Renaissance Group LLC Acquires 31,095 Shares of Flex Ltd. $FLEX

Renaissance Group LLC boosted its holdings in Flex Ltd. (NASDAQ:FLEX) by 21.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175,521 shares of the technology company’s stock after acquiring an additional 31,095 shares during the period. Renaissance Group LLC’s holdings in Flex were worth $8,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in Flex during the fourth quarter worth approximately $260,000. CWM LLC lifted its holdings in Flex by 73.3% during the 1st quarter. CWM LLC now owns 1,281 shares of the technology company’s stock worth $42,000 after purchasing an additional 542 shares during the last quarter. South Dakota Investment Council acquired a new position in Flex in the 1st quarter valued at $364,000. IFP Advisors Inc increased its position in Flex by 8.2% during the 1st quarter. IFP Advisors Inc now owns 7,403 shares of the technology company’s stock worth $245,000 after buying an additional 563 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Flex by 63.9% during the first quarter. Lindbrook Capital LLC now owns 5,938 shares of the technology company’s stock worth $196,000 after buying an additional 2,314 shares in the last quarter. 94.30% of the stock is owned by institutional investors.

Flex Stock Performance

NASDAQ:FLEX opened at $57.57 on Wednesday. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $67.00. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $60.27 and its 200 day simple moving average is $52.26. The firm has a market capitalization of $21.29 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.70 billion. Flex had a net margin of 3.33% and a return on equity of 20.86%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. On average, analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Activity at Flex

In other news, Director Erin Mcsweeney sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the sale, the director directly owned 17,012 shares in the company, valued at approximately $875,607.64. The trade was a 37.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kwang Hooi Tan sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $64.88, for a total transaction of $811,000.00. Following the completion of the transaction, the chief operating officer owned 251,136 shares of the company’s stock, valued at approximately $16,293,703.68. This trade represents a 4.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 132,500 shares of company stock worth $7,812,450 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FLEX shares. Jefferies Financial Group restated a “hold” rating and issued a $23.00 price target on shares of Flex in a research note on Wednesday, November 12th. Barclays lifted their price target on shares of Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Stifel Nicolaus lifted their price objective on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

Flex Company Profile

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.