Flex Ltd. $FLEX Stock Holdings Lessened by Entropy Technologies LP

Entropy Technologies LP cut its holdings in Flex Ltd. (NASDAQ:FLEX) by 87.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,705 shares of the technology company’s stock after selling 77,178 shares during the period. Entropy Technologies LP’s holdings in Flex were worth $701,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Flex by 196.1% in the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after acquiring an additional 25,662,586 shares during the period. Norges Bank acquired a new stake in shares of Flex during the 4th quarter worth approximately $319,756,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Flex in the 4th quarter worth approximately $2,497,000. Sequoia Financial Advisors LLC boosted its position in Flex by 12.5% during the 4th 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 period. Finally, Teacher Retirement System of Texas boosted its position in Flex by 62.3% during the 4th quarter. Teacher Retirement System of Texas now owns 340,389 shares of the technology company’s stock valued at $20,566,000 after purchasing an additional 130,641 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling at Flex

In other Flex news, insider Michael P. Hartung sold 7,269 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $145.22, for a total transaction of $1,055,604.18. Following the transaction, the insider owned 245,930 shares of the company’s stock, valued at approximately $35,713,954.60. This trade represents a 2.87% decrease in their position. The transaction 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, CAO Daniel Wendler sold 1,311 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $145.20, for a total transaction of $190,357.20. Following the sale, the chief accounting officer owned 37,932 shares in the company, valued at $5,507,726.40. This trade represents a 3.34% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 769,195 shares of company stock valued at $110,116,823. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on FLEX. Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Barclays boosted their price target on shares of Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Robert W. Baird set a $165.00 price target on shares of Flex in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Finally, The Goldman Sachs Group lifted their price objective on shares of Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and an average price target of $124.70.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex reported fiscal Q1 2027 adjusted earnings of $1.00 per share, above the roughly $0.90-$0.93 analyst consensus, while revenue reached $7.93 billion versus expectations near $7.53 billion. Revenue increased 20.6% year over year, and adjusted operating margin reached 6.7%. Flex fiscal Q1 results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $33.7 billion-$35.2 billion, above the $33.3 billion consensus, and set second-quarter revenue guidance of $8.0 billion-$8.3 billion versus expectations of $7.8 billion. Q2 EPS guidance of $1.00-$1.07 also exceeds the $0.98 consensus. Flex earnings beat and guidance
• Positive Sentiment: Growth accelerated in Cloud and Power Infrastructure, supporting the planned separation of that business into an independently traded company, SpinCo, expected in the first calendar quarter of 2027. Flex SpinCo leadership announcement
• Neutral Sentiment: Flex announced leadership teams for both the remaining Flex business and SpinCo, providing additional detail on preparations for the planned separation but no immediate financial impact. Flex Q1 2027 earnings call transcript
• Negative Sentiment: The stock’s decline, on volume well above average, indicates that the strong results and outlook may already have been priced in. With shares trading at a relatively elevated earnings multiple, investors may be taking profits because the full-year EPS guidance range of $4.42-$4.74 only modestly exceeds or surrounds current consensus expectations.

Flex Stock Performance

Shares of FLEX stock opened at $103.02 on Thursday. Flex Ltd. has a 12-month low of $47.83 and a 12-month high of $166.86. 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 firm has a market capitalization of $37.74 billion, a price-to-earnings ratio of 44.21, a price-to-earnings-growth ratio of 0.59 and a beta of 1.64. The business has a 50 day simple moving average of $140.27 and a 200 day simple moving average of $99.27.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. On average, equities research analysts anticipate that Flex Ltd. will post 4.18 EPS for the current 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.