Waldron Private Wealth LLC Makes New Investment in Flex Ltd. $FLEX

Waldron Private Wealth LLC 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 10,745 shares of the technology company’s stock, valued at approximately $649,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Flex by 1.7% in the third quarter. Vanguard Group Inc. now owns 13,083,744 shares of the technology company’s stock valued at $758,465,000 after buying an additional 221,819 shares during the last quarter. State Street Corp raised its position in 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 buying an additional 3,377,669 shares during the last quarter. Invesco Ltd. lifted its stake in Flex by 6.1% during the 2nd quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company’s stock valued at $442,870,000 after acquiring an additional 508,495 shares during the period. Norges Bank acquired a new stake in Flex during the 2nd quarter valued at approximately $291,362,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Flex by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,631,237 shares of the technology company’s stock valued at $326,443,000 after acquiring an additional 355,061 shares during the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the transaction, the chief operating officer owned 233,636 shares in the company, valued at $13,754,151.32. The trade was a 6.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value 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. The trade was a 12.96% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on FLEX shares. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Raymond James Financial set a $80.00 price target on shares of Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Robert W. Baird began coverage on Flex in a research report on Thursday, March 12th. They set an “outperform” rating and a $70.00 price target on the stock. The Goldman Sachs Group boosted their price objective on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, Barclays upped 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. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and an average price target of $67.10.

Flex Stock Performance

FLEX opened at $64.80 on Monday. The firm has a fifty day moving average price of $64.23 and a 200 day moving average price of $62.31. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $72.22. The stock has a market cap of $23.83 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 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 net margin of 3.17% and a return on equity of 20.99%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $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 research analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

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.