SG Americas Securities LLC Sells 398,597 Shares of Flex Ltd. $FLEX

SG Americas Securities LLC trimmed its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 66.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,302 shares of the technology company’s stock after selling 398,597 shares during the period. SG Americas Securities LLC owned about 0.05% of Flex worth $12,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Brighton Jones LLC purchased a new stake in shares of Flex in the 4th quarter worth approximately $260,000. Goldman Sachs Group Inc. raised its stake in Flex by 19.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after buying an additional 211,046 shares in the last quarter. Empowered Funds LLC purchased a new stake in Flex during the first quarter worth $397,000. Prudential Financial Inc. boosted its position in Flex by 27.1% during the 2nd quarter. Prudential Financial Inc. now owns 189,280 shares of the technology company’s stock valued at $9,449,000 after acquiring an additional 40,330 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Flex during the 2nd quarter valued at $504,000. Institutional investors own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FLEX. Barclays boosted their price target on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Robert W. Baird assumed coverage on shares of Flex in a report on Thursday, March 12th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.10.

Flex Stock Up 0.1%

Flex stock opened at $64.80 on Friday. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $72.22. The business has a fifty day moving average price of $64.23 and a 200-day moving average price of $62.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88. 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 (NASDAQ:FLEX) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. 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 research analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity at Flex

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