HighPoint Advisor Group LLC Sells 4,991 Shares of Flex Ltd. $FLEX

HighPoint Advisor Group LLC cut its holdings in Flex Ltd. (NASDAQ:FLEX) by 31.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,863 shares of the technology company’s stock after selling 4,991 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Flex were worth $656,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Flex during the 4th quarter valued at $260,000. Goldman Sachs Group Inc. lifted its holdings in shares of Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after buying an additional 211,046 shares during the period. Empowered Funds LLC bought a new position in shares of Flex during the 1st quarter valued at $397,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Flex by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock valued at $132,000 after buying an additional 1,031 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Flex by 92.4% during the 2nd quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock valued at $3,099,000 after buying an additional 29,821 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FLEX shares. Robert W. Baird set a $165.00 price target on Flex in a report on Thursday, May 7th. Barclays increased their price target on Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. KeyCorp lifted their price target on shares of Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price objective on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.80.

Insider Activity

In other news, Director Erin Mcsweeney sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $136.59, for a total transaction of $341,475.00. Following the sale, the director directly owned 14,512 shares in the company, valued at $1,982,194.08. This trade represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael P. Hartung sold 22,216 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $142.38, for a total transaction of $3,163,114.08. Following the sale, the insider owned 232,706 shares in the company, valued at $33,132,680.28. The trade was a 8.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 223,512 shares of company stock worth $30,283,218. 0.57% of the stock is currently owned by insiders.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Recent articles highlight Flex as a beneficiary of the AI buildout, with its CEO publicly emphasizing AI as a key growth driver and reports suggesting a possible AI data center spinoff could unlock additional value for shareholders. Flex CEO bets big on AI Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Positive Sentiment: Analyst sentiment remains constructive, with several firms recently lifting price targets and reiterating bullish ratings after Flex’s stronger-than-expected quarterly results and raised FY2027 outlook.
• Neutral Sentiment: Zacks published a style-scores piece calling Flex a strong growth stock, which reinforces the company’s growth profile but does not appear to be a fresh fundamental catalyst. Here's Why Flex (FLEX) is a Strong Growth Stock
• Negative Sentiment: A series of insider sales from the CEO, COO, EVP, CAO, and a director may weigh on sentiment, although the filings say several of the transactions were for tax-withholding related to equity vesting rather than discretionary selling. Erin Mcsweeney Sells 2,500 Shares of Flex (NASDAQ:FLEX) Stock

Flex Price Performance

Shares of Flex stock opened at $143.80 on Thursday. Flex Ltd. has a one year low of $40.15 and a one year high of $147.34. The stock’s fifty day moving average is $80.71 and its 200 day moving average is $69.28. The stock has a market cap of $52.87 billion, a P/E ratio of 61.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36.

Flex (NASDAQ:FLEX) last announced its earnings results on Tuesday, March 31st. The technology company reported $0.93 EPS for the quarter. The company had revenue of $7.48 billion for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%. Sell-side analysts anticipate that Flex Ltd. will post 3.31 earnings per share for the current year.

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.