Azzad Asset Management Inc. ADV Purchases Shares of 12,939 Flex Ltd. $FLEX

Azzad Asset Management Inc. ADV acquired a new position in Flex Ltd. (NASDAQ:FLEX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,939 shares of the technology company’s stock, valued at approximately $750,000.

Several other large investors have also bought and sold shares of FLEX. Norges Bank acquired a new position in Flex during the second quarter worth about $291,362,000. State Street Corp grew its stake in shares of Flex by 38.0% in the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after purchasing an additional 3,377,669 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Flex by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock worth $358,500,000 after purchasing an additional 2,459,511 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Flex by 5,973.9% during the third quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock valued at $79,132,000 after purchasing an additional 1,342,569 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Flex by 44.0% during the second quarter. Bank of New York Mellon Corp now owns 2,928,808 shares of the technology company’s stock worth $146,206,000 after buying an additional 894,790 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

NASDAQ FLEX opened at $66.07 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a 50 day simple moving average of $63.88 and a 200-day simple moving average of $59.36. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $72.22.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.08. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business 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 research analysts predict that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FLEX has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Barclays boosted their target price on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price target on shares of Flex in a research report on Wednesday, November 12th. Wall Street Zen upgraded Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, The Goldman Sachs Group upped their price objective on shares of Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.78.

Insider Transactions at Flex

In other news, Director William D. Watkins sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $54.52, for a total transaction of $1,090,400.00. Following the completion of the sale, the director directly owned 98,073 shares of the company’s stock, valued at $5,346,939.96. This trade represents a 16.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the sale, the chief accounting officer owned 27,619 shares of the company’s stock, valued at approximately $1,987,739.43. This represents a 26.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 71,406 shares of company stock valued at $4,262,489 in the last three months. 0.57% of the stock is currently owned by insiders.

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.