 3rd quarter. CI Investments Inc. now owns 1,022 shares of the technology company's stock worth $59,000 after buying an additional 385 shares during the period. 94.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. The Goldman Sachs Group lifted their price target on shares of Flex from $67.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, December 9th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an "outperform" rating in a report on Wednesday, February 4th. Wall Street Zen cut shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Finally, Barclays boosted their target price on Flex from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Flex has a consensus rating of "Moderate Buy" and an average price target of $67.10.

Insider Activity

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the business'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 transaction of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares of the company's stock, valued at approximately $13,754,151.32. The trade was a 6.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the sale, the chief financial officer directly owned 143,803 shares of the company's stock, valued at approximately $8,805,057.69. This trade represents a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by company insiders.

Flex Stock Performance

NASDAQ FLEX opened at $60.57 on Tuesday. The company has a market cap of $22.27 billion, a P/E ratio of 27.16, a PEG ratio of 1.58 and a beta of 1.24. The company has a fifty day simple moving average of $64.15 and a 200 day simple moving average of $62.33. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $72.22.

Flex (NASDAQ:FLEX - Get Free Report) last released 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. The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Sell-side analysts predict that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Flex Profile

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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