M&T Bank Corp Buys 29,525 Shares of Flex Ltd. $FLEX

Key Points

• M&T Bank Corp increased its stake in Flex by 315.9% in Q4, acquiring 29,525 shares to own 38,872 shares worth about $2.35 million.
• Flex beat quarterly estimates, reporting $0.87 EPS vs. $0.79 expected and $7.06 billion in revenue, and issued FY2026 EPS guidance of 3.210–3.270.
• Analyst consensus is a "Moderate Buy" (nine Buys, three Holds) with an average price target of $72.30, while several firms recently raised targets (e.g., Stifel to $95, Raymond James $80, Barclays $72).

M&T Bank Corp raised its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 315.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,872 shares of the technology company's stock after acquiring an additional 29,525 shares during the period. M&T Bank Corp's holdings in Flex were worth $2,349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas bought a new position in Flex during the 4th quarter valued at about $28,000. CENTRAL TRUST Co lifted its stake in Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company's stock valued at $29,000 after acquiring an additional 355 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Flex during the 3rd quarter valued at about $52,000. Root Financial Partners LLC bought a new position in Flex during the 3rd quarter valued at about $57,000. Finally, CI Investments Inc. lifted its stake in Flex by 60.4% during the 3rd quarter. CI Investments Inc. now owns 1,022 shares of the technology company's stock valued at $59,000 after acquiring an additional 385 shares during the period. Institutional investors own 94.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FLEX. Barclays upped their target price on shares of Flex from $71.00 to $72.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Robert W. Baird assumed coverage on shares of Flex in a research note on Thursday, March 12th. They issued an "outperform" rating and a $70.00 price objective on the stock. Wall Street Zen cut shares of Flex from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 8th. Finally, Stifel Nicolaus increased their price objective on shares of Flex from $75.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Flex has a consensus rating of "Moderate Buy" and an average price target of $72.30.

Insider Transactions at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares of the company's stock, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.57% of the company's stock.

Flex Trading Down 3.2%

Flex stock opened at $87.16 on Wednesday. The firm has a 50 day moving average of $70.01 and a 200 day moving average of $65.34. The firm has a market capitalization of $32.05 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 1.94 and a beta of 1.22. Flex Ltd. has a 12-month low of $33.35 and a 12-month high of $92.05. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

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

Flex Company Profile

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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