KLP Kapitalforvaltning AS Increases Stake in Flex Ltd. $FLEX

Key Points

• KLP Kapitalforvaltning AS raised its stake in Flex by 66.1% in Q4 to 152,600 shares, valued at about $9.22 million.
• COO Kwang Hooi Tan sold 17,500 shares at an average price of $58.87 on March 9, reducing his ownership by 6.97%; company insiders now own about 0.57% of the stock.
• Flex beat Q results (EPS $0.87 vs. $0.79 est., revenue $7.06B vs. $6.84B) and set FY26 EPS guidance of 3.210–3.270, while analysts hold a consensus "Moderate Buy" with an average target of $72.30 (9 Buys, 3 Holds).

KLP Kapitalforvaltning AS raised its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 66.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,600 shares of the technology company's stock after buying an additional 60,700 shares during the period. KLP Kapitalforvaltning AS's holdings in Flex were worth $9,220,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fulton Bank N.A. boosted its position in shares of Flex by 0.3% in the third quarter. Fulton Bank N.A. now owns 49,904 shares of the technology company's stock worth $2,893,000 after purchasing an additional 167 shares during the period. Diversified Trust Co boosted its position in shares of Flex by 2.4% in the third quarter. Diversified Trust Co now owns 7,697 shares of the technology company's stock worth $446,000 after purchasing an additional 179 shares during the period. Parallel Advisors LLC boosted its position in shares of Flex by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company's stock worth $208,000 after purchasing an additional 181 shares during the period. Parcion Private Wealth LLC boosted its position in shares of Flex by 1.5% in the fourth quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company's stock worth $855,000 after purchasing an additional 216 shares during the period. Finally, US Bancorp DE boosted its position in shares of Flex by 1.2% in the third quarter. US Bancorp DE now owns 19,729 shares of the technology company's stock worth $1,144,000 after purchasing an additional 225 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the transaction, the chief operating officer owned 233,636 shares in the company, valued at $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FLEX has been the subject of a number of research reports. Wall Street Zen lowered shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Barclays upped their target price on shares of Flex from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. Zacks Research lowered shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Finally, Stifel Nicolaus upped their target price on shares of Flex from $75.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $72.30.

Flex Price Performance

FLEX stock opened at $91.41 on Friday. Flex Ltd. has a 52 week low of $33.35 and a 52 week high of $91.91. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $69.04 and a two-hundred day simple moving average of $64.83. The firm has a market capitalization of $33.61 billion, a P/E ratio of 40.99, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22.

Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the business earned $0.77 earnings per share. Flex's quarterly revenue was up 7.7% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Analysts anticipate that Flex Ltd. will post 2.93 earnings per share for the current fiscal year.

About Flex

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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