Vestmark Advisory Solutions Inc. Increases Stock Position in Flex Ltd. $FLEX

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Flex Ltd. by 100.1%, holding a total of 15,026 shares valued at approximately $497,000.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Flex, with an average price target of $53.71, reflecting optimism toward the company’s growth.
• Flex reported earnings of $0.72 per share in its last quarter, exceeding estimates, and set guidance for FY 2026 earnings between $2.860 and $3.060 per share.

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 100.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,026 shares of the technology company's stock after purchasing an additional 7,517 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Flex were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in Flex during the 1st quarter worth $26,000. Olde Wealth Management LLC acquired a new position in Flex during the first quarter valued at $26,000. CX Institutional acquired a new position in Flex in the 1st quarter worth about $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Flex during the 4th quarter worth about $35,000. Finally, CWM LLC boosted its stake 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 period. 94.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FLEX shares. Bank of America raised their price target on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Barclays lifted their target price on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. KeyCorp boosted their price target on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a research report on Friday, July 11th. Finally, Wall Street Zen raised Flex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.71.

Insider Activity at Flex

In related news, insider Michael P. Hartung sold 2,520 shares of Flex stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $49.62, for a total transaction of $125,042.40. Following the completion of the sale, the insider owned 301,198 shares in the company, valued at $14,945,444.76. This trade represents a 0.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Revathi Advaithi sold 37,465 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 1,363,312 shares of the company's stock, valued at approximately $61,362,673.12. This represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 661,706 shares of company stock worth $28,746,344 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

Flex Price Performance

FLEX traded up $2.3890 during trading on Friday, hitting $51.7990. 2,090,596 shares of the company traded hands, compared to its average volume of 4,093,501. The company has a market cap of $19.44 billion, a PE ratio of 22.73, a P/E/G ratio of 1.67 and a beta of 1.05. The stock's 50-day simple moving average is $49.97 and its two-hundred day simple moving average is $41.74. Flex Ltd. has a 1 year low of $25.11 and a 1 year 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 released its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating 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 business had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business earned $0.51 earnings per share. Flex's quarterly 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. As a group, sell-side analysts anticipate that Flex Ltd. will post 2.33 earnings per share 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.