O Shaughnessy Asset Management LLC Buys 17,193 Shares of Flex Ltd. $FLEX

O Shaughnessy Asset Management LLC lifted its stake in Flex Ltd. (NASDAQ:FLEX) by 10.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 177,287 shares of the technology company’s stock after acquiring an additional 17,193 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Flex were worth $10,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. CenterBook Partners LP raised its stake in shares of Flex by 8.8% in the 4th quarter. CenterBook Partners LP now owns 9,961 shares of the technology company’s stock valued at $602,000 after acquiring an additional 807 shares in the last quarter. ING Groep NV bought a new position in shares of Flex in the 4th quarter valued at approximately $6,151,000. Capital World Investors raised its stake in shares of Flex by 41.6% in the 4th quarter. Capital World Investors now owns 205,893 shares of the technology company’s stock valued at $12,440,000 after acquiring an additional 60,482 shares in the last quarter. OneAscent Financial Services LLC raised its stake in shares of Flex by 37.7% in the 4th quarter. OneAscent Financial Services LLC now owns 10,805 shares of the technology company’s stock valued at $653,000 after acquiring an additional 2,961 shares in the last quarter. Finally, OneAscent Family Office LLC bought a new position in shares of Flex in the 4th quarter valued at approximately $236,000. 94.30% of the stock is owned by institutional investors.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex announced it will join the S&P 500, a milestone that validates the company’s transformation and could bring incremental index-fund buying. Flex to Join S&P 500 Index
• Positive Sentiment: Barclays lifted its price target on Flex to $203 from $174, citing strength in AI-related and other business segments, which reinforces a bullish fundamental view. Barclays Lifts PT on Flex Ltd. (FLEX), Cites AI and Business Segments
• Neutral Sentiment: Market commentary continues to frame FLEX as an emerging AI infrastructure play, which may support a higher valuation over time but does not immediately change near-term fundamentals. Flex To Enter S&P 500 Positioned As A Major AI Infrastructure Player
• Negative Sentiment: The stock is also seeing some profit-taking after a strong run, and investors appear cautious about Flex’s new $1.45 billion term-loan financing and near-term leverage/capex needs. Flex slides 5.3% as investors digest fresh debt financing and take profits after a strong run

Flex Stock Performance

Shares of NASDAQ FLEX opened at $139.49 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $112.51 and its two-hundred day moving average is $80.75. The company has a market cap of $51.11 billion, a P/E ratio of 59.87, a P/E/G ratio of 0.77 and a beta of 1.64. Flex Ltd. has a 12 month low of $42.83 and a 12 month high of $166.86.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts expect that Flex Ltd. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Barclays lifted their price target on Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. lifted their price target on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group lifted their price target on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.70.

Insider Buying and Selling at Flex

In other news, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 238,543 shares in the company, valued at approximately $32,425,149.99. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael P. Hartung sold 22,216 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $142.38, for a total value of $3,163,114.08. Following the sale, the insider owned 232,706 shares in the company, valued at approximately $33,132,680.28. This represents 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. Insiders sold a total of 345,012 shares of company stock valued at $48,508,103 in the last quarter. 0.57% of the stock is currently owned by corporate 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.