Capital World Investors Purchases 58,537 Shares of Flex Ltd. $FLEX

Capital World Investors grew its position in shares of Flex Ltd. (NASDAQ:FLEX) by 67.4% in the third quarter, Holdings Channel reports. The firm owned 145,411 shares of the technology company’s stock after purchasing an additional 58,537 shares during the period. Capital World Investors’ holdings in Flex were worth $8,429,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FLEX. Brighton Jones LLC bought a new position in Flex in the 4th quarter worth about $260,000. Goldman Sachs Group Inc. boosted 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 last quarter. Empowered Funds LLC bought a new stake in shares of Flex during the 1st quarter valued at about $397,000. Savant Capital LLC grew its holdings in shares of Flex by 85.2% during the second quarter. Savant Capital LLC now owns 24,813 shares of the technology company’s stock worth $1,239,000 after purchasing an additional 11,412 shares in the last quarter. Finally, Aviva PLC increased its position in shares of Flex by 74.4% in the second quarter. Aviva PLC now owns 26,091 shares of the technology company’s stock worth $1,302,000 after purchasing an additional 11,132 shares during the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

FLEX stock opened at $63.29 on Friday. The firm has a market cap of $23.27 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.55 and a beta of 1.24. The firm’s fifty day moving average is $63.72 and its 200 day moving average is $61.40. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $72.22. 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 posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share 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 business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’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. Research analysts predict that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Transactions at Flex

In other news, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the sale, the chief operating officer owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. The trade was a 6.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FLEX. Barclays raised their target price on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Raymond James Financial set a $80.00 price target on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. The Goldman Sachs Group upped their target price on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Robert W. Baird assumed coverage on Flex in a research note on Thursday. They issued an “outperform” rating and a $70.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and an average price target of $67.10.

Flex Company 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.