Swiss National Bank Reduces Stock Holdings in Flex Ltd. $FLEX

Swiss National Bank lessened its stake in Flex Ltd. (NASDAQ:FLEX) by 1.3% in the third quarter, Holdings Channel reports. The fund owned 722,614 shares of the technology company’s stock after selling 9,300 shares during the quarter. Swiss National Bank’s holdings in Flex were worth $41,890,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Flex during the fourth quarter worth $260,000. Goldman Sachs Group Inc. increased its stake in Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after buying an additional 211,046 shares during the period. Empowered Funds LLC purchased a new stake in Flex during the 1st quarter worth $397,000. Savant Capital LLC lifted its holdings in Flex by 85.2% in the 2nd quarter. Savant Capital LLC now owns 24,813 shares of the technology company’s stock worth $1,239,000 after buying an additional 11,412 shares in the last quarter. Finally, Aviva PLC boosted its position in Flex by 74.4% in the 2nd quarter. Aviva PLC now owns 26,091 shares of the technology company’s stock valued at $1,302,000 after buying an additional 11,132 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Activity

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at $8,805,057.69. This trade represents a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FLEX shares. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Barclays raised their price objective on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Robert W. Baird began coverage on Flex in a research note on Thursday. They set an “outperform” rating and a $70.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and a consensus price target of $67.10.

Flex Stock Performance

Shares of NASDAQ FLEX traded down $0.37 during trading on Friday, reaching $62.92. The stock had a trading volume of 397,100 shares, compared to its average volume of 3,686,679. The firm’s 50 day moving average price is $63.72 and its two-hundred day moving average price is $61.40. Flex Ltd. has a one year low of $25.11 and a one year high of $72.22. The stock has a market cap of $23.14 billion, a PE ratio of 28.30, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, research analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal 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.