Jump Financial LLC Purchases New Position in Flex Ltd. $FLEX

Key Points

• Jump Financial LLC invested approximately $2.88 million in Flex Ltd. during the first quarter, acquiring 87,130 shares of the technology company.
• Several other hedge funds, including Wellington Management Group LLP and Invesco Ltd., also increased their positions in Flex, indicating strong institutional interest in the stock.
• Flex recently received multiple analyst upgrades, with Wall Street Zen upgrading its rating from "buy" to "strong-buy" and Barclays raising its target price from $50.00 to $60.00.

Jump Financial LLC acquired a new position in Flex Ltd. (NASDAQ:FLEX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 87,130 shares of the technology company's stock, valued at approximately $2,882,000.

A number of other institutional investors have also bought and sold shares of FLEX. Olde Wealth Management LLC bought a new stake in Flex during the first quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in Flex during the first quarter valued at $26,000. CX Institutional bought a new stake in Flex during the first quarter valued at $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Flex during the 4th quarter worth about $35,000. Finally, CWM LLC boosted its position in shares of 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 in the last quarter. Institutional investors own 94.30% of the company's stock.

Flex Stock Performance

Flex stock traded down $1.14 during mid-day trading on Friday, reaching $53.62. The company's stock had a trading volume of 3,153,735 shares, compared to its average volume of 3,587,641. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $54.83. The company has a market capitalization of $20.13 billion, a P/E ratio of 23.52, a PEG ratio of 1.82 and a beta of 1.05. 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 firm's fifty day moving average price is $50.97 and its two-hundred day moving average price is $42.16.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the business earned $0.51 EPS. 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. Sell-side analysts predict that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FLEX shares. 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. Stifel Nicolaus raised their price target on shares of Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Bank of America raised their price target on shares of Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.71.

Insider Activity

In other news, EVP David Scott Offer sold 35,394 shares of Flex stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total transaction of $1,517,340.78. Following the completion of the sale, the executive vice president directly owned 140,013 shares of the company's stock, valued at approximately $6,002,357.31. The trade was a 20.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kwang Hooi Tan sold 37,533 shares of Flex stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total transaction of $1,609,039.71. Following the sale, the chief operating officer directly owned 269,151 shares of the company's stock, valued at $11,538,503.37. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 681,706 shares of company stock valued at $29,778,944 in the last quarter. 0.57% of the stock is currently owned by company insiders.

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.