New York State Teachers Retirement System Has $20.14 Million Holdings in Flex Ltd. $FLEX

Key Points

• New York State Teachers Retirement System trimmed its stake in Flex by 5.6% in Q4, selling 19,601 shares and now holds 333,380 shares worth $20.14 million.
• Major institutional buying continued as Vanguard boosted its stake by 196% to 38,746,330 shares (about $2.34 billion), leaving institutions with roughly 94.3% ownership of the company.
• Insider and fundamentals: COO Kwang Hooi Tan sold 17,500 shares (~$1.03 million), while Flex beat quarterly EPS estimates and issued FY2026 guidance of 3.210–3.270 EPS, with analysts holding a "Moderate Buy" consensus and an average target of $72.30.

New York State Teachers Retirement System lessened its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,380 shares of the technology company's stock after selling 19,601 shares during the period. New York State Teachers Retirement System owned 0.09% of Flex worth $20,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Flex by 196.1% in the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company's stock valued at $2,341,053,000 after purchasing an additional 25,662,586 shares during the last quarter. State Street Corp lifted its stake in shares of Flex by 38.0% in 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 last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Flex by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,631,237 shares of the technology company's stock valued at $326,443,000 after purchasing an additional 355,061 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Flex by 118.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company's stock valued at $162,968,000 after purchasing an additional 1,522,308 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Flex by 80.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company's stock valued at $153,374,000 after purchasing an additional 1,183,464 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Insider Activity

In other news, COO Kwang Hooi Tan sold 17,500 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. The trade was a 6.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company's stock.

Flex Stock Up 0.2%

Flex stock opened at $91.70 on Friday. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 1.97 and a beta of 1.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. Flex Ltd. has a fifty-two week low of $34.94 and a fifty-two week high of $93.53. The firm has a fifty day moving average price of $71.04 and a two-hundred day moving average price of $65.75.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.08. The firm 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 business's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $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, analysts forecast that Flex Ltd. will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FLEX. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Wall Street Zen lowered shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Barclays boosted 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. Robert W. Baird started coverage on shares of Flex in a research report on Thursday, March 12th. They set an "outperform" rating and a $70.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Flex from $75.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $72.30.

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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