Sumitomo Mitsui Trust Group Inc. Has $49.61 Million Stock Holdings in Flex Ltd. $FLEX

Key Points

• Sumitomo Mitsui Trust Group boosted its stake in Flex by 660% in Q4, buying 713,105 shares to own 821,158 shares worth $49.61 million (about 0.22% of the company).
• Flex beat Q results, reporting $0.87 EPS vs. $0.79 expected and $7.06B revenue vs. $6.84B expected, and issued FY2026 guidance of $3.210–3.270 EPS.
• Analysts hold a consensus "Moderate Buy" (nine Buy, three Hold) with an average price target of $67.10, while the stock trades near its 1‑year high (~$78) and a market cap of ~$28.8B.

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 660.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 821,158 shares of the technology company's stock after buying an additional 713,105 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Flex worth $49,614,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of Flex in the 4th quarter valued at $28,000. CENTRAL TRUST Co lifted its stake in shares of Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company's stock valued at $29,000 after purchasing an additional 355 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Flex in the 3rd quarter valued at $52,000. Root Financial Partners LLC acquired a new position in shares of Flex in the 3rd quarter valued at $57,000. Finally, CI Investments Inc. lifted its stake in shares of Flex by 60.4% in the 3rd quarter. CI Investments Inc. now owns 1,022 shares of the technology company's stock valued at $59,000 after purchasing an additional 385 shares during the period. Institutional investors and hedge funds own 94.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Zacks Research downgraded Flex from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Flex in a research note on Monday, December 29th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Robert W. Baird assumed coverage on shares of Flex in a research report on Thursday, March 12th. They issued an "outperform" rating and a $70.00 price objective for the company. Finally, Wall Street Zen cut shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $67.10.

Flex Price Performance

FLEX stock opened at $78.43 on Thursday. The stock has a 50-day moving average price of $66.07 and a two-hundred day moving average price of $63.53. The stock has a market cap of $28.84 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 1 year low of $30.05 and a 1 year high of $80.33.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.08. The firm had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Transactions at Flex

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the transaction, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company's stock.

Flex 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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