Three Seasons Wealth LLC Invests $822,000 in Flex Ltd. $FLEX

Three Seasons Wealth LLC acquired a new stake in shares of Flex Ltd. (NASDAQ:FLEX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,074 shares of the technology company’s stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLEX. Norges Bank purchased a new stake in shares of Flex in the fourth quarter worth $319,756,000. Rithm Capital Corp. purchased a new position in shares of Flex during the 1st quarter valued at $1,407,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Flex in the 4th quarter worth $2,497,000. Sequoia Financial Advisors LLC increased its stake in Flex by 12.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 173,277 shares of the technology company’s stock worth $10,469,000 after buying an additional 19,270 shares in the last quarter. Finally, North Dakota State Investment Board purchased a new stake in Flex in the 4th quarter worth $794,000. 94.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group lowered their price objective on Flex from $177.00 to $154.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Raymond James Financial set a $170.00 price target on Flex and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Barclays dropped their price target on Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Flex in a research report on Friday, July 17th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.20.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: AI data-center and grid exposure: EPC Power designs power-conversion systems for data centers, utility-scale energy storage and microgrids. Its grid-forming technology and support for next-generation 800-volt data-center architectures could allow Flex to benefit from rising AI infrastructure and electricity-demand investment. Flex to Acquire EPC Power
• Positive Sentiment: Strategic expansion: Management plans to incorporate EPC Power into Flex’s upcoming spin-off, potentially creating a more focused power-infrastructure business and highlighting the value of the acquired assets. Flex Buys EPC Power
• Neutral Sentiment: Large transaction to assess: The $4.4 billion purchase is a major expansion for Flex. Investors will likely focus on the deal’s funding, integration progress, contribution to earnings and how the business will be structured within the planned spin-off. Flex to Acquire EPC Power
• Neutral Sentiment: Investor engagement: Flex leadership is scheduled to participate in the Goldman Sachs Communacopia + Technology Conference, providing an opportunity for management to discuss the acquisition and its AI infrastructure strategy. Flex Investor Conference
• Neutral Sentiment: Valuation support: Zacks highlighted Flex as a potential long-term value stock based on its style-score framework, which may reinforce positive sentiment but does not represent a new operating or earnings update. Why Flex Is a Top Value Stock
• Neutral Sentiment: Legal update: A trade-secret lawsuit involving Flex is reportedly moving toward resolution, but the available report does not indicate a material financial impact. Flex Trade Secret Suit

Insider Transactions at Flex

In other Flex news, COO Kwang Tan sold 8,981 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $145.19, for a total transaction of $1,303,951.39. Following the sale, the chief operating officer directly owned 248,546 shares of the company’s stock, valued at $36,086,393.74. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Daniel Wendler sold 1,311 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $145.20, for a total value of $190,357.20. Following the sale, the chief accounting officer owned 37,932 shares in the company, valued at approximately $5,507,726.40. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 426,938 shares of company stock worth $61,941,083. 0.62% of the stock is currently owned by corporate insiders.

Flex Stock Up 1.5%

Shares of FLEX opened at $109.51 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.38 and a quick ratio of 0.89. The stock has a market capitalization of $40.45 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 0.54 and a beta of 1.67. Flex Ltd. has a 1 year low of $53.07 and a 1 year high of $166.86. The business’s 50 day simple moving average is $122.84 and its 200-day simple moving average is $108.80.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Friday, June 26th. The technology company reported $1.00 earnings per share for the quarter. The company had revenue of $7.93 billion for the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. As a group, equities analysts expect that Flex Ltd. will post 4.27 earnings per share for the current fiscal year.

About Flex

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.