Flex Ltd. $FLEX Stock Position Raised by Leuthold Group LLC

Leuthold Group LLC raised its position in shares of Flex Ltd. (NASDAQ:FLEX) by 7.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 132,275 shares of the technology company’s stock after purchasing an additional 9,184 shares during the period. Flex accounts for 1.3% of Leuthold Group LLC’s investment portfolio, making the stock its 11th largest holding. Leuthold Group LLC’s holdings in Flex were worth $14,549,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Burkett Financial Services LLC purchased a new stake in shares of Flex in the third quarter worth $25,000. Reyes Financial Architecture Inc. bought a new stake in shares of Flex during the 3rd quarter valued at $28,000. Rosenberg Matthew Hamilton purchased a new position in shares of Flex during the 3rd quarter valued at $29,000. Security National Bank of SO Dak purchased a new position in shares of Flex during the 2nd quarter valued at $89,000. Finally, Signature Equity Partners LLC boosted its holdings in Flex by 56.3% in the 3rd quarter. Signature Equity Partners LLC now owns 605 shares of the technology company’s stock worth $67,000 after buying an additional 218 shares during the period. 94.30% of the stock is currently owned by institutional investors.

More Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Investors are focusing on Flex’s planned separation of its cloud and power infrastructure business, with shareholders having approved proposals related to the distribution framework for Axiom Solutions International. Flex’s November 10 Innovation Day, featuring leaders from both businesses, could provide more detail on strategy and financial priorities. Flex Jumps as Spin-Off Momentum and Growth Outlook Stay in Focus
• Positive Sentiment: The growth story is supported by strong recent results: fiscal second-quarter sales rose 25% year over year to about $8.5 billion, and adjusted EPS was a record $1.18. Flex also raised its full-year fiscal 2027 outlook for sales, margins and adjusted earnings. Flex Jumps as Spin-Off Momentum and Growth Outlook Stay in Focus
• Negative Sentiment: A potential counterpoint is reported insider selling: company insiders made no open-market purchases and 138 sales over the past six months. Such sales may create investor concern, though they do not by themselves establish a negative outlook. Flex Jumps as Spin-Off Momentum and Growth Outlook Stay in Focus

Insider Activity at Flex

In other Flex news, insider Michael P. Hartung sold 2,755 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total transaction of $332,363.20. Following the completion of the transaction, the insider owned 243,175 shares of the company’s stock, valued at $29,336,632. This represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

FLEX has been the subject of a number of analyst reports. Wall Street Zen upgraded Flex from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. JPMorgan Chase & Co. lowered their price objective on Flex from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Freedom Capital upgraded Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Finally, Weiss Ratings cut Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Flex currently has an average rating of “Buy” and an average price target of $131.78.

Flex Price Performance

FLEX stock opened at $78.17 on Tuesday. Flex Ltd. has a one year low of $53.07 and a one year high of $166.86. The company’s fifty day moving average price is $101.70 and its 200-day moving average price is $103.21. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 1.34. The company has a market capitalization of $28.88 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 0.36 and a beta of 1.80.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, October 28th. The technology company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.12. The company had revenue of $8.49 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Flex had a net margin of 3.35% and a return on equity of 24.93%. Flex’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share. On average, equities analysts anticipate that Flex Ltd. will post 4.52 EPS for the current fiscal year.

Flex Company Profile

Flex Ltd. is a global manufacturing and supply-chain services company that works with businesses to design, engineer, manufacture and support products. Its services include product development, sourcing, production, logistics and after-market support.

The company serves a range of industries, including automotive, healthcare, industrial, lifestyle and communications, as well as cloud and data-center markets. Its work spans products and systems such as medical devices, vehicle components, industrial equipment and technology infrastructure.

Founded in California in 1969 as Flextronics, the company adopted the name Flex in 2016.