Redhawk Wealth Advisors Inc. Purchases Shares of 32,859 Flex Ltd. $FLEX

Key Points

• Redhawk Wealth Advisors Inc. acquired a new stake in Flex Ltd., purchasing 32,859 shares valued at approximately $1,640,000.
• Insider selling was noted, with COO Kwang Hooi Tan and Director Erin Mcsweeney selling substantial amounts of their shares, reflecting under 1% ownership by company insiders.
• Analysts have raised price targets for Flex, with Barclays and KeyCorp both setting targets of $60.00 and maintaining an "overweight" rating.

Redhawk Wealth Advisors Inc. purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 32,859 shares of the technology company's stock, valued at approximately $1,640,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Flex during the 1st quarter valued at about $25,000. Olde Wealth Management LLC bought a new position in Flex during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new position in Flex during the 1st quarter valued at about $26,000. CX Institutional bought a new position in Flex during the 1st quarter valued at about $29,000. Finally, CWM LLC grew its holdings in Flex by 73.3% during the 1st quarter. CWM LLC now owns 1,281 shares of the technology company's stock valued at $42,000 after purchasing an additional 542 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.

Flex Stock Up 0.9%

Shares of FLEX traded up $0.52 during mid-day trading on Friday, hitting $58.65. The company's stock had a trading volume of 7,986,894 shares, compared to its average volume of 3,226,244. The company's 50-day moving average is $52.79 and its 200-day moving average is $43.85. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $58.80. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.98 and a beta of 1.13. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The firm had revenue of $6.58 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The company's revenue 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. On average, equities research analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. KGI Securities downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Bank of America boosted their price objective on shares of Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group reissued a "buy" rating on shares of Flex in a research report on Friday, July 11th. Stifel Nicolaus boosted their price objective on shares of Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Barclays boosted their price objective on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Flex has an average rating of "Moderate Buy" and an average target price of $53.71.

Insider Activity

In related news, Director Erin Mcsweeney sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the transaction, the director owned 17,012 shares in the company, valued at $875,607.64. The trade was a 37.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Kwang Hooi Tan sold 12,500 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer owned 263,636 shares of the company's stock, valued at approximately $13,247,709. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,020 shares of company stock worth $4,923,667 over the last 90 days. 0.57% of the stock is currently owned by insiders.

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.