Flex Ltd. $FLEX Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC lowered its position in Flex Ltd. (NASDAQ:FLEX) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,253 shares of the technology company’s stock after selling 12,000 shares during the quarter. Flex accounts for approximately 0.3% of Ionic Capital Management LLC’s holdings, making the stock its 9th biggest holding. Ionic Capital Management LLC’s holdings in Flex were worth $2,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners lifted its stake in shares of Flex by 3.5% in the second quarter. Boston Partners now owns 20,620,717 shares of the technology company’s stock worth $1,029,769,000 after acquiring an additional 687,835 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Flex by 1.7% during the third quarter. Vanguard Group Inc. now owns 13,083,744 shares of the technology company’s stock worth $758,465,000 after buying an additional 221,819 shares in the last quarter. State Street Corp raised its holdings in Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after acquiring an additional 3,377,669 shares in the last quarter. Invesco Ltd. grew its holdings in Flex by 6.1% during the 2nd quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company’s stock worth $442,870,000 after acquiring an additional 508,495 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Flex by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock worth $358,500,000 after purchasing an additional 2,459,511 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FLEX. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Barclays boosted their price target on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Raymond James Financial set a $80.00 price objective on Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Finally, The Goldman Sachs Group raised their price target 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. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.10.

Flex Stock Up 0.2%

Shares of FLEX stock opened at $63.44 on Monday. Flex Ltd. has a 1 year low of $25.11 and a 1 year 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. The business’s fifty day moving average is $63.72 and its 200-day moving average is $61.58. The stock has a market cap of $23.32 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share 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 quarter in the prior year, the firm posted $0.77 earnings per share. The company’s revenue 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. Equities analysts expect that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 143,803 shares in the company, valued at approximately $8,805,057.69. This trade represents a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.

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.