Neuberger Berman Group LLC Sells 26,369,587 Shares of Flex Ltd. $FLEX

Key Points

• Neuberger Berman sold 26,369,587 shares of Flex in Q3, trimming its position by 99.9% and leaving it with just 17,964 shares worth about $1.04 million.
• Other large institutions added to positions—Boston Partners (20.62M shares), Vanguard (13.08M) and State Street (12.26M) among them—leaving institutional ownership at about 94.3%.
• Flex beat quarterly estimates (EPS $0.87 vs $0.79, revenue $7.06B vs $6.84B), issued FY2026 guidance of 3.210–3.270 EPS, and has a consensus analyst rating of “Moderate Buy” with an average price target of $66.78.

Neuberger Berman Group LLC trimmed its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 99.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,964 shares of the technology company's stock after selling 26,369,587 shares during the quarter. Neuberger Berman Group LLC's holdings in Flex were worth $1,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in Flex by 3.5% during the second quarter. Boston Partners now owns 20,620,717 shares of the technology company's stock valued at $1,029,769,000 after purchasing an additional 687,835 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Flex by 1.7% in the third quarter. Vanguard Group Inc. now owns 13,083,744 shares of the technology company's stock worth $758,465,000 after purchasing an additional 221,819 shares in the last quarter. State Street Corp raised its position in shares of Flex by 38.0% during the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock valued at $611,997,000 after purchasing an additional 3,377,669 shares during the period. Invesco Ltd. lifted its stake in shares of Flex by 6.1% during the 2nd quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company's stock valued at $442,870,000 after buying an additional 508,495 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Flex by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company's stock valued at $358,500,000 after buying an additional 2,459,511 shares in the last quarter. Institutional investors own 94.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FLEX. The Goldman Sachs Group increased their price target on Flex from $67.00 to $74.00 and gave the stock a "buy" rating in a research note on Tuesday, December 9th. Zacks Research downgraded Flex from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Wall Street Zen cut Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Raymond James Financial set a $80.00 target price on Flex and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $23.00 price target on shares of Flex in a report on Wednesday, November 12th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Flex presently has an average rating of "Moderate Buy" and an average price target of $66.78.

Flex Stock Down 5.7%

Shares of FLEX stock opened at $59.91 on Monday. The company's fifty day simple moving average is $63.65 and its two-hundred day simple moving average is $61.22. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $72.22. The stock has a market cap of $22.03 billion, a P/E ratio of 26.87, a PEG ratio of 1.46 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm 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 posted $0.77 earnings per share. The business'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 predict that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Daniel Wendler sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the sale, the chief accounting officer directly owned 27,619 shares of the company's stock, valued at $1,987,739.43. This represents a 26.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer owned 143,803 shares of the company's stock, valued at $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by corporate insiders.

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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