PharVision Advisers LLC Buys New Position in Flex Ltd. $FLEX

Key Points

• PharVision Advisers LLC has acquired a new position in Flex Ltd. by purchasing 10,835 shares valued at approximately $358,000 during the first quarter.
• Flex Ltd. reported a quarterly EPS of $0.72, exceeding analysts' expectations, with a total revenue of $6.58 billion, reflecting a year-over-year increase of 4.1%.
• Several analysts have upgraded Flex’s rating, with price targets rising to as high as $60.00, indicating strong market optimism for the company's future performance.

PharVision Advisers LLC acquired a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,835 shares of the technology company's stock, valued at approximately $358,000.

Several other large investors have also made changes to their positions in FLEX. Dynasty Wealth Management LLC grew 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 acquiring an additional 276 shares during the last quarter. WealthTrust Axiom LLC raised its position in shares of Flex by 1.8% in the 1st 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 during the period. SBI Securities Co. Ltd. raised its position in shares of Flex by 30.8% in the 1st 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 during the period. Stephens Inc. AR raised its position in shares of Flex by 2.7% in the 1st 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 during the period. Finally, Resonant Capital Advisors LLC raised its position in shares of Flex by 4.8% in the 1st 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 during the period. Institutional investors own 94.30% of the company's stock.

Analyst Ratings Changes

FLEX has been the topic of several research analyst reports. KGI Securities downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Flex from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Stifel Nicolaus raised their target price on shares of Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Bank of America raised their target price on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, KeyCorp raised their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Flex currently has an average rating of "Moderate Buy" and a consensus target price of $53.71.

Flex Price Performance

FLEX stock traded up $1.85 during midday trading on Wednesday, reaching $58.05. The company had a trading volume of 4,457,675 shares, compared to its average volume of 4,065,387. The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12. The stock has a 50 day moving average price of $51.81 and a 200-day moving average price of $42.78. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $58.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. Flex had a return on equity of 20.25% and a net margin of 3.42%.The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Flex's revenue for the quarter was up 4.1% compared to the same quarter last year. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Equities research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Transactions at Flex

In other news, CEO Revathi Advaithi sold 132,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 1,331,695 shares in the company, valued at approximately $58,195,071.50. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Scott Offer sold 9,759 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $43.25, for a total value of $422,076.75. Following the sale, the executive vice president owned 61,242 shares in the company, valued at approximately $2,648,716.50. This trade represents a 13.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,827 shares of company stock valued at $12,550,282. Company insiders own 0.57% of the company's stock.

Flex Company 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.