Dynamic Technology Lab Private Ltd Sells 37,128 Shares of Flex Ltd. $FLEX

Dynamic Technology Lab Private Ltd reduced its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 75.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,302 shares of the technology company’s stock after selling 37,128 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Flex were worth $614,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Flex in the fourth quarter valued at $260,000. CWM LLC increased its holdings in Flex by 73.3% in the 1st quarter. CWM LLC now owns 1,281 shares of the technology company’s stock worth $42,000 after acquiring an additional 542 shares during the last quarter. IFP Advisors Inc raised its stake in Flex by 8.2% in the 1st quarter. IFP Advisors Inc now owns 7,403 shares of the technology company’s stock valued at $245,000 after acquiring an additional 563 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Flex during the first quarter valued at about $8,109,000. Finally, AE Wealth Management LLC bought a new position in Flex during the first quarter worth about $233,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Trading Up 1.4%

Shares of FLEX stock opened at $55.29 on Monday. The company has a market capitalization of $20.45 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $67.00. The business’s fifty day moving average is $60.17 and its 200 day moving average is $52.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.70 billion. Flex had a return on equity of 20.86% and a net margin of 3.33%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. On average, equities research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity at Flex

In other news, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction of $566,600.00. Following the sale, the chief accounting officer owned 37,619 shares in the company, valued at approximately $2,131,492.54. This trade represents a 21.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Kwang Hooi Tan sold 12,500 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $64.88, for a total transaction of $811,000.00. Following the completion of the transaction, the chief operating officer owned 251,136 shares of the company’s stock, valued at $16,293,703.68. This trade represents a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 132,500 shares of company stock valued at $7,870,250. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Jefferies Financial Group restated a “hold” rating and set a $23.00 price target on shares of Flex in a research note on Wednesday, November 12th. The Goldman Sachs Group increased their target price on Flex from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research note on Wednesday. Finally, Zacks Research upgraded Flex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.75.

Flex Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.