Sowell Financial Services LLC Sells 11,460 Shares of Flex Ltd. $FLEX

Sowell Financial Services LLC cut its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 46.0% in the fourth quarter, Holdings Channel reports. The fund owned 13,431 shares of the technology company’s stock after selling 11,460 shares during the period. Sowell Financial Services LLC’s holdings in Flex were worth $812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Flex during the fourth quarter valued at $28,000. CENTRAL TRUST Co raised its holdings in shares of Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $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 third quarter valued at about $52,000. Root Financial Partners LLC bought a new position in shares of Flex in the third quarter valued at about $57,000. Finally, CI Investments Inc. raised its holdings in shares of Flex by 60.4% in the third 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on FLEX. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Raymond James Financial set a $80.00 price target on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays lifted their price target on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, Robert W. Baird began coverage on Flex in a report on Thursday, March 12th. They issued an “outperform” rating and a $70.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.10.

Flex Stock Performance

Flex stock opened at $73.19 on Thursday. The company has a market cap of $26.91 billion, a PE ratio of 32.82, a PEG ratio of 1.50 and a beta of 1.22. 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 $27.45 and a 1 year high of $74.78. The company’s 50-day moving average is $64.66 and its two-hundred day moving average is $62.84.

Flex (NASDAQ:FLEX) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (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%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm 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. Equities analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Activity

In other news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction dated 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 owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Flex Company 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.