Quantum Financial Advisors LLC Invests $274,000 in Flex Ltd. $FLEX

Key Points

• Quantum Financial Advisors LLC recently acquired a new position in Flex Ltd. valued at approximately $274,000, purchasing 5,496 shares during the second quarter.
• Several institutional investors have increased their holdings in Flex, with notable purchases including ProShare Advisors LLC's new position valued at $694,000 and Royal Bank of Canada's substantial increase of 187.0% in stake during the fourth quarter.
• Flex's stock received multiple analysts' upgrades, with KeyCorp raising its target price to $60.00 and seven research analysts rating the stock as a "Buy."

Quantum Financial Advisors LLC bought a new position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,496 shares of the technology company's stock, valued at approximately $274,000.

A number of other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in Flex by 4.8% in the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock valued at $719,232,000 after acquiring an additional 996,276 shares during the period. Invesco Ltd. lifted its holdings in Flex by 55.0% in the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock valued at $276,652,000 after acquiring an additional 2,968,285 shares during the period. Voya Investment Management LLC lifted its holdings in Flex by 16.7% in the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company's stock valued at $159,243,000 after acquiring an additional 690,611 shares during the period. Earnest Partners LLC increased its position in shares of Flex by 3.2% in the first quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company's stock valued at $136,326,000 after buying an additional 128,464 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Flex by 16.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company's stock valued at $103,714,000 after buying an additional 453,455 shares in the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Trading Up 0.4%

NASDAQ:FLEX traded up $0.21 during trading hours on Tuesday, hitting $59.22. The company had a trading volume of 2,035,195 shares, compared to its average volume of 4,036,335. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $52.93 and a 200 day moving average of $44.14. The company has a market cap of $22.23 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.00 and a beta of 1.12. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $59.76.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FLEX. Barclays boosted their price objective on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. KGI Securities cut Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Stifel Nicolaus boosted their price objective on Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen cut Flex from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Insider Buying and Selling at Flex

In other news, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the transaction, the chief operating officer directly owned 263,636 shares in the company, valued at approximately $13,247,709. This represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.79, for a total value of $517,900.00. Following the transaction, the director directly owned 111,355 shares in the company, valued at approximately $5,767,075.45. The trade was a 8.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,020 shares of company stock worth $4,923,667. Insiders own 0.57% of the company's stock.

About Flex

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.