Flex Ltd. $FLEX Stock Position Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in Flex Ltd. (NASDAQ:FLEX) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,808 shares of the technology company’s stock after selling 9,982 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Flex worth $26,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. USA Financial Formulas acquired a new position in Flex in the fourth quarter worth $28,000. CENTRAL TRUST Co lifted its position in shares of Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after buying an additional 355 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Flex in the 3rd quarter worth about $52,000. Root Financial Partners LLC acquired a new position in shares of Flex in the 3rd quarter valued at about $57,000. Finally, CI Investments Inc. grew its position in shares of Flex by 60.4% during the 3rd quarter. CI Investments Inc. now owns 1,022 shares of the technology company’s stock valued at $59,000 after buying an additional 385 shares during the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on FLEX. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Barclays increased 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. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Finally, Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.10.

Flex Trading Up 8.1%

Shares of NASDAQ:FLEX opened at $65.46 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $64.17 and its 200 day moving average price is $62.39. The company has a market cap of $24.07 billion, a PE ratio of 29.35, a P/E/G ratio of 1.48 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 announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating 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 net margin of 3.17% and a return on equity of 20.99%. Flex’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $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. Sell-side analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Activity at Flex

In other news, CFO Kevin Krumm sold 21,406 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction on 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 directly owned 233,636 shares in the company, valued at $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by company insiders.

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.