Hillsdale Investment Management Inc. Makes New $1.05 Million Investment in Flex Ltd. $FLEX

Hillsdale Investment Management Inc. acquired a new stake in Flex Ltd. (NASDAQ:FLEX) during the third quarter, Holdings Channel.com reports. The firm acquired 18,050 shares of the technology company’s stock, valued at approximately $1,046,000.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in Flex in the fourth quarter valued at approximately $260,000. Goldman Sachs Group Inc. lifted its position in shares of Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after acquiring an additional 211,046 shares during the period. Empowered Funds LLC bought a new position in Flex during the first quarter worth $397,000. CWM LLC grew its holdings in Flex by 258.7% in the second quarter. CWM LLC now owns 4,595 shares of the technology company’s stock worth $229,000 after purchasing an additional 3,314 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in Flex by 45.1% in the second quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the technology company’s stock valued at $57,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Trading Down 3.6%

NASDAQ FLEX opened at $63.30 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $23.27 billion, a P/E ratio of 28.39, a PEG ratio of 1.60 and a beta of 1.24. The business has a fifty day simple moving average of $63.66 and a 200 day simple moving average of $60.35. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. 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, analysts predict that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FLEX. KeyCorp increased their price objective on shares of Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 price target on shares of Flex in a research note on Wednesday, November 12th. The Goldman Sachs Group raised their price objective on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. boosted their price objective on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.78.

Insider Buying and Selling at Flex

In related news, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the sale, the chief financial officer directly owned 143,803 shares in the company, valued at approximately $8,805,057.69. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Daniel Wendler sold 10,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total value of $719,700.00. Following the completion of the transaction, the chief accounting officer directly owned 27,619 shares in the company, valued at approximately $1,987,739.43. This represents a 26.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 41,406 shares of company stock worth $2,610,389. 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.