Flex Ltd. $FLEX Shares Purchased by Probity Advisors Inc.

Probity Advisors Inc. lifted its stake in Flex Ltd. (NASDAQ:FLEX) by 18.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,688 shares of the technology company’s stock after purchasing an additional 1,482 shares during the quarter. Probity Advisors Inc.’s holdings in Flex were worth $484,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Flex by 4.8% during the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock valued at $719,232,000 after purchasing an additional 996,276 shares in the last quarter. Invesco Ltd. increased its position in shares of Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after acquiring an additional 2,968,285 shares during the period. Voya Investment Management LLC raised its stake in Flex by 16.7% in the 1st quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock worth $159,243,000 after acquiring an additional 690,611 shares during the last quarter. Earnest Partners LLC lifted its position in Flex by 3.2% during the 1st quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock worth $136,326,000 after acquiring an additional 128,464 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Flex by 16.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company’s stock valued at $103,714,000 after purchasing an additional 453,455 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Price Performance

NASDAQ:FLEX opened at $62.75 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The company has a 50 day moving average price of $56.04 and a 200-day moving average price of $47.62. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $64.29. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Equities research analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FLEX shares. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. KeyCorp raised their price target on shares of Flex from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Barclays lifted their price objective on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.71.

Insider Buying and Selling

In other news, Director Erin Mcsweeney sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the transaction, the director directly owned 17,012 shares of the company’s stock, valued at $875,607.64. This represents a 37.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total value of $2,571,300.00. Following the transaction, the insider owned 256,198 shares in the company, valued at $14,639,153.72. This trade represents a 14.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,020 shares of company stock worth $4,923,667 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.