Raymond James Financial Inc. Sells 116,478 Shares of Flex Ltd. $FLEX

Key Points

• Raymond James Financial Inc. sold 116,478 shares of Flex Ltd., reducing its stake by 13.8%, and now holds approximately 724,694 shares valued at $23,973,000.
• Several institutional investors have adjusted their positions in Flex, with notable increases from SBI Securities Co. Ltd. and Dynasty Wealth Management LLC.
• Flex Ltd. recently reported earnings of $0.72 per share, exceeding expectations, with revenues of $6.58 billion, reflecting a 4.1% year-over-year increase.

Raymond James Financial Inc. decreased its position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 13.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 724,694 shares of the technology company's stock after selling 116,478 shares during the quarter. Raymond James Financial Inc. owned about 0.19% of Flex worth $23,973,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Dynasty Wealth Management LLC lifted its holdings in shares of Flex by 0.7% during the 1st quarter. Dynasty Wealth Management LLC now owns 37,233 shares of the technology company's stock valued at $1,232,000 after purchasing an additional 276 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Flex by 30.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,299 shares of the technology company's stock worth $43,000 after purchasing an additional 306 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Flex by 2.7% during the 1st quarter. Stephens Inc. AR now owns 12,634 shares of the technology company's stock worth $418,000 after acquiring an additional 332 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Flex by 4.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 8,622 shares of the technology company's stock worth $285,000 after acquiring an additional 396 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Flex by 1.8% during the 1st quarter. Park Avenue Securities LLC now owns 24,916 shares of the technology company's stock worth $824,000 after acquiring an additional 432 shares during the last quarter. Institutional investors own 94.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on FLEX shares. Wall Street Zen raised Flex from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. KeyCorp upped their price objective on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their target price on Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Bank of America increased their target price on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Flex in a research note on Friday, July 11th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.71.

Flex Trading Up 2.0%

NASDAQ FLEX opened at $52.98 on Tuesday. The business has a 50 day simple moving average of $50.33 and a 200 day simple moving average of $41.85. Flex Ltd. has a one year low of $25.11 and a one year high of $53.97. The stock has a market capitalization of $19.88 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.77 and a beta of 1.05. 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 released its earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $6.27 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The firm's revenue was up 4.1% on a year-over-year basis. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Transactions at Flex

In other Flex news, insider Michael P. Hartung sold 35,393 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total value of $1,517,297.91. Following the transaction, the insider owned 293,195 shares in the company, valued at approximately $12,569,269.65. This represents a 10.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Scott Offer sold 35,394 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total value of $1,517,340.78. Following the completion of the transaction, the executive vice president owned 140,013 shares in the company, valued at approximately $6,002,357.31. The trade was a 20.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 681,706 shares of company stock worth $29,778,944 in the last three months. 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.

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