Samalin Investment Counsel LLC Sells 5,982 Shares of Flex Ltd. $FLEX

Key Points

• Samalin Investment Counsel LLC has decreased its holdings in Flex Ltd. by 27.1% in the 1st quarter, selling 5,982 shares and retaining 16,073 shares valued at approximately $532,000.
• Insider COO Kwang Hooi Tan sold 12,500 shares at an average price of $50.25, resulting in a total transaction of $628,125, while also reducing their ownership by 4.53%.
• Flex Ltd. experienced a quarterly earnings beat with an EPS of $0.72, exceeding estimates by $0.09, and forecasted FY 2026 guidance of 2.860-3.060 EPS.

Samalin Investment Counsel LLC decreased its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 27.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,073 shares of the technology company's stock after selling 5,982 shares during the quarter. Samalin Investment Counsel LLC's holdings in Flex were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of Flex by 4.8% in the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company's stock valued at $719,232,000 after buying an additional 996,276 shares in the last quarter. Invesco Ltd. raised its position in shares of Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock valued at $276,652,000 after buying an additional 2,968,285 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Flex by 3,794.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock valued at $95,936,000 after buying an additional 2,825,667 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Flex by 22.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,681,792 shares of the technology company's stock valued at $102,954,000 after buying an additional 497,307 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Flex by 89.1% in the 4th quarter. Northern Trust Corp now owns 2,499,749 shares of the technology company's stock valued at $95,965,000 after buying an additional 1,177,923 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex Trading Down 2.1%

FLEX traded down $1.14 during trading on Monday, reaching $53.62. 3,153,735 shares of the company's stock were exchanged, compared to its average volume of 3,555,296. Flex Ltd. has a one year low of $25.11 and a one year high of $54.83. 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 stock has a market capitalization of $20.12 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.12. The firm has a fifty day moving average price of $50.97 and a two-hundred day moving average price of $42.16.

Flex (NASDAQ:FLEX - Get Free Report) last posted its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company'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. As a group, equities research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Insider Activity

In other Flex news, Director William D. Watkins 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 $51.79, for a total transaction of $517,900.00. Following the sale, the director directly owned 111,355 shares of the company's stock, valued at $5,767,075.45. The trade was a 8.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 sale, the chief operating officer directly owned 263,636 shares in the company, valued at $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 669,206 shares of company stock worth $29,253,069. Company insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

FLEX has been the subject of several analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of Flex in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Flex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Bank of America boosted their target price 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. KGI Securities cut shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Stifel Nicolaus upped their price objective on shares of Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Flex currently has a consensus rating of "Moderate Buy" and an average price target of $53.71.

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.