CreativeOne Wealth LLC Sells 13,396 Shares of Flex Ltd. $FLEX

CreativeOne Wealth LLC lessened its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 26.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,083 shares of the technology company’s stock after selling 13,396 shares during the period. CreativeOne Wealth LLC’s holdings in Flex were worth $2,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in Flex during the second quarter valued at $26,000. CENTRAL TRUST Co lifted its holdings 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 acquiring an additional 355 shares during the last quarter. Rexford Capital Inc. purchased a new position in shares of Flex during the 2nd quarter worth about $57,000. Root Financial Partners LLC purchased a new position in shares of Flex during the 3rd quarter worth about $57,000. Finally, CI Investments Inc. grew its holdings in 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 purchasing an additional 385 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Flex Price Performance

Shares of FLEX stock opened at $61.33 on Tuesday. The company has a market capitalization of $22.55 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.46 and a beta of 1.24. The company’s 50-day simple moving average is $63.62 and its two-hundred day simple moving average is $61.30. Flex Ltd. has a one year low of $25.11 and a one year high of $72.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts anticipate that Flex Ltd. will post 2.33 EPS for the current year.

Insider Buying and Selling at Flex

In other news, CAO Daniel Wendler sold 10,000 shares of the 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 owned 27,619 shares of the company’s stock, valued at approximately $1,987,739.43. This represents a 26.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 143,803 shares in the company, valued at approximately $8,805,057.69. This represents a 12.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $23.00 price objective on shares of Flex in a report on Wednesday, November 12th. Finally, The Goldman Sachs Group upped their price objective on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.