Three Seasons Wealth LLC Invests $822,000 in Flex Ltd. $FLEX

Three Seasons Wealth LLC purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,074 shares of the technology company’s stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLEX. Norges Bank bought a new position in shares of Flex during the fourth quarter valued at approximately $319,756,000. Rithm Capital Corp. purchased a new stake in shares of Flex in the first quarter worth approximately $1,407,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Flex during the 4th quarter worth approximately $2,497,000. Sequoia Financial Advisors LLC boosted its holdings in Flex by 12.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 173,277 shares of the technology company’s stock valued at $10,469,000 after acquiring an additional 19,270 shares during the period. Finally, North Dakota State Investment Board bought a new position in Flex in the 4th quarter valued at $794,000. 94.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Flex news, EVP David Offer sold 20,812 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $144.47, for a total value of $3,006,709.64. Following the completion of the transaction, the executive vice president directly owned 97,779 shares in the company, valued at approximately $14,126,132.13. The trade was a 17.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 22,627 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $144.48, for a total transaction of $3,269,148.96. Following the completion of the sale, the insider owned 253,199 shares in the company, valued at $36,582,191.52. This represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 426,938 shares of company stock worth $61,941,083 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: AI data-center and grid exposure: EPC Power designs power-conversion systems for data centers, utility-scale energy storage and microgrids. Its grid-forming technology and support for next-generation 800-volt data-center architectures could allow Flex to benefit from rising AI infrastructure and electricity-demand investment. Flex to Acquire EPC Power
• Positive Sentiment: Strategic expansion: Management plans to incorporate EPC Power into Flex’s upcoming spin-off, potentially creating a more focused power-infrastructure business and highlighting the value of the acquired assets. Flex Buys EPC Power
• Neutral Sentiment: Large transaction to assess: The $4.4 billion purchase is a major expansion for Flex. Investors will likely focus on the deal’s funding, integration progress, contribution to earnings and how the business will be structured within the planned spin-off. Flex to Acquire EPC Power
• Neutral Sentiment: Investor engagement: Flex leadership is scheduled to participate in the Goldman Sachs Communacopia + Technology Conference, providing an opportunity for management to discuss the acquisition and its AI infrastructure strategy. Flex Investor Conference
• Neutral Sentiment: Valuation support: Zacks highlighted Flex as a potential long-term value stock based on its style-score framework, which may reinforce positive sentiment but does not represent a new operating or earnings update. Why Flex Is a Top Value Stock
• Neutral Sentiment: Legal update: A trade-secret lawsuit involving Flex is reportedly moving toward resolution, but the available report does not indicate a material financial impact. Flex Trade Secret Suit

Flex Stock Up 1.5%

Flex stock opened at $109.51 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.38 and a debt-to-equity ratio of 0.95. The firm has a market cap of $40.45 billion, a P/E ratio of 42.28, a P/E/G ratio of 0.54 and a beta of 1.67. The business has a fifty day moving average of $122.84 and a two-hundred day moving average of $108.80. Flex Ltd. has a twelve month low of $53.07 and a twelve month high of $166.86.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Friday, June 26th. The technology company reported $1.00 EPS for the quarter. The firm had revenue of $7.93 billion during the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%. On average, analysts forecast that Flex Ltd. will post 4.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLEX. Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. The Goldman Sachs Group reduced their price target on shares of Flex from $177.00 to $154.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Robert W. Baird set a $142.00 price objective on shares of Flex in a research report on Thursday, July 30th. Finally, Raymond James Financial set a $170.00 target price on shares of Flex and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.20.

Flex Company 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.