Crossmark Global Holdings Inc. Raises Stock Position in Flex Ltd. $FLEX

Crossmark Global Holdings Inc. grew its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 349.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 338,439 shares of the technology company’s stock after acquiring an additional 263,178 shares during the period. Crossmark Global Holdings Inc.’s holdings in Flex were worth $19,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FLEX. Norges Bank acquired a new position in Flex during the second quarter worth $291,362,000. State Street Corp increased its position in shares of 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 buying an additional 3,377,669 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Flex by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock worth $358,500,000 after buying an additional 2,459,511 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Flex by 5,973.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock worth $79,132,000 after buying an additional 1,342,569 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Flex by 80.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock valued at $153,374,000 after acquiring an additional 1,183,464 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Trading Down 0.7%

Shares of FLEX opened at $63.51 on Friday. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The company has a market capitalization of $23.35 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The stock has a fifty day moving average of $63.72 and a two-hundred day moving average of $60.99. 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 announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lifted 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. Jefferies Financial Group reissued a “hold” rating and set a $23.00 price objective on shares of Flex in a research note on Wednesday, November 12th. Barclays upped their target price on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Wall Street Zen raised Flex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.78.

Insider Transactions at Flex

In other news, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were 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 of the company’s stock, valued at $8,805,057.69. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the sale, the chief accounting officer directly owned 27,619 shares in the company, valued at $1,987,739.43. This represents a 26.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

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.