SG Americas Securities LLC Increases Stake in Flex Ltd. $FLEX

SG Americas Securities LLC lifted its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 167.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 532,373 shares of the technology company’s stock after buying an additional 333,071 shares during the quarter. SG Americas Securities LLC’s holdings in Flex were worth $34,849,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FLEX. Evolve Private Wealth LLC grew its holdings in Flex by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 42,130 shares of the technology company’s stock worth $2,758,000 after acquiring an additional 713 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Flex by 7.8% in the 1st quarter. Diversified Trust Co now owns 8,279 shares of the technology company’s stock valued at $542,000 after purchasing an additional 596 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Flex by 4.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,463 shares of the technology company’s stock valued at $813,000 after purchasing an additional 571 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Flex by 42,654.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,703 shares of the technology company’s stock worth $284,000 after purchasing an additional 4,692 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in shares of Flex by 16.3% during the fourth quarter. DGS Capital Management LLC now owns 6,525 shares of the technology company’s stock worth $394,000 after purchasing an additional 916 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FLEX has been the topic of several recent analyst reports. Robert W. Baird set a $165.00 target price on Flex in a report on Thursday, May 7th. Stifel Nicolaus lifted their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group raised their target price on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.70.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex recently joined the S&P 500, which can attract passive index buying and improve visibility with institutional investors. Flex Ltd. (FLEX) to Join S&P 500 Index on June 22
• Neutral Sentiment: Multiple insiders, including CEO Revathi Advaithi, COO Kwang Hooi Tan, EVP David Scott Offer, CAO Daniel Wendler, and insider Michael P. Hartung, sold shares in recent filings. The company said the sales were tied to Rule 10b5-1 plans and tax withholding on vested equity awards, which reduces concern about negative fundamental news.
• Neutral Sentiment: One article mentioned “flex-fuel” Hyundai cars in India, but it does not appear related to Flex Ltd. and is unlikely to affect the stock. 5 Hyundai Cars Likely To Get Flex-Fuel Engine In India In 2026

Flex Price Performance

Shares of NASDAQ:FLEX opened at $151.85 on Wednesday. Flex Ltd. has a 12 month low of $46.64 and a 12 month high of $166.86. The firm has a market capitalization of $55.63 billion, a P/E ratio of 65.17, a P/E/G ratio of 0.82 and a beta of 1.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. The company’s fifty day moving average price is $126.76 and its 200 day moving average price is $86.56.

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 company had revenue of $7.48 billion during the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. As a group, sell-side analysts predict that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Daniel Wendler sold 1,311 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $145.20, for a total value of $190,357.20. Following the completion of the sale, the chief accounting officer directly owned 37,932 shares of the company’s stock, valued at $5,507,726.40. This represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David Scott Offer sold 6,657 shares of Flex stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $145.23, for a total value of $966,796.11. Following the transaction, the executive vice president directly owned 91,122 shares in the company, valued at approximately $13,233,648.06. This trade represents a 6.81% decrease in their position. 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. In the last three months, insiders sold 769,195 shares of company stock worth $110,116,823. Corporate insiders own 0.57% of the company’s stock.

About Flex

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.