Empowered Funds LLC Acquires 8,310 Shares of Flex Ltd. $FLEX

Empowered Funds LLC lifted its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,076 shares of the technology company’s stock after acquiring an additional 8,310 shares during the quarter. Empowered Funds LLC’s holdings in Flex were worth $9,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FLEX. Vanguard Group Inc. boosted its stake in shares of Flex by 196.1% during the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after purchasing an additional 25,662,586 shares in the last quarter. State Street Corp grew its holdings in shares of Flex by 17.8% during the 4th quarter. State Street Corp now owns 14,055,533 shares of the technology company’s stock worth $849,235,000 after acquiring an additional 2,126,440 shares during the period. Geode Capital Management LLC raised its position in shares of Flex by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock worth $459,829,000 after acquiring an additional 181,266 shares in the last quarter. Norges Bank bought a new position in shares of Flex in the 4th quarter worth approximately $319,756,000. Finally, Polar Capital Holdings Plc lifted its stake in shares of Flex by 141.8% in the 4th quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock valued at $223,140,000 after purchasing an additional 2,165,780 shares during the period. 94.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FLEX shares. The Goldman Sachs Group reduced their price target on Flex from $177.00 to $154.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Robert W. Baird set a $142.00 target price on shares of Flex in a research report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Flex in a research note on Friday, July 17th. Finally, Barclays dropped their price objective on shares of Flex from $203.00 to $144.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and a consensus price target of $114.20.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Quarterly results exceeded expectations. Flex reported fiscal Q1 2027 adjusted EPS of $1.00, above the roughly $0.90–$0.93 consensus, while revenue rose 20.6% year over year to $7.93 billion versus expectations of approximately $7.53 billion. Adjusted operating margin reached 6.7%. Flex Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: AI infrastructure is supporting growth. Management highlighted strong demand for data-center power, cooling and related infrastructure solutions. Growth in the Cloud and Power Infrastructure segment is helping expand margins and strengthening Flex’s position in the AI supply chain. FLEX Q1 Earnings Call Highlights AI Infrastructure Growth
• Positive Sentiment: Fiscal 2027 guidance was raised or set above consensus. Flex forecast second-quarter EPS of $1.00–$1.07 and revenue of $8.0–$8.3 billion, ahead of analyst estimates. Full-year revenue guidance of $33.7–$35.2 billion also exceeds consensus, while EPS guidance is $4.42–$4.74. Flex Forecasts FY 2027 Revenue
• Positive Sentiment: Planned separation could unlock value. Flex announced leadership teams for the planned first-quarter 2027 spin-off of its Cloud and Power Infrastructure business into an independent public company, SpinCo. The transaction may allow investors to value the faster-growing infrastructure operations separately. Flex Announces Spin-Off Leadership Teams
• Neutral Sentiment: Some coverage describes an earlier earnings-related selloff despite the results beat, indicating that investors may have been concerned about valuation, expectations or the details of the outlook before the subsequent recovery. Flex Declines on Earnings
• Neutral Sentiment: An article about Flex raising $70 million in business-banking funding appears to concern a separate fintech company named Flex, not Flex Ltd., and is therefore unlikely to affect FLEX shares. Business Banking Gets a Founder-First Push

Insider Buying and Selling at Flex

In other news, EVP David Scott Offer sold 6,657 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $145.23, for a total transaction of $966,796.11. Following the sale, the executive vice president owned 91,122 shares in the company, valued at $13,233,648.06. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kwang Hooi Tan sold 8,981 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were 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. This trade represents a 3.49% decrease in their position. 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. Insiders sold 769,195 shares of company stock worth $110,116,823 in the last 90 days. Insiders own 0.62% of the company’s stock.

Flex Trading Up 8.6%

Flex stock opened at $111.91 on Friday. Flex Ltd. has a 12 month low of $47.83 and a 12 month high of $166.86. The company has a market capitalization of $41.00 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 0.54 and a beta of 1.64. The business’s fifty day simple moving average is $139.88 and its two-hundred day simple moving average is $99.62. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.95.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.10. The firm had revenue of $7.93 billion during the quarter, compared to analyst estimates of $7.53 billion. Flex had a return on equity of 23.15% and a net margin of 3.32%.Flex’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. As a group, equities analysts predict that Flex Ltd. will post 4.18 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.