WCG Wealth Advisors LLC Increases Stake in Flex Ltd. $FLEX

WCG Wealth Advisors LLC grew its stake in Flex Ltd. (NASDAQ:FLEX) by 101.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,637 shares of the technology company’s stock after buying an additional 14,454 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Flex were worth $1,730,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas purchased a new position in shares of Flex in the 4th quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Flex in the 4th quarter valued at about $28,000. CENTRAL TRUST Co boosted its stake in shares of Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares during the period. Gables Capital Management Inc. purchased a new position in shares of Flex in the 4th quarter valued at about $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Flex in the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

More Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is highlighted as a potential winner in a strengthening electronics sector, with analysts pointing to infrastructure investment and capacity expansion as tailwinds for the business. Article Title
• Positive Sentiment: Investors are reacting to Flex’s growth strategy, including the planned separation of its Power and Cloud portfolio and an acquisition in electrical power, which could expand its exposure to AI data centers, grid modernization, and electrification. Article Title
• Neutral Sentiment: A Zacks follow-up notes that FLEX has risen since its last earnings report, but questions remain about whether the momentum can continue, making this more of a status update than a clear catalyst. Article Title
• Negative Sentiment: EVP David Scott Offer sold 33,000 shares in a pre-arranged 10b5-1 transaction, trimming his stake by about 31%; while routine, insider selling can still weigh on sentiment. Article Title

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Barclays lifted their price target on Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp raised their price target on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Zacks Research upgraded Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Robert W. Baird set a $165.00 price target on Flex in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Flex currently has an average rating of “Moderate Buy” and an average price target of $115.70.

Flex Trading Down 4.8%

Shares of FLEX stock opened at $151.92 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a market cap of $55.66 billion, a P/E ratio of 65.20, a P/E/G ratio of 0.84 and a beta of 1.64. Flex Ltd. has a fifty-two week low of $42.60 and a fifty-two week high of $166.86. The business has a fifty day simple moving average of $107.57 and a 200-day simple moving average of $78.73.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 EPS for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business had revenue of $7.48 billion for the quarter. On average, analysts forecast that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Kwang Hooi Tan sold 26,175 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $142.37, for a total transaction of $3,726,534.75. Following the transaction, the chief operating officer directly owned 256,043 shares in the company, valued at approximately $36,452,841.91. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Revathi Advaithi sold 114,090 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $142.37, for a total value of $16,242,993.30. Following the transaction, the chief executive officer owned 689,022 shares in the company, valued at $98,096,062.14. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 362,512 shares of company stock valued at $49,538,328 in the last three months. Company 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.