Janney Montgomery Scott LLC Acquires 4,875 Shares of Flex Ltd. $FLEX

Key Points

• Janney Montgomery Scott LLC increased its holdings in Flex Ltd. by 2.2%, acquiring an additional 4,875 shares, bringing its total ownership to 227,690 shares, valued at approximately $11.36 million.
• In the most recent quarter, Flex reported an earnings per share (EPS) of $0.72, surpassing expectations, and a revenue of $6.58 billion, which also exceeded forecasts.
• Flex has recently been analyzed positively by several research firms, with target prices being adjusted upwards, including a new target price of $66.00 from Goldman Sachs, reflecting optimism about its future growth.

Janney Montgomery Scott LLC boosted its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,690 shares of the technology company's stock after acquiring an additional 4,875 shares during the period. Janney Montgomery Scott LLC owned 0.06% of Flex worth $11,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLEX. Rise Advisors LLC acquired a new position in Flex in the 1st quarter valued at $25,000. Olde Wealth Management LLC bought a new stake in Flex during the 1st quarter worth $26,000. Cullen Frost Bankers Inc. bought a new position in Flex in the 1st quarter valued at approximately $26,000. CX Institutional bought a new stake in shares of Flex in the first quarter worth $29,000. Finally, CWM LLC raised its position in Flex by 73.3% during the 1st 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 last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Trading Down 3.4%

Shares of FLEX stock opened at $56.13 on Friday. 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 $59.76. The company has a market capitalization of $21.07 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. The business's fifty day moving average is $53.91 and its 200 day moving average is $45.45.

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, topping analysts' consensus estimates of $0.63 by $0.09. The company had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm's revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. 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 research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction on 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 of the company's stock, valued at $14,639,153.72. This represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the completion of the transaction, the chief operating officer directly owned 263,636 shares in the company, valued at approximately $13,247,709. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock valued at $4,923,667 over the last quarter. Insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FLEX shares. KGI Securities lowered Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Bank of America boosted their target price on Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Stifel Nicolaus boosted their target price on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group set a $66.00 target price on Flex in a research note on Monday, September 29th. Finally, Barclays boosted their target price on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Eight research 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 an average target price of $57.29.

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.

Want to see what other hedge funds are holding FLEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flex Ltd. (NASDAQ:FLEX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.