Flex Ltd. $FLEX Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 6,957.1% during the 2nd quarter, Holdings Channel reports. The firm owned 3,458 shares of the technology company’s stock after buying an additional 3,409 shares during the period. Hantz Financial Services Inc.’s holdings in Flex were worth $173,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FLEX. Brighton Jones LLC acquired a new stake in shares of Flex during the fourth quarter worth about $260,000. GAMMA Investing LLC raised its holdings in Flex by 231.2% in the first quarter. GAMMA Investing LLC now owns 1,636 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,142 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Flex by 20.9% in the first quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company’s stock valued at $229,000 after acquiring an additional 1,200 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Flex by 19.7% in the first quarter. OneDigital Investment Advisors LLC now owns 12,727 shares of the technology company’s stock valued at $421,000 after acquiring an additional 2,093 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Flex in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on FLEX shares. Argus set a $85.00 target price on shares of Flex in a report on Friday. Bank of America raised their target price on shares of Flex from $58.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. KeyCorp raised their target price on shares of Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday. Stifel Nicolaus raised their target price on shares of Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Flex from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday. Seven 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, the company has an average rating of “Moderate Buy” and a consensus target price of $71.86.

Insiders Place Their Bets

In other news, insider Michael P. Hartung sold 45,000 shares of Flex stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total value of $2,571,300.00. Following the transaction, the insider directly owned 256,198 shares of the company’s stock, valued at $14,639,153.72. The trade was a 14.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 37,619 shares in the company, valued at $2,131,492.54. The trade was a 21.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 105,020 shares of company stock worth $6,070,442. Corporate insiders own 0.57% of the company’s stock.

Flex Stock Down 2.3%

FLEX stock opened at $62.52 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $67.00. The company’s 50 day moving average is $58.50 and its two-hundred day moving average is $49.89. The stock has a market cap of $23.47 billion, a P/E ratio of 27.66, a PEG ratio of 1.79 and a beta of 1.24.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Flex had a net margin of 3.33% and a return on equity of 20.86%. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter last year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal 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.