Neo Ivy Capital Management Invests $803,000 in Flex Ltd. $FLEX

Neo Ivy Capital Management bought a new stake in Flex Ltd. (NASDAQ:FLEX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,846 shares of the technology company’s stock, valued at approximately $803,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its position in Flex by 17.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company’s stock valued at $138,749,000 after buying an additional 360,553 shares during the last quarter. Dynasty Wealth Management LLC raised its position in shares of Flex by 80.1% during the third quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company’s stock worth $2,528,000 after acquiring an additional 19,388 shares during the last quarter. Sowell Financial Services LLC raised its position in shares of Flex by 220.6% during the third quarter. Sowell Financial Services LLC now owns 24,891 shares of the technology company’s stock worth $1,443,000 after acquiring an additional 17,128 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Flex during the third quarter valued at $1,460,000. Finally, Ethic Inc. boosted its holdings in Flex by 140.2% in the third quarter. Ethic Inc. now owns 46,553 shares of the technology company’s stock valued at $2,699,000 after acquiring an additional 27,169 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Activity at Flex

In other Flex news, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction that occurred on 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the transaction, the chief accounting officer directly owned 27,619 shares in the company, valued at approximately $1,987,739.43. This represents a 26.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by corporate insiders.

Flex Trading Down 5.7%

NASDAQ:FLEX opened at $59.91 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $72.22. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.46 and a beta of 1.24. The business’s 50-day moving average price is $63.65 and its two-hundred day moving average price is $61.14.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion during 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 company’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 company earned $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. On average, equities analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.