Vanguard Group Inc. Has $407.71 Million Holdings in Flex Ltd. $FLEX

Key Points

• Vanguard Group Inc. increased its stake in Flex Ltd. by 0.2%, owning approximately 12.32 million shares valued at $407.7 million, representing around 3.22% of the company.
• Several other large investors, including Evergreen Capital Management and Rockefeller Capital Management, adjusted their stakes, with institutional investors owning a total of 94.30% of Flex's stock.
• Analysts have raised their price targets for Flex, with firms like JPMorgan Chase and Barclays setting new targets at $60, indicating strong future growth potential.

Vanguard Group Inc. lifted its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,324,863 shares of the technology company's stock after buying an additional 25,967 shares during the period. Vanguard Group Inc. owned 3.22% of Flex worth $407,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Evergreen Capital Management LLC boosted its stake in Flex by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 24,098 shares of the technology company's stock valued at $925,000 after purchasing an additional 246 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Flex by 2.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,709 shares of the technology company's stock valued at $488,000 after purchasing an additional 266 shares during the period. Dynasty Wealth Management LLC boosted its stake in 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 during the period. SBI Securities Co. Ltd. boosted its stake in Flex by 30.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,299 shares of the technology company's stock valued at $43,000 after purchasing an additional 306 shares during the period. Finally, Stephens Inc. AR boosted its stake in Flex by 2.7% during the 1st quarter. Stephens Inc. AR now owns 12,634 shares of the technology company's stock valued at $418,000 after purchasing an additional 332 shares during the period. Institutional investors own 94.30% of the company's stock.

Insider Activity at Flex

In other Flex news, EVP David Scott Offer sold 6,887 shares of Flex stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $45.01, for a total transaction of $309,983.87. Following the completion of the sale, the executive vice president owned 148,643 shares of the company's stock, valued at $6,690,421.43. This trade represents a 4.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Revathi Advaithi sold 37,465 shares of Flex stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $45.01, for a total transaction of $1,686,299.65. Following the sale, the chief executive officer directly owned 1,363,312 shares of the company's stock, valued at $61,362,673.12. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 659,186 shares of company stock worth $28,621,302. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FLEX has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Flex in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price target on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Bank of America upped their price target on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. KeyCorp boosted their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus lifted their target price on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Flex presently has an average rating of "Moderate Buy" and a consensus target price of $53.71.

Flex Stock Down 3.7%

NASDAQ FLEX traded down $1.8170 during trading on Wednesday, reaching $47.9530. 648,171 shares of the company's stock were exchanged, compared to its average volume of 4,098,080. The company's fifty day simple moving average is $49.75 and its 200-day simple moving average is $41.62. The firm has a market capitalization of $18.00 billion, a PE ratio of 21.05, a P/E/G ratio of 1.69 and a beta of 1.05. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $53.97. 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 issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. The company had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Sell-side analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

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.