WCG Wealth Advisors LLC bought a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,581 shares of the technology company's stock, valued at approximately $350,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of FLEX. Olde Wealth Management LLC acquired a new stake in Flex in the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in Flex in the 1st quarter valued at approximately $26,000. CX Institutional acquired a new stake in Flex in the 1st quarter valued at approximately $29,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Flex in the 4th quarter valued at approximately $35,000. Finally, CWM LLC raised its position in Flex by 73.3% in the 1st quarter. CWM LLC now owns 1,281 shares of the technology company's stock valued at $42,000 after buying an additional 542 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.
Flex Stock Performance
FLEX traded down $1.14 during trading on Friday, hitting $53.62. The stock had a trading volume of 3,153,735 shares, compared to its average volume of 3,587,641. The company has a 50 day moving average price of $50.97 and a 200-day moving average price of $42.16. The firm has a market cap of $20.13 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.82 and a beta of 1.05. Flex Ltd. has a one year low of $25.11 and a one year high of $54.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83.
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, beating analysts' consensus estimates of $0.63 by $0.09. The firm had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company's revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, research analysts predict that Flex Ltd. will post 2.33 EPS for the current year.
Insider Activity
In related news, CAO Daniel Wendler sold 1,245 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $45.01, for a total transaction of $56,037.45. Following the completion of the sale, the chief accounting officer directly owned 47,619 shares in the company, valued at $2,143,331.19. This represents a 2.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Kwang Hooi Tan sold 12,500 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $50.25, for a total value of $628,125.00. Following the sale, the chief operating officer owned 263,636 shares of the company's stock, valued at approximately $13,247,709. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 681,706 shares of company stock worth $29,778,944. 0.57% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
FLEX has been the topic of several recent analyst reports. KeyCorp boosted their price target on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price target on 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 price target on Flex from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. KGI Securities lowered Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Barclays boosted 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. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Flex currently has an average rating of "Moderate Buy" and an average target price of $53.71.
Read Our Latest Stock Report on Flex
Flex Profile
(
Free Report)
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.
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