UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $103.71 Million Stock Holdings in Flex Ltd. $FLEX

Key Points

• UBS Asset Management increased its stake in Flex Ltd. by 16.9% in the first quarter, owning approximately 0.82% of the company, valued at $103.7 million.
• Institutional investors have shown strong interest in Flex, with a total of 94.30% of the stock owned by hedge funds and other institutional investors.
• Analysts have raised price targets for Flex, with Barclays and Bank of America setting new targets of $60.00, resulting in a consensus rating of "Moderate Buy."

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,135,247 shares of the technology company's stock after purchasing an additional 453,455 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.82% of Flex worth $103,714,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Jump Financial LLC bought a new stake in shares of Flex during the 1st quarter worth about $2,882,000. Sowell Financial Services LLC bought a new stake in shares of Flex during the 1st quarter worth about $246,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Flex by 7,157.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company's stock worth $2,290,000 after buying an additional 68,065 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Flex by 7.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company's stock worth $3,563,000 after buying an additional 7,637 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of Flex by 20.9% during the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company's stock worth $229,000 after buying an additional 1,200 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Daniel Wendler sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction of $566,600.00. Following the transaction, the chief accounting officer directly owned 37,619 shares of the company's stock, valued at approximately $2,131,492.54. The trade was a 21.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael P. Hartung sold 45,000 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the transaction, the insider directly owned 256,198 shares in the company, valued at $14,639,153.72. The trade was a 14.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,020 shares of company stock valued at $4,923,667 in the last three months. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Flex Trading Up 3.0%

Shares of Flex stock traded up $1.67 during trading on Thursday, hitting $58.13. The stock had a trading volume of 3,164,680 shares, compared to its average volume of 3,200,626. The stock has a 50 day simple moving average of $52.66 and a 200 day simple moving average of $43.68. The company has a market capitalization of $21.82 billion, a PE ratio of 25.50, a P/E/G ratio of 1.92 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $58.60.

Flex (NASDAQ:FLEX - Get Free Report) last released its 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. The business had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, research analysts expect that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Flex 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.