4,508 Shares in Flex Ltd. $FLEX Purchased by Welch & Forbes LLC

Welch & Forbes LLC acquired a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,508 shares of the technology company’s stock, valued at approximately $225,000.

Several other institutional investors have also recently bought and sold shares of FLEX. Invesco Ltd. raised its stake in Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock worth $276,652,000 after acquiring an additional 2,968,285 shares in the last quarter. Pacer Advisors Inc. raised its stake in Flex by 3,794.6% during the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock worth $95,936,000 after acquiring an additional 2,825,667 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Flex by 73.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company’s stock worth $91,888,000 after acquiring an additional 1,177,970 shares in the last quarter. Wellington Management Group LLP raised its stake in Flex by 4.8% during the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock worth $719,232,000 after acquiring an additional 996,276 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Flex by 16.7% during the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock worth $159,243,000 after acquiring an additional 690,611 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on FLEX shares. Argus set a $85.00 target price on Flex in a research note on Friday. KeyCorp upped their price objective on Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Barclays upped their price objective on Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday. KGI Securities downgraded Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group upped their price objective on Flex from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Flex has a consensus rating of “Moderate Buy” and an average target price of $71.86.

Insiders Place Their Bets

In other Flex news, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total transaction of $566,600.00. Following the transaction, the chief accounting officer directly owned 37,619 shares in the company, valued at approximately $2,131,492.54. This represents a 21.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Watkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the sale, the director directly owned 111,355 shares of the company’s stock, valued at approximately $5,767,075.45. This trade represents a 8.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,020 shares of company stock valued at $6,070,442 over the last three months. Insiders own 0.57% of the company’s stock.

Flex Stock Performance

Shares of FLEX stock opened at $63.90 on Tuesday. The business’s 50 day simple moving average is $58.72 and its 200 day simple moving average is $50.11. Flex Ltd. has a one year low of $25.11 and a one year high of $67.00. The stock has a market capitalization of $23.98 billion, a PE ratio of 28.27, a PEG ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue 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. As a group, research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current 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.