Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Flex Ltd. $FLEX

Northwestern Mutual Wealth Management Co. boosted its position in shares of Flex Ltd. (NASDAQ:FLEX) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,829 shares of the technology company’s stock after acquiring an additional 3,905 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Flex were worth $2,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FLEX. USA Financial Formulas purchased a new position in shares of Flex in the 4th quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Flex in the 4th quarter valued at about $28,000. CENTRAL TRUST Co boosted its stake in shares of Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares during the period. Gables Capital Management Inc. purchased a new position in shares of Flex in the 4th quarter valued at about $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Flex in the 3rd quarter valued at about $52,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is highlighted as a potential winner in a strengthening electronics sector, with analysts pointing to infrastructure investment and capacity expansion as tailwinds for the business. Article Title
• Positive Sentiment: Investors are reacting to Flex’s growth strategy, including the planned separation of its Power and Cloud portfolio and an acquisition in electrical power, which could expand its exposure to AI data centers, grid modernization, and electrification. Article Title
• Neutral Sentiment: A Zacks follow-up notes that FLEX has risen since its last earnings report, but questions remain about whether the momentum can continue, making this more of a status update than a clear catalyst. Article Title
• Negative Sentiment: EVP David Scott Offer sold 33,000 shares in a pre-arranged 10b5-1 transaction, trimming his stake by about 31%; while routine, insider selling can still weigh on sentiment. Article Title

Insider Buying and Selling at Flex

In other news, EVP David Scott Offer sold 33,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $153.91, for a total transaction of $5,079,030.00. Following the completion of the sale, the executive vice president owned 73,471 shares in the company, valued at $11,307,921.61. This represents a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael P. Hartung sold 22,216 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $142.38, for a total value of $3,163,114.08. Following the sale, the insider owned 232,706 shares of the company’s stock, valued at $33,132,680.28. This trade represents a 8.71% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 362,512 shares of company stock valued at $49,538,328. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FLEX. Stifel Nicolaus lifted their price objective on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. The Goldman Sachs Group lifted their price objective on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Robert W. Baird set a $165.00 price objective on Flex in a research note on Thursday, May 7th. Finally, Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Flex has an average rating of “Moderate Buy” and a consensus price target of $115.70.

Flex Price Performance

Shares of NASDAQ FLEX opened at $151.92 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Flex Ltd. has a twelve month low of $42.60 and a twelve month high of $166.86. The stock has a 50 day moving average of $107.57 and a two-hundred day moving average of $78.73. The stock has a market cap of $55.66 billion, a P/E ratio of 65.20, a P/E/G ratio of 0.84 and a beta of 1.64.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The company had revenue of $7.48 billion during the quarter. On average, research analysts forecast that Flex Ltd. will post 4.15 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.