Nordea Investment Management AB Makes New Investment in Flex Ltd. $FLEX

Nordea Investment Management AB purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 33,506 shares of the technology company’s stock, valued at approximately $2,056,000.

Several other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co boosted its position in Flex by 238.3% in the third 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Flex during the 3rd quarter worth approximately $52,000. Root Financial Partners LLC acquired a new stake in Flex during the 3rd quarter valued at approximately $57,000. CI Investments Inc. lifted its stake in Flex by 60.4% during the 3rd quarter. CI Investments Inc. now owns 1,022 shares of the technology company’s stock valued at $59,000 after acquiring an additional 385 shares during the period. Finally, Rexford Capital Inc. purchased a new stake in shares of Flex in the 2nd quarter valued at $57,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Flex Stock Up 0.1%

FLEX opened at $64.80 on Friday. The company has a fifty day moving average of $64.23 and a two-hundred day moving average of $62.28. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.58 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. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (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 business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLEX. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. The Goldman Sachs Group increased their price target on Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Robert W. Baird started coverage on Flex in a research note on Thursday, March 12th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Barclays raised their target price on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Flex presently has an average rating of “Moderate Buy” and a consensus price target of $67.10.

Insider Buying and Selling

In other news, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the transaction, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at $8,805,057.69. This represents a 12.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares in the company, valued at $13,754,151.32. This trade represents a 6.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate 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.