RBF Capital LLC Reduces Holdings in Flex Ltd. $FLEX

RBF Capital LLC trimmed its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 19.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 40,000 shares of the technology company’s stock after selling 9,741 shares during the quarter. RBF Capital LLC’s holdings in Flex were worth $2,618,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Flex during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased its stake in shares of Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after buying an additional 166 shares during the period. Gables Capital Management Inc. purchased a new position in shares of Flex in the fourth quarter worth $42,000. Caitong International Asset Management Co. Ltd raised its holdings in Flex by 6,318.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock valued at $43,000 after buying an additional 695 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Flex by 58.1% during the 4th quarter. CENTRAL TRUST Co now owns 797 shares of the technology company’s stock valued at $48,000 after buying an additional 293 shares during the period. 94.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Flex

In other news, CEO Revathi Advaithi sold 197,879 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $144.32, for a total value of $28,557,897.28. Following the completion of the transaction, the chief executive officer owned 623,466 shares of the company’s stock, valued at approximately $89,978,613.12. This represents a 24.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kwang Hooi Tan sold 26,657 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $144.48, for a total value of $3,851,403.36. Following the completion of the transaction, the chief operating officer owned 257,527 shares of the company’s stock, valued at approximately $37,207,500.96. The trade was a 9.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 769,195 shares of company stock worth $110,116,823 over the last quarter. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FLEX. The Goldman Sachs Group raised their price target on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Barclays increased their target price on shares of Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Stifel Nicolaus raised their target price on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Raymond James Financial set a $170.00 price target on Flex and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.70.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex reported fiscal Q1 2027 adjusted earnings of $1.00 per share, above the roughly $0.90-$0.93 analyst consensus, while revenue reached $7.93 billion versus expectations near $7.53 billion. Revenue increased 20.6% year over year, and adjusted operating margin reached 6.7%. Flex fiscal Q1 results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $33.7 billion-$35.2 billion, above the $33.3 billion consensus, and set second-quarter revenue guidance of $8.0 billion-$8.3 billion versus expectations of $7.8 billion. Q2 EPS guidance of $1.00-$1.07 also exceeds the $0.98 consensus. Flex earnings beat and guidance
• Positive Sentiment: Growth accelerated in Cloud and Power Infrastructure, supporting the planned separation of that business into an independently traded company, SpinCo, expected in the first calendar quarter of 2027. Flex SpinCo leadership announcement
• Neutral Sentiment: Flex announced leadership teams for both the remaining Flex business and SpinCo, providing additional detail on preparations for the planned separation but no immediate financial impact. Flex Q1 2027 earnings call transcript
• Negative Sentiment: The stock’s decline, on volume well above average, indicates that the strong results and outlook may already have been priced in. With shares trading at a relatively elevated earnings multiple, investors may be taking profits because the full-year EPS guidance range of $4.42-$4.74 only modestly exceeds or surrounds current consensus expectations.

Flex Stock Down 9.1%

Shares of Flex stock opened at $103.02 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 12-month low of $47.83 and a 12-month high of $166.86. The company has a market cap of $37.74 billion, a P/E ratio of 44.21, a PEG ratio of 0.59 and a beta of 1.64. The company’s fifty day simple moving average is $140.27 and its two-hundred day simple moving average is $99.27.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.90 by $0.10. Flex had a net margin of 3.15% and a return on equity of 22.12%. The firm had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period last year, the company posted $0.72 EPS. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. Research analysts anticipate that Flex Ltd. will post 4.18 EPS for the current 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.