Savant Capital LLC Raises Stock Holdings in Flex Ltd. $FLEX

Savant Capital LLC boosted its stake in Flex Ltd. (NASDAQ:FLEX) by 85.2% during the second quarter, HoldingsChannel reports. The firm owned 24,813 shares of the technology company’s stock after buying an additional 11,412 shares during the period. Savant Capital LLC’s holdings in Flex were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLEX. BayBridge Capital Group LLC increased its holdings in shares of Flex by 2.1% in the 2nd quarter. BayBridge Capital Group LLC now owns 11,400 shares of the technology company’s stock worth $569,000 after buying an additional 235 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in Flex by 39.4% in the second quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company’s stock worth $43,000 after acquiring an additional 244 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Flex by 1.8% in the second quarter. Farther Finance Advisors LLC now owns 15,206 shares of the technology company’s stock valued at $759,000 after acquiring an additional 266 shares during the last quarter. Uncommon Cents Investing LLC raised its position in Flex by 4.1% during the second quarter. Uncommon Cents Investing LLC now owns 6,850 shares of the technology company’s stock valued at $342,000 after purchasing an additional 270 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in shares of Flex by 0.7% in the 1st quarter. Dynasty Wealth Management LLC now owns 37,233 shares of the technology company’s stock worth $1,232,000 after purchasing an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Price Performance

FLEX stock opened at $62.92 on Thursday. The stock has a market capitalization of $23.27 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.63 and a beta of 1.24. The firm’s 50-day moving average price is $60.01 and its two-hundred day moving average price is $51.48. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $67.00.

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

Insider Activity

In related news, Director William D. Watkins sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the transaction, the director owned 111,355 shares in the company, valued at $5,767,075.45. This represents a 8.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction on Monday, October 27th. The shares were sold at an average price of $64.88, for a total transaction of $811,000.00. Following the completion of the sale, the chief operating officer owned 251,136 shares in the company, valued at approximately $16,293,703.68. This trade represents a 4.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 120,020 shares of company stock valued at $7,004,342. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FLEX has been the topic of a number of research reports. 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. KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Argus set a $85.00 price objective on shares of Flex in a research note on Friday, October 31st. The Goldman Sachs Group increased their target price on shares of Flex from $66.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.75.

About Flex

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.