HighPoint Advisor Group LLC Lowers Position in Flex Ltd. $FLEX

HighPoint Advisor Group LLC trimmed its position in shares of Flex Ltd. (NASDAQ:FLEX) by 31.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,863 shares of the technology company’s stock after selling 4,991 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Flex were worth $656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of Flex during the fourth quarter valued at approximately $28,000. CENTRAL TRUST Co boosted its holdings in shares of Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Flex in the 3rd quarter worth about $52,000. Root Financial Partners LLC purchased a new stake in shares of Flex in the 3rd quarter worth about $57,000. Finally, CI Investments Inc. lifted its position 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. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Analysts Set New Price Targets

FLEX has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Robert W. Baird set a $165.00 target price on shares of Flex in a report on Thursday, May 7th. Stifel Nicolaus upped their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. The Goldman Sachs Group raised their price objective on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.80.

Insiders Place Their Bets

In related news, COO Kwang Hooi Tan sold 26,175 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $142.37, for a total value of $3,726,534.75. Following the transaction, the chief operating officer directly owned 256,043 shares of the company’s stock, valued at approximately $36,452,841.91. This represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Revathi Advaithi sold 114,090 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $142.37, for a total value of $16,242,993.30. Following the completion of the transaction, the chief executive officer directly owned 689,022 shares in the company, valued at $98,096,062.14. This trade represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 223,512 shares of company stock worth $30,283,218 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Flex Stock Up 2.9%

NASDAQ:FLEX opened at $143.80 on Thursday. The firm has a market cap of $52.87 billion, a P/E ratio of 61.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. Flex Ltd. has a fifty-two week low of $40.15 and a fifty-two week high of $147.34. The firm has a 50-day simple moving average of $80.71 and a two-hundred day simple moving average of $69.28.

Flex (NASDAQ:FLEX) last issued its earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. The firm had revenue of $7.48 billion for the quarter. Analysts predict that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Recent articles highlight Flex as a beneficiary of the AI buildout, with its CEO publicly emphasizing AI as a key growth driver and reports suggesting a possible AI data center spinoff could unlock additional value for shareholders. Flex CEO bets big on AI Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Positive Sentiment: Analyst sentiment remains constructive, with several firms recently lifting price targets and reiterating bullish ratings after Flex’s stronger-than-expected quarterly results and raised FY2027 outlook.
• Neutral Sentiment: Zacks published a style-scores piece calling Flex a strong growth stock, which reinforces the company’s growth profile but does not appear to be a fresh fundamental catalyst. Here's Why Flex (FLEX) is a Strong Growth Stock
• Negative Sentiment: A series of insider sales from the CEO, COO, EVP, CAO, and a director may weigh on sentiment, although the filings say several of the transactions were for tax-withholding related to equity vesting rather than discretionary selling. Erin Mcsweeney Sells 2,500 Shares of Flex (NASDAQ:FLEX) Stock

About Flex

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.