Callan Family Office LLC Invests $827,000 in Flex Ltd. $FLEX

Callan Family Office LLC bought a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,565 shares of the technology company’s stock, valued at approximately $827,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jump Financial LLC purchased a new stake in shares of Flex during the first quarter worth about $2,882,000. Sowell Financial Services LLC purchased a new stake in shares of Flex during the first quarter worth about $246,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Flex by 7,157.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company’s stock worth $2,290,000 after purchasing an additional 68,065 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Flex by 7.6% during the first quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company’s stock worth $3,563,000 after purchasing an additional 7,637 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Flex by 20.9% during the first quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company’s stock worth $229,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Stock Performance

NASDAQ:FLEX opened at $58.83 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.84 and a beta of 1.15. The company’s 50-day moving average is $54.83 and its two-hundred day moving average is $46.53. Flex Ltd. has a 1-year low of $25.11 and a 1-year high of $60.05.

Flex (NASDAQ:FLEX) last posted its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. Flex’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Analysts forecast that Flex Ltd. will post 2.33 EPS for the current year.

Insider Transactions at Flex

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Flex from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. KeyCorp upped their price objective on shares of Flex from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday. The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a research note on Monday, September 29th. KGI Securities cut shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.71.

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.