Junto Capital Management LP Purchases New Shares in Flex Ltd. $FLEX

Junto Capital Management LP purchased a new position in Flex Ltd. (NASDAQ:FLEX) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 970,683 shares of the technology company’s stock, valued at approximately $56,270,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FLEX. Brighton Jones LLC purchased a new position in Flex during the fourth quarter valued at $260,000. Goldman Sachs Group Inc. increased its stake in shares of Flex by 19.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after purchasing an additional 211,046 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Flex during the 1st quarter worth about $397,000. ProShare Advisors LLC lifted its stake in Flex by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 16,985 shares of the technology company’s stock valued at $848,000 after buying an additional 664 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Flex by 2.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 104,432 shares of the technology company’s stock worth $5,213,000 after buying an additional 2,392 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FLEX. Raymond James Financial set a $80.00 price objective on Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Barclays boosted their price target on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Robert W. Baird began coverage on Flex in a research note on Thursday. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.10.

Flex Trading Up 0.2%

Shares of Flex stock opened at $63.44 on Monday. The stock has a 50 day moving average of $63.72 and a 200 day moving average of $61.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.55 and a beta of 1.24. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22.

Flex (NASDAQ:FLEX) last posted its 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. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, research analysts predict that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Activity

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction 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. This trade represents a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by insiders.

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.