Gradient Investments LLC Takes $13.07 Million Position in Flex Ltd. $FLEX

Gradient Investments LLC bought a new position in shares of Flex Ltd. (NASDAQ:FLEX) during the fourth quarter, Holdings Channel.com reports. The fund bought 216,250 shares of the technology company’s stock, valued at approximately $13,066,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Flex by 5.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,595 shares of the technology company’s stock worth $3,511,000 after acquiring an additional 3,141 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Flex in the 4th quarter valued at approximately $2,056,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Flex by 21.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,312 shares of the technology company’s stock valued at $140,000 after purchasing an additional 411 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Flex by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 7,613 shares of the technology company’s stock worth $460,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Mirova grew its stake in shares of Flex by 74.0% during the third quarter. Mirova now owns 132,141 shares of the technology company’s stock worth $7,660,000 after purchasing an additional 56,183 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling at Flex

In other news, CFO Kevin Krumm sold 21,406 shares of the company’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 completion of the sale, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This trade represents a 6.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLEX. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Barclays raised their target price on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Finally, The Goldman Sachs Group increased their price target on shares of Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.10.

Flex Stock Up 5.5%

Shares of NASDAQ FLEX opened at $65.04 on Tuesday. The business has a 50-day moving average price of $64.05 and a 200 day moving average price of $62.01. The stock has a market cap of $23.91 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.51 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. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $72.22.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current year.

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.