10,063 Shares in Flex Ltd. $FLEX Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC acquired a new position in Flex Ltd. (NASDAQ:FLEX) in the 3rd quarter, Holdings Channel reports. The firm acquired 10,063 shares of the technology company’s stock, valued at approximately $1,107,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Flex by 14.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 783 shares of the technology company’s stock valued at $86,000 after purchasing an additional 99 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Flex by 7.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,449 shares of the technology company’s stock worth $223,000 after purchasing an additional 100 shares during the period. JSF Financial LLC increased its position in shares of Flex by 0.6% during the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 115 shares during the last quarter. WealthPlan Investment Management LLC increased its position in shares of Flex by 5.3% during the 3rd quarter. WealthPlan Investment Management LLC now owns 2,312 shares of the technology company’s stock worth $254,000 after purchasing an additional 116 shares during the last quarter. Finally, Glenview Trust Co raised its holdings in Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Price Performance

FLEX stock opened at $77.24 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.85 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $28.54 billion, a PE ratio of 27.88, a P/E/G ratio of 0.41 and a beta of 1.80. Flex Ltd. has a 12-month low of $53.07 and a 12-month high of $166.86. The business’s fifty day moving average price is $104.16 and its 200 day moving average price is $103.12.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, October 28th. The technology company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.12. Flex had a return on equity of 24.93% and a net margin of 3.35%. The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter in the prior year, the company earned $0.79 EPS. Flex’s revenue was up 24.8% on a year-over-year basis. On average, sell-side analysts anticipate that Flex Ltd. will post 4.52 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on FLEX shares. Bank of America decreased their target price on shares of Flex from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Robert W. Baird dropped their price target on shares of Flex from $142.00 to $135.00 in a research report on Monday, October 19th. Wall Street Zen raised shares of Flex from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Freedom Capital raised shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Raymond James Financial set a $170.00 price objective on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $131.78.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex raised its fiscal 2027 outlook, citing accelerating AI infrastructure demand and growth in its Cloud and Power Infrastructure (CPI) business. CPI revenue was reported up 54%, while the company is expanding power capabilities and developing liquid-cooling products and services. FLEX Q2 Earnings Call Highlights Axiom Spin-Off and AI Growth
• Positive Sentiment: Zacks Research upgraded Flex from “hold” to “strong buy,” adding an encouraging analyst signal amid the recent decline. Zacks Research stock recommendations
• Neutral Sentiment: Flex is advancing plans to spin off its CPI segment as Axiom Solutions International, targeted to become a separate publicly traded company in 2027. The separation could sharpen the businesses’ focus, but its eventual effect on shareholder value remains uncertain. Flex’s 2027 Axiom Spin-Off: Will Two Firms Unlock Value for Investors?
• Negative Sentiment: The shares were sharply lower in the supplied market update despite the favorable outlook and AI-growth news. The articles provided do not point to a clear company-specific reason for the drop.

Insider Transactions at Flex

In other Flex news, insider Michael P. Hartung sold 2,755 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total transaction of $332,363.20. Following the sale, the insider directly owned 243,175 shares in the company, valued at $29,336,632. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is owned by company insiders.

Flex Profile

Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.

Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.

The company was founded in 1969 as Flextronics and later adopted the name Flex.