Becker Capital Management Inc. Has $34.27 Million Stock Holdings in Flex Ltd. $FLEX

Becker Capital Management Inc. reduced its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 591,081 shares of the technology company’s stock after selling 10,747 shares during the quarter. Becker Capital Management Inc.’s holdings in Flex were worth $34,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank acquired a new stake in Flex during the second quarter worth about $291,362,000. State Street Corp boosted its position in shares of Flex by 38.0% during the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after acquiring 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 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock worth $358,500,000 after acquiring an additional 2,459,511 shares in the last quarter. Pacer Advisors Inc. increased its stake in Flex by 5,973.9% in the third quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock valued at $79,132,000 after acquiring an additional 1,342,569 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Flex by 80.9% during the third quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock worth $153,374,000 after purchasing an additional 1,183,464 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Activity

In other news, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the completion of the sale, the chief accounting officer owned 27,619 shares in the company, valued at $1,987,739.43. The trade was a 26.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s 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 sale, the chief financial officer owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is owned by corporate insiders.

Flex Stock Down 0.3%

Flex stock opened at $63.02 on Monday. The firm has a market cap of $23.17 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.54 and a beta of 1.24. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $72.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The firm has a 50 day moving average price of $63.70 and a two-hundred day moving average price of $60.74.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. Flex’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FLEX. Barclays boosted their target price on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 target price on shares of Flex in a research note on Wednesday, November 12th. Raymond James Financial set a $80.00 price target on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.78.

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.