Vestcor Inc Grows Stake in Flex Ltd. $FLEX

Vestcor Inc grew its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 63.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,316 shares of the technology company’s stock after buying an additional 65,147 shares during the period. Vestcor Inc’s holdings in Flex were worth $9,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fieldview Capital Management LLC bought a new stake in Flex in the third quarter valued at $2,595,000. Russell Investments Group Ltd. lifted its position in shares of Flex by 28.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 247,535 shares of the technology company’s stock worth $14,349,000 after purchasing an additional 54,626 shares during the period. Parallel Advisors LLC lifted its position in shares of Flex by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after purchasing an additional 181 shares during the period. Blair William & Co. IL boosted its stake in shares of Flex by 12.9% during the 3rd quarter. Blair William & Co. IL now owns 25,256 shares of the technology company’s stock valued at $1,464,000 after purchasing an additional 2,878 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Flex by 299.3% during the third quarter. First Trust Advisors LP now owns 247,893 shares of the technology company’s stock valued at $14,370,000 after buying an additional 185,815 shares during the period. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Shares of NASDAQ FLEX opened at $61.33 on Tuesday. The company has a 50 day simple moving average of $63.62 and a two-hundred day simple moving average of $61.30. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 1.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40.

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

Analyst Upgrades and Downgrades

Several analysts have commented on FLEX shares. The Goldman Sachs Group raised their price objective on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Barclays lifted their price target on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.78.

Insider Buying and Selling at Flex

In other news, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the transaction, the chief financial officer owned 143,803 shares of the company’s stock, valued at $8,805,057.69. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the transaction, the chief accounting officer owned 27,619 shares in the company, valued at approximately $1,987,739.43. The trade was a 26.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.

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.