Envestnet Asset Management Inc. Purchases 19,905 Shares of Flex Ltd. $FLEX

Envestnet Asset Management Inc. increased its position in Flex Ltd. (NASDAQ:FLEX) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,369,500 shares of the technology company’s stock after acquiring an additional 19,905 shares during the period. Envestnet Asset Management Inc.’s holdings in Flex were worth $79,390,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in shares of Flex by 17.7% in the third quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company’s stock worth $138,749,000 after buying an additional 360,553 shares during the last quarter. Simmons Bank lifted its position in Flex by 7.4% during the third quarter. Simmons Bank now owns 52,719 shares of the technology company’s stock valued at $3,056,000 after purchasing an additional 3,651 shares in the last quarter. Peak Retirement Planning Inc. grew its holdings in Flex by 16.7% during the third quarter. Peak Retirement Planning Inc. now owns 40,409 shares of the technology company’s stock valued at $2,343,000 after purchasing an additional 5,778 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in Flex in the third quarter worth about $1,668,000. Finally, United Community Bank raised its stake in shares of Flex by 14.9% in the third quarter. United Community Bank now owns 8,825 shares of the technology company’s stock worth $512,000 after buying an additional 1,145 shares during the period. Institutional investors own 94.30% of the company’s stock.

Flex Trading Up 6.4%

FLEX opened at $63.98 on Monday. The stock has a 50-day moving average of $63.69 and a 200 day moving average of $59.25. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22. The firm has a market cap of $23.66 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.60 and a beta of 1.24.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Flex’s quarterly revenue was up 7.7% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, research analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Raymond James Financial set a $80.00 price objective on Flex and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price target on shares of Flex in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Flex from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and a consensus target price of $66.78.

Insider Transactions at Flex

In other Flex news, Director William D. Watkins sold 20,000 shares of the company’s 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 in the company, valued at $5,346,939.96. This represents a 16.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael P. Hartung sold 15,000 shares of Flex stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $62.21, for a total transaction of $933,150.00. Following the sale, the insider directly owned 211,198 shares of the company’s stock, valued at $13,138,627.58. This represents a 6.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 86,406 shares of company stock valued at $5,195,639. Company insiders own 0.57% of the company’s stock.

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.