Hanson & Doremus Investment Management Invests $227,000 in Flex Ltd. $FLEX

Hanson & Doremus Investment Management purchased a new stake in Flex Ltd. (NASDAQ:FLEX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,466 shares of the technology company’s stock, valued at approximately $227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its stake in Flex by 4.0% during the first quarter. Brookstone Capital Management now owns 11,753 shares of the technology company’s stock worth $769,000 after buying an additional 447 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Flex by 167.1% in the 1st quarter. SG Americas Securities LLC now owns 532,373 shares of the technology company’s stock worth $34,849,000 after acquiring an additional 333,071 shares during the last quarter. Evolve Private Wealth LLC raised its holdings in shares of Flex by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 42,130 shares of the technology company’s stock worth $2,758,000 after acquiring an additional 713 shares during the period. Diversified Trust Co boosted its position in shares of Flex by 7.8% during the 1st quarter. Diversified Trust Co now owns 8,279 shares of the technology company’s stock valued at $542,000 after acquiring an additional 596 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Flex by 4.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,463 shares of the technology company’s stock valued at $813,000 after acquiring an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Stock Down 2.5%

Shares of NASDAQ:FLEX opened at $151.85 on Wednesday. The business has a 50-day moving average price of $126.76 and a 200 day moving average price of $86.56. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $55.63 billion, a price-to-earnings ratio of 65.17, a PEG ratio of 0.82 and a beta of 1.64. Flex Ltd. has a 12-month low of $46.64 and a 12-month high of $166.86.

Flex (NASDAQ:FLEX) last posted its earnings results on Tuesday, March 31st. The technology company reported $0.93 EPS for the quarter. The company had revenue of $7.48 billion for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. Sell-side analysts expect that Flex Ltd. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FLEX shares. Barclays raised their price objective on shares of Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Robert W. Baird set a $165.00 price target on shares of Flex in a research note on Thursday, May 7th. The Goldman Sachs Group raised their price target on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.70.

Insiders Place Their Bets

In other news, insider Michael P. Hartung sold 7,269 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $145.22, for a total value of $1,055,604.18. Following the transaction, the insider directly owned 245,930 shares in the company, valued at approximately $35,713,954.60. This represents a 2.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Daniel Wendler sold 1,311 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $145.20, for a total transaction of $190,357.20. Following the transaction, the chief accounting officer directly owned 37,932 shares of the company’s stock, valued at $5,507,726.40. The trade was a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 769,195 shares of company stock worth $110,116,823. Insiders own 0.57% of the company’s stock.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex recently joined the S&P 500, which can attract passive index buying and improve visibility with institutional investors. Flex Ltd. (FLEX) to Join S&P 500 Index on June 22
• Neutral Sentiment: Multiple insiders, including CEO Revathi Advaithi, COO Kwang Hooi Tan, EVP David Scott Offer, CAO Daniel Wendler, and insider Michael P. Hartung, sold shares in recent filings. The company said the sales were tied to Rule 10b5-1 plans and tax withholding on vested equity awards, which reduces concern about negative fundamental news.
• Neutral Sentiment: One article mentioned “flex-fuel” Hyundai cars in India, but it does not appear related to Flex Ltd. and is unlikely to affect the stock. 5 Hyundai Cars Likely To Get Flex-Fuel Engine In India In 2026

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.