Orion Porfolio Solutions LLC Has $5.37 Million Position in Flex Ltd. $FLEX

Orion Porfolio Solutions LLC lessened its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,668 shares of the technology company’s stock after selling 12,770 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Flex were worth $5,372,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Flex during the fourth quarter worth about $260,000. Goldman Sachs Group Inc. raised its holdings in shares of Flex by 19.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after acquiring an additional 211,046 shares during the last quarter. Empowered Funds LLC bought a new position in Flex in the 1st quarter valued at about $397,000. Savant Capital LLC lifted its position in Flex by 85.2% in the 2nd quarter. Savant Capital LLC now owns 24,813 shares of the technology company’s stock valued at $1,239,000 after acquiring an additional 11,412 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in Flex during the 2nd quarter valued at about $392,000. 94.30% of the stock is owned by institutional investors.

Flex Price Performance

Shares of NASDAQ FLEX opened at $59.91 on Friday. The company has a market capitalization of $22.03 billion, a PE ratio of 26.87, a PEG ratio of 1.46 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $63.65 and its 200-day moving average price is $61.14. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $72.22.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.Flex’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, equities analysts anticipate that Flex Ltd. will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

FLEX has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 target price on shares of Flex in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Barclays lifted their price objective on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Flex currently has an average rating of “Moderate Buy” and an average target price of $66.78.

Insiders Place Their Bets

In related news, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total transaction of $719,700.00. Following the transaction, the chief accounting officer owned 27,619 shares of the company’s stock, valued at approximately $1,987,739.43. The trade was a 26.58% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by corporate insiders.

Flex 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.