Aberdeen Group plc Has $16.94 Million Position in Flex Ltd. $FLEX

Aberdeen Group plc increased its stake in Flex Ltd. (NASDAQ:FLEX) by 5.7% in the 2nd quarter, Holdings Channel reports. The firm owned 339,270 shares of the technology company’s stock after purchasing an additional 18,382 shares during the period. Aberdeen Group plc’s holdings in Flex were worth $16,936,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Flex by 4.8% in the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock worth $719,232,000 after purchasing an additional 996,276 shares during the last quarter. Invesco Ltd. lifted its holdings in Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock worth $276,652,000 after purchasing an additional 2,968,285 shares during the last quarter. Voya Investment Management LLC lifted its holdings 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 purchasing an additional 690,611 shares during the last quarter. Earnest Partners LLC lifted its holdings in Flex by 3.2% in the 1st quarter. Earnest Partners LLC now owns 4,121,113 shares of the technology company’s stock worth $136,326,000 after purchasing an additional 128,464 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Flex by 16.9% in 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 worth $103,714,000 after purchasing an additional 453,455 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Flex

In other Flex news, CAO Daniel Wendler sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total value of $566,600.00. Following the sale, the chief accounting officer directly owned 37,619 shares in the company, valued at $2,131,492.54. This represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kwang Hooi Tan sold 12,500 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the completion of the sale, the chief operating officer owned 263,636 shares in the company, valued at $13,247,709. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,020 shares of company stock valued at $4,923,667 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FLEX has been the subject of several analyst reports. Barclays boosted their target price on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Stifel Nicolaus upped their price target on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 25th. The Goldman Sachs Group set a $66.00 price target on Flex in a report on Monday, September 29th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. upped their price target on Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.71.

Flex Stock Performance

FLEX opened at $59.60 on Wednesday. The stock has a market cap of $22.37 billion, a PE ratio of 26.14, a P/E/G ratio of 1.91 and a beta of 1.15. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $60.49. The stock’s 50 day simple moving average is $55.01 and its 200-day simple moving average is $46.62.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.Flex’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $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. Sell-side analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

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.