Flex Ltd. $FLEX Shares Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG boosted its stake in Flex Ltd. (NASDAQ:FLEX) by 13.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 232,744 shares of the technology company’s stock after purchasing an additional 27,196 shares during the period. Raiffeisen Bank International AG’s holdings in Flex were worth $14,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Flex by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock valued at $208,000 after buying an additional 181 shares in the last quarter. Parcion Private Wealth LLC boosted its stake in Flex by 1.5% in the 4th quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock valued at $855,000 after buying an additional 216 shares in the last quarter. US Bancorp DE boosted its stake in Flex by 1.2% in the 3rd quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock valued at $1,144,000 after buying an additional 225 shares in the last quarter. Tower Wealth Partners Inc. raised its position in Flex by 3.7% in the 3rd quarter. Tower Wealth Partners Inc. now owns 6,980 shares of the technology company’s stock valued at $405,000 after purchasing an additional 249 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its position in Flex by 3.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock valued at $403,000 after purchasing an additional 257 shares during the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $135.93, for a total transaction of $2,378,775.00. Following the completion of the sale, the chief operating officer directly owned 238,543 shares of the company’s stock, valued at $32,425,149.99. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erin Mcsweeney sold 2,000 shares of Flex stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $132.51, for a total value of $265,020.00. Following the sale, the director directly owned 9,512 shares of the company’s stock, valued at approximately $1,260,435.12. This trade represents a 17.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 345,012 shares of company stock valued at $48,508,103 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Flex Stock Up 9.0%

Shares of Flex stock opened at $151.99 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. Flex Ltd. has a 12 month low of $42.83 and a 12 month high of $166.86. The business has a fifty day simple moving average of $114.24 and a 200 day simple moving average of $81.43. The stock has a market cap of $55.69 billion, a PE ratio of 65.23, a price-to-earnings-growth ratio of 0.73 and a beta of 1.64.

Flex (NASDAQ:FLEX) last announced 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 during the quarter. Research analysts predict that Flex Ltd. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

FLEX has been the subject of several research analyst reports. Robert W. Baird set a $165.00 price objective on Flex in a research report on Thursday, May 7th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. KeyCorp lifted their price objective 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, Stifel Nicolaus lifted their price objective on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.70.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is being viewed more favorably as an AI infrastructure beneficiary, with commentary highlighting its role in supplying equipment and systems for data centers and cloud/power applications. Flex To Enter S&P 500 Positioned As A Major AI Infrastructure Player
• Positive Sentiment: Upcoming inclusion in the S&P 500 is a bullish catalyst because it can boost demand from index funds and improve market visibility for Flex Ltd. (FLEX). Dear Flex stock fans, mark your calendars for June 22
• Positive Sentiment: Analysts are focusing on Flex’s aggressive capex plan to capture AI data center demand, suggesting fiscal 2027 could be an important turning point if investments translate into margin recovery and faster growth. Flex Aggressively Scaling Investments: Is Fiscal 2027 a Turning Point?

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.