6,059 Shares in Flex Ltd. $FLEX Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. acquired a new position in Flex Ltd. (NASDAQ:FLEX) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 6,059 shares of the technology company’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners bought a new stake in Flex during the 2nd quarter valued at $28,000. Harbour Investments Inc. boosted its position in Flex by 74.7% during the 2nd quarter. Harbour Investments Inc. now owns 704 shares of the technology company’s stock valued at $35,000 after acquiring an additional 301 shares in the last quarter. Rise Advisors LLC bought a new stake in Flex during the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new stake in Flex during the 1st quarter valued at $26,000. Finally, Olde Wealth Management LLC bought a new stake in Flex during the 1st quarter valued at $26,000. Institutional investors own 94.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FLEX. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Barclays increased their target price on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. KeyCorp increased their target price on Flex from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Stifel Nicolaus raised their price objective on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.71.

Insider Buying and Selling

In related news, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the transaction, the director owned 17,012 shares in the company, valued at $875,607.64. This trade represents a 37.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kwang Hooi Tan sold 12,500 shares of the firm’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 completion of the transaction, the chief operating officer owned 263,636 shares of the company’s stock, valued at $13,247,709. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,020 shares of company stock worth $4,923,667 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Flex Stock Up 1.0%

Flex stock opened at $62.75 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 2.02 and a beta of 1.15. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $64.29. The business has a fifty day moving average price of $56.04 and a 200-day moving average price of $47.62.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping 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 return on equity of 20.25% and a net margin of 3.42%.The firm’s quarterly revenue 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. Equities research analysts forecast 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.