QRG Capital Management Inc. Boosts Stock Holdings in Flex Ltd. $FLEX

Key Points

• QRG Capital Management increased its stake in Flex by 80.7% in the fourth quarter, buying 13,680 more shares and bringing its total to 30,631 shares worth about $1.85 million.
• Flex reported a strong latest quarter, with EPS of $0.93 and revenue of $7.48 billion, both above analyst expectations, while revenue rose 17.2% year over year.
• Management also issued upbeat forward guidance and analysts turned more positive, with multiple firms raising price targets and the consensus rating sitting at Moderate Buy.

QRG Capital Management Inc. raised its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 80.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,631 shares of the technology company's stock after buying an additional 13,680 shares during the period. QRG Capital Management Inc.'s holdings in Flex were worth $1,851,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new stake in Flex in the 4th quarter worth about $28,000. CENTRAL TRUST Co lifted its position in shares of Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company's stock valued at $29,000 after acquiring an additional 355 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Flex in the third quarter valued at approximately $52,000. Root Financial Partners LLC acquired a new stake in shares of Flex in the third quarter worth approximately $57,000. Finally, CI Investments Inc. increased its position in shares of Flex by 60.4% during the third quarter. CI Investments Inc. now owns 1,022 shares of the technology company's stock worth $59,000 after purchasing an additional 385 shares in the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Flex Price Performance

Flex stock opened at $133.02 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $74.45 and a 200 day moving average price of $67.03. Flex Ltd. has a 12-month low of $37.93 and a 12-month high of $139.39. The stock has a market cap of $48.91 billion, a P/E ratio of 57.09, a PEG ratio of 2.90 and a beta of 1.46.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $7.48 billion during the quarter, compared to analysts' expectations of $6.96 billion. Flex had a net margin of 3.15% and a return on equity of 22.12%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. Sell-side analysts anticipate that Flex Ltd. will post 3.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Flex from $75.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. Wall Street Zen downgraded shares of Flex from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 8th. Robert W. Baird set a $165.00 price objective on shares of Flex in a research note on Thursday. KeyCorp increased their price objective on shares of Flex from $75.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Stifel Nicolaus upped their price target on Flex from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.80.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Q4 beat and stronger growth — Flex reported EPS and revenue above consensus (EPS $0.93; revenue ~$7.48B, +17% Y/Y), signaling continued top‑line momentum and margin improvement. Flex Q4 Earnings & Revenues Beat Estimates, Rise Y/Y, Stock Up
• Positive Sentiment: Material guidance raise — management issued FY‑2027 EPS and revenue targets well above Street expectations (FY EPS 4.210–4.510 vs. consensus ~3.60), improving forward visibility. Flex Ltd. 2026 Q4 - Results - Earnings Call Presentation
• Positive Sentiment: Strategic spinoff announced — Flex will carve out its cloud/power/AI data‑center infrastructure business into a listed company, a move investors view as value‑creative and focused on high‑growth AI infrastructure exposure. Flex to spin off AI data-center infrastructure unit into listed company
• Neutral Sentiment: Market reaction & momentum — shares ran to fresh highs and jumped strongly after hours on the combined beat/guidance/spinoff news, reflecting high investor enthusiasm but raising questions about near‑term volatility. Flex Ltd (FLEX) Hits All-Time High on Strong Earnings, Business Spinoff
• Neutral Sentiment: Deep dive available — the company’s earnings presentation and call materials offer line‑item detail useful for judging sustainability of margins and segment contributions. Flex Ltd. 2026 Q4 - Results - Earnings Call Presentation
• Negative Sentiment: Valuation and financial profile — the stock trades at elevated multiples (high P/E) and the company has modest short‑term liquidity metrics (quick ratio <1), which could amplify downside if growth slows.
• Negative Sentiment: Execution & event risk — the spinoff creates execution, timing and capital‑allocation risks; investors should watch separation details, tax treatment, and whether the market sustains valuation for two public entities. The stock has pulled back today after the initial post‑earnings surge.

Insider Buying and Selling

In other news, COO Kwang Hooi Tan sold 17,500 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company's stock, valued at $13,754,151.32. This represents a 6.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

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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