Maverick Capital Ltd. Increases Stock Position in Flex Ltd. $FLEX

Key Points

• Maverick Capital Ltd. increased its holdings in Flex Ltd. by 108.9%, now owning 18,683 shares valued at approximately $618,000.
• Multiple hedge funds, including Invesco Ltd. and Pacer Advisors Inc., also raised their stakes in Flex, contributing to institutional ownership of 94.30% of the company's shares.
• Flex reported strong quarterly earnings with an EPS of $0.72, exceeding estimates by $0.09, and set FY 2026 guidance between $2.860-$3.060 EPS.

Maverick Capital Ltd. increased its position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 108.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,683 shares of the technology company's stock after acquiring an additional 9,740 shares during the period. Maverick Capital Ltd.'s holdings in Flex were worth $618,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FLEX. Dynasty Wealth Management LLC increased its holdings in Flex by 0.7% during the 1st quarter. Dynasty Wealth Management LLC now owns 37,233 shares of the technology company's stock worth $1,232,000 after purchasing an additional 276 shares during the period. WealthTrust Axiom LLC raised its holdings in Flex by 1.8% in the first quarter. WealthTrust Axiom LLC now owns 17,120 shares of the technology company's stock valued at $566,000 after acquiring an additional 300 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Flex by 30.8% in the first quarter. SBI Securities Co. Ltd. now owns 1,299 shares of the technology company's stock valued at $43,000 after acquiring an additional 306 shares in the last quarter. Stephens Inc. AR raised its holdings in Flex by 2.7% in the first quarter. Stephens Inc. AR now owns 12,634 shares of the technology company's stock valued at $418,000 after acquiring an additional 332 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in Flex by 4.8% in the first quarter. Resonant Capital Advisors LLC now owns 8,622 shares of the technology company's stock valued at $285,000 after acquiring an additional 396 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex Stock Performance

Shares of FLEX traded up $0.49 during mid-day trading on Friday, reaching $55.66. 3,408,809 shares of the company's stock were exchanged, compared to its average volume of 3,328,119. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $20.89 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12. The business's fifty day simple moving average is $51.54 and its 200-day simple moving average is $42.58. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $56.58.

Flex (NASDAQ:FLEX - Get Free Report) last announced its earnings results 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 business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm 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 expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on FLEX shares. JPMorgan Chase & Co. raised their target price on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Barclays raised their target price on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wall Street Zen raised Flex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a research report on Friday, July 11th. Finally, KeyCorp upped their price objective on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.71.

Insider Transactions at Flex

In other Flex news, CEO Revathi Advaithi sold 132,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $43.70, for a total transaction of $5,768,400.00. Following the completion of the sale, the chief executive officer directly owned 1,331,695 shares of the company's stock, valued at $58,195,071.50. This represents a 9.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erin Mcsweeney sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total value of $514,700.00. Following the sale, the director directly owned 17,012 shares of the company's stock, valued at approximately $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 279,827 shares of company stock worth $12,550,282 over the last three months. 0.57% of the stock is currently owned by company insiders.

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.