Earnest Partners LLC Reduces Stock Position in Flex Ltd. $FLEX

Earnest Partners LLC decreased its holdings in Flex Ltd. (NASDAQ:FLEX) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,426,715 shares of the technology company’s stock after selling 85,583 shares during the period. Flex comprises approximately 0.9% of Earnest Partners LLC’s holdings, making the stock its 27th largest holding. Earnest Partners LLC’s holdings in Flex were worth $198,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FLEX. Norges Bank purchased a new stake in shares of Flex during the second quarter valued at $291,362,000. State Street Corp increased its stake in Flex by 38.0% in the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after buying an additional 3,377,669 shares during the period. Geode Capital Management LLC lifted its holdings in Flex by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock valued at $358,500,000 after buying an additional 2,459,511 shares in the last quarter. Pacer Advisors Inc. boosted its position in Flex by 5,973.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock valued at $79,132,000 after buying an additional 1,342,569 shares during the period. 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 worth $153,374,000 after acquiring an additional 1,183,464 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the transaction, the chief financial officer owned 143,803 shares in the company, valued at $8,805,057.69. This trade represents a 12.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FLEX has been the topic of a number of research reports. Barclays raised their target price on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Raymond James Financial set a $80.00 price objective on Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Robert W. Baird began coverage on Flex in a report on Thursday. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Flex has an average rating of “Moderate Buy” and a consensus price target of $67.10.

Flex Price Performance

Shares of FLEX opened at $63.44 on Friday. The company has a 50 day moving average price of $63.72 and a 200-day moving average price of $61.52. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The stock has a market capitalization of $23.33 billion, a PE ratio of 28.45, a PEG ratio of 1.55 and a beta of 1.24. 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 issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. Flex’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $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. Equities analysts predict that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

About Flex

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.