Fox Run Management L.L.C. Purchases Shares of 16,803 Flex Ltd. $FLEX

Fox Run Management L.L.C. acquired a new position in Flex Ltd. (NASDAQ:FLEX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,803 shares of the technology company’s stock, valued at approximately $974,000.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC bought a new stake in Flex during the 2nd quarter worth approximately $26,000. CENTRAL TRUST Co increased its stake in shares of Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after purchasing an additional 355 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Flex by 404.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $35,000 after purchasing an additional 566 shares during the period. Rexford Capital Inc. purchased a new position in shares of Flex during the 2nd quarter valued at $57,000. Finally, Root Financial Partners LLC bought a new position in Flex in the 3rd quarter worth $57,000. 94.30% of the stock is currently owned by institutional investors.

Insider Activity

In other Flex news, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer owned 143,803 shares of the company’s stock, valued at $8,805,057.69. This represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the 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 sale, the chief accounting officer owned 27,619 shares in the company, valued at approximately $1,987,739.43. The trade was a 26.58% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FLEX has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $23.00 target price on shares of Flex in a research note on Wednesday, November 12th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and a consensus price target of $66.78.

Flex Price Performance

FLEX stock opened at $63.21 on Friday. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $72.22. The firm has a market capitalization of $23.24 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a fifty day simple moving average of $63.72 and a two-hundred day simple moving average of $60.51. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Analysts anticipate 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.