Flex Ltd. $FLEX Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd boosted its holdings in Flex Ltd. (NASDAQ:FLEX) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 144,079 shares of the technology company’s stock after buying an additional 32,457 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Flex were worth $8,705,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its stake in Flex by 1.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 341,739 shares of the technology company’s stock valued at $20,648,000 after purchasing an additional 3,300 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new position in Flex in the fourth quarter valued at $1,028,000. MGO One Seven LLC increased its stake in Flex by 4.5% in the fourth quarter. MGO One Seven LLC now owns 36,768 shares of the technology company’s stock valued at $2,222,000 after purchasing an additional 1,592 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Flex by 12.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 173,277 shares of the technology company’s stock valued at $10,469,000 after purchasing an additional 19,270 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Flex by 10.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 51,315 shares of the technology company’s stock valued at $3,100,000 after purchasing an additional 4,660 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP David Scott Offer sold 22,212 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $142.40, for a total value of $3,162,988.80. Following the completion of the sale, the executive vice president owned 74,926 shares of the company’s stock, valued at $10,669,462.40. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Erin Mcsweeney sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $136.59, for a total value of $341,475.00. Following the completion of the sale, the director directly owned 14,512 shares of the company’s stock, valued at $1,982,194.08. The trade was a 14.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 223,512 shares of company stock valued at $30,283,218. 0.57% of the stock is owned by insiders.

More Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO is publicly leaning into AI as a major growth driver, signaling that the company sees meaningful demand ahead from AI infrastructure and related hardware spending. Flex CEO bets big on AI
• Positive Sentiment: Reports that Flex may spin off its AI data center business suggest management could unlock value by separating a fast-growing segment from the rest of the company. Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Neutral Sentiment: Short-interest data from mid-May appears unreliable or incomplete, so it does not provide a clear new signal for the stock.
• Neutral Sentiment: Broader commentary from other AI leaders and investors reinforces the strength of the AI theme, but it is indirect and not specific to Flex’s fundamentals. AMD CEO Lisa Su Says CPUs Will Match GPUs 1-to-1 in AI’s Next Phase

Flex Stock Performance

Shares of NASDAQ:FLEX opened at $139.69 on Wednesday. The firm has a market capitalization of $51.36 billion, a PE ratio of 59.95 and a beta of 1.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. The business has a 50-day moving average of $79.15 and a two-hundred day moving average of $68.72. Flex Ltd. has a 12 month low of $40.15 and a 12 month high of $145.40.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. As a group, research analysts forecast that Flex Ltd. will post 3.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. KeyCorp upped their target price on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $165.00 target price on Flex in a research note on Thursday, May 7th. Barclays upped their target price on Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their price target on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.80.

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.