Longbow Finance SA Cuts Stock Holdings in Flex Ltd. $FLEX

Longbow Finance SA cut its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 34.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,169 shares of the technology company’s stock after selling 49,707 shares during the period. Longbow Finance SA’s holdings in Flex were worth $5,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners boosted its holdings in Flex by 3.5% during the second quarter. Boston Partners now owns 20,620,717 shares of the technology company’s stock worth $1,029,769,000 after purchasing an additional 687,835 shares during the last quarter. State Street Corp boosted 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 buying an additional 3,377,669 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Flex by 6.1% in the 2nd quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company’s stock worth $442,870,000 after buying an additional 508,495 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Flex by 52.1% during the second quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock valued at $358,500,000 after acquiring an additional 2,459,511 shares during the last quarter. Finally, Norges Bank bought a new stake in Flex during the second quarter worth $291,362,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Insider Buying and Selling at Flex

In other Flex news, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the sale, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at $8,805,057.69. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William D. Watkins sold 20,000 shares of Flex stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $54.52, for a total value of $1,090,400.00. Following the completion of the transaction, the director owned 98,073 shares in the company, valued at approximately $5,346,939.96. This represents a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,406 shares of company stock valued at $4,262,489 over the last ninety days. Insiders own 0.57% of the company’s stock.

Flex Price Performance

Flex stock opened at $62.60 on Friday. The firm has a market capitalization of $23.02 billion, a P/E ratio of 28.07, a PEG ratio of 1.58 and a beta of 1.24. Flex Ltd. has a one year low of $25.11 and a one year high of $72.22. 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 business has a fifty day moving average price of $64.17 and a 200-day moving average price of $59.52.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. As a group, equities research analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FLEX. JPMorgan Chase & Co. boosted their target price on shares of Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price objective on shares of Flex in a research note on Wednesday, November 12th. Raymond James Financial set a $80.00 target price on Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, KeyCorp increased their price target on Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.78.

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.