Flex Ltd. $FLEX Shares Purchased by Portolan Capital Management LLC

Portolan Capital Management LLC boosted its holdings in Flex Ltd. (NASDAQ:FLEX) by 24.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 595,786 shares of the technology company’s stock after purchasing an additional 115,182 shares during the quarter. Flex accounts for approximately 1.9% of Portolan Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Portolan Capital Management LLC’s holdings in Flex were worth $34,538,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its stake in shares of 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 acquiring an additional 360,553 shares during the period. Dynasty Wealth Management LLC boosted its position in Flex by 80.1% during the 3rd quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company’s stock worth $2,528,000 after purchasing an additional 19,388 shares during the period. Sowell Financial Services LLC boosted its position in Flex by 220.6% during the 3rd quarter. Sowell Financial Services LLC now owns 24,891 shares of the technology company’s stock worth $1,443,000 after purchasing an additional 17,128 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Flex in the 3rd quarter valued at $1,460,000. Finally, Winnow Wealth LLC purchased a new position in Flex in the third quarter valued at about $1,058,000. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Trading Up 0.2%

Shares of FLEX opened at $63.44 on Friday. The company has a market capitalization of $23.32 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.55 and a beta of 1.24. 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 quick ratio of 0.88 and a current ratio of 1.40. The stock has a 50-day moving average price of $63.72 and a 200 day moving average price of $61.47.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data 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. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the previous year, the business earned $0.77 EPS. Flex’s revenue for the quarter was up 7.7% compared to the same quarter last year. 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 forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FLEX shares. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Barclays raised their target price on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Robert W. Baird initiated coverage on shares of Flex in a research report on Thursday. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.10.

Insiders Place Their Bets

In other Flex news, 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 transaction of $1,030,225.00. Following the completion of the transaction, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This trade represents a 6.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the sale, the chief financial officer owned 143,803 shares in the company, valued at approximately $8,805,057.69. This trade represents a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by 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.