Federated Hermes Inc. Has $1.95 Million Stock Position in Flex Ltd. $FLEX

Federated Hermes Inc. lessened its stake in Flex Ltd. (NASDAQ:FLEX) by 84.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,582 shares of the technology company’s stock after selling 179,366 shares during the quarter. Federated Hermes Inc.’s holdings in Flex were worth $1,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Flex in the 2nd quarter worth $291,362,000. State Street Corp lifted its holdings 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 purchasing an additional 3,377,669 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Flex by 52.1% during the second 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 period. Pacer Advisors Inc. grew its holdings in shares of Flex by 5,973.9% during the third 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, Bank of New York Mellon Corp raised its position in Flex by 44.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,928,808 shares of the technology company’s stock valued at $146,206,000 after buying an additional 894,790 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Flex

In other news, Director William D. Watkins sold 20,000 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $54.52, for a total value of $1,090,400.00. Following the transaction, the director directly owned 98,073 shares of the company’s stock, valued at $5,346,939.96. This represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the sale, the chief accounting officer owned 27,619 shares of the company’s stock, valued at approximately $1,987,739.43. This represents a 26.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 86,406 shares of company stock worth $5,195,639 in the last three months. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FLEX. Argus set a $85.00 price target on Flex in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. KeyCorp raised their price objective on Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 target price on shares of Flex in a research report on Wednesday, November 12th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Beat estimates and raised guidance — FLEX reported $0.87 EPS vs. $0.79 consensus and ~$7.06B revenue (beats), with adjusted operating margin improving and management raising full‑year net sales, adjusted operating margin and adjusted EPS guidance. FLEX REPORTS THIRD QUARTER FISCAL 2026 RESULTS
• Positive Sentiment: Guidance slightly above Street — FY26 EPS guided to $3.210–3.270 (vs. ~3.02 consensus) and Q4 EPS to $0.830–0.890 (vs. ~0.82), with FY revenue range modestly above consensus — a near‑term financing/earnings beat that supports the outlook. Flex Raises Outlook After Record Quarter Fueled By AI Data Centers
• Neutral Sentiment: Results were presentation‑ready — management hosted the earnings call and slide deck that detail customer mix, margins and segment performance (useful for investors parsing sustainability of the beat). Flex Ltd. (FLEX) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Investor reaction — despite the double beat, shares fell because sequential revenue growth is slowing and the quarter was seen as too concentrated in AI/data‑center demand, raising concentration and sustainability concerns. Flex Q3: Not Enough Growth, Investors Didn’t Like It
• Negative Sentiment: High volume and volatility — trading spiked well above average as investors repositioned, amplifying the sell‑off despite the beat. Flex Trading Page

Flex Stock Down 10.9%

Flex stock opened at $58.83 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83. The company’s 50-day moving average is $63.56 and its 200-day moving average is $59.08. The firm has a market capitalization of $21.75 billion, a PE ratio of 26.03, a P/E/G ratio of 1.74 and a beta of 1.24. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a return on equity of 20.86% and a net margin of 3.33%.Flex’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter 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. Sell-side analysts anticipate that Flex Ltd. will post 2.33 earnings per share 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.