Aviva PLC Has $1.30 Million Stake in Flex Ltd. $FLEX

Aviva PLC grew its holdings in Flex Ltd. (NASDAQ:FLEX) by 74.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,091 shares of the technology company’s stock after purchasing an additional 11,132 shares during the quarter. Aviva PLC’s holdings in Flex were worth $1,302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in Flex during the 2nd quarter worth about $29,646,000. Vestmark Advisory Solutions Inc. lifted its position in shares of Flex by 215.2% during the second quarter. Vestmark Advisory Solutions Inc. now owns 47,369 shares of the technology company’s stock worth $2,365,000 after purchasing an additional 32,343 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Flex by 41.9% during the second quarter. First Eagle Investment Management LLC now owns 23,705 shares of the technology company’s stock valued at $1,183,000 after purchasing an additional 7,001 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of Flex in the second quarter valued at approximately $392,000. Finally, Savant Capital LLC raised its position in Flex by 85.2% in the 2nd quarter. Savant Capital LLC now owns 24,813 shares of the technology company’s stock worth $1,239,000 after purchasing an additional 11,412 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Flex

In other news, COO Kwang Hooi Tan sold 12,500 shares of the company’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 value of $811,000.00. Following the completion of the transaction, the chief operating officer owned 251,136 shares in the company, valued at $16,293,703.68. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the sale, the insider directly owned 256,198 shares of the company’s stock, valued at $14,639,153.72. This represents a 14.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 120,020 shares of company stock valued at $7,004,342. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Barclays lifted their price objective on Flex from $60.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Stifel Nicolaus lifted their price target on shares of Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group boosted their price target on shares of Flex from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.75.

Flex Stock Performance

FLEX stock opened at $62.92 on Thursday. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $67.00. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60. The firm has a market cap of $23.27 billion, a PE ratio of 27.84, a P/E/G ratio of 1.63 and a beta of 1.24. The business’s 50-day moving average price is $60.01 and its two-hundred day moving average price is $51.48.

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

Flex 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.