J. Safra Sarasin Holding AG Has $35.47 Million Stock Holdings in Flex Ltd. $FLEX

Key Points

• J. Safra Sarasin Holding AG decreased its stake in Flex Ltd. by 36.1%, selling 401,703 shares and leaving it with 710,620 shares valued at $35.47 million.
• Several large investors, including Invesco Ltd. and Pacer Advisors Inc., significantly increased their positions in Flex during the first quarter, indicating strong institutional interest in the stock.
• Flex's stock opened at $58.01, with a market cap of $21.77 billion and earnings per share of $0.72 for the last quarter, surpassing analysts' expectations.

J. Safra Sarasin Holding AG decreased its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 36.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 710,620 shares of the technology company's stock after selling 401,703 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.19% of Flex worth $35,474,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock worth $276,652,000 after purchasing an additional 2,968,285 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Flex by 3,794.6% during the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock worth $95,936,000 after acquiring an additional 2,825,667 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Flex by 73.6% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company's stock worth $91,888,000 after acquiring an additional 1,177,970 shares during the last quarter. Wellington Management Group LLP raised its stake in Flex by 4.8% in the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock valued at $719,232,000 after acquiring an additional 996,276 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Flex by 16.7% during the 1st quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company's stock valued at $159,243,000 after purchasing an additional 690,611 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Insider Transactions at Flex

In other Flex 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 transaction, the insider owned 256,198 shares in the company, valued at $14,639,153.72. The trade was a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the transaction, the director directly owned 17,012 shares of the company's stock, valued at $875,607.64. This trade represents a 37.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is owned by insiders.

Flex Stock Performance

NASDAQ:FLEX opened at $58.01 on Thursday. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.97 and a beta of 1.15. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $59.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The stock has a fifty day moving average price of $53.62 and a 200-day moving average price of $45.15.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. Flex's 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. As a group, equities analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen upgraded shares of Flex from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 26th. KeyCorp increased their price target on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Barclays boosted their price objective on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group set a $66.00 target price on Flex in a research note on Monday. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $57.29.

About Flex

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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