Peapack Gladstone Financial Corp Sells 3,484 Shares of Flex Ltd. $FLEX

Peapack Gladstone Financial Corp decreased its position in shares of Flex Ltd. (NASDAQ:FLEX) by 14.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,263 shares of the technology company’s stock after selling 3,484 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Flex were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FLEX. Vanguard Group Inc. increased its position in Flex by 196.1% during the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after buying an additional 25,662,586 shares during the period. Norges Bank bought a new position in Flex during the 4th quarter worth $319,756,000. State Street Corp increased its position in Flex by 38.0% during the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after buying an additional 3,377,669 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Flex by 118.1% in the third quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company’s stock worth $162,968,000 after purchasing an additional 1,522,308 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Flex by 80.9% in the third quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock worth $153,374,000 after purchasing an additional 1,183,464 shares during the period. Institutional investors own 94.30% of the company’s stock.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex highlighted new AI data-center power solutions at COMPUTEX 2026, including a 110 kW shelf for NVIDIA Vera Rubin systems and upgraded power-management technology, which supports the company’s growth story in AI infrastructure. Article Title
• Positive Sentiment: Market sentiment also improved around AI-linked hardware names, with investors viewing Flex as a beneficiary of rising data-center spending and power-infrastructure demand. Article Title
• Positive Sentiment: Flex recently announced a new $1.45 billion senior term loan facility, which strengthens liquidity and may help fund operations, acquisitions, or strategic initiatives. Article Title
• Neutral Sentiment: Flex presented at the Bank of America 2026 Global Technology Conference, but the transcript itself does not appear to include a single major new headline; it mainly reinforces investor attention on the company’s strategy and business mix. Article Title
• Neutral Sentiment: A DCF-based valuation note suggested Flex may be trading well above estimated intrinsic value, which could temper enthusiasm if investors focus on valuation rather than growth momentum. Article Title

Insider Transactions at Flex

In other Flex news, Director Charles K. Stevens III sold 15,000 shares of Flex stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $138.14, for a total value of $2,072,100.00. Following the transaction, the director owned 45,426 shares in the company, valued at $6,275,147.64. The trade was a 24.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Revathi Advaithi sold 114,090 shares of Flex stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $142.37, for a total value of $16,242,993.30. Following the completion of the transaction, the chief executive officer owned 689,022 shares in the company, valued at approximately $98,096,062.14. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 329,512 shares of company stock valued at $44,459,298. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FLEX. Robert W. Baird set a $165.00 price target on Flex in a research report on Thursday, May 7th. Raymond James Financial set a $80.00 price target on Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Barclays raised their price target on Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Stifel Nicolaus raised their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Flex presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.80.

Flex Stock Performance

Flex stock opened at $161.94 on Thursday. Flex Ltd. has a 12-month low of $42.31 and a 12-month high of $166.86. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business’s 50-day moving average price is $104.12 and its two-hundred day moving average price is $77.51. The stock has a market cap of $59.33 billion, a PE ratio of 69.50, a P/E/G ratio of 0.84 and a beta of 1.64.

Flex (NASDAQ:FLEX) last released its earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm had revenue of $7.48 billion for the quarter. As a group, analysts expect that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.