Concord Wealth Partners Makes New $28,000 Investment in Flex Ltd. $FLEX

Concord Wealth Partners bought a new position in Flex Ltd. (NASDAQ:FLEX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 553 shares of the technology company’s stock, valued at approximately $28,000.

Other hedge funds have also recently modified their holdings of the company. Jump Financial LLC purchased a new position in shares of Flex in the first quarter worth $2,882,000. Sowell Financial Services LLC purchased a new position in shares of Flex in the first quarter worth $246,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Flex by 7,157.2% in 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 buying an additional 68,065 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Flex by 7.6% in the first quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company’s stock worth $3,563,000 after buying an additional 7,637 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Flex by 20.9% in the first quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company’s stock worth $229,000 after buying 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 Up 1.3%

FLEX stock opened at $59.60 on Wednesday. The firm has a 50 day moving average of $55.01 and a 200 day moving average of $46.62. The stock has a market capitalization of $22.37 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $60.49.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The business had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FLEX shares. KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Bank of America upped their price target 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. Stifel Nicolaus upped their price target on shares of Flex from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price target 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and a consensus price target of $59.71.

Insider Buying and Selling

In other news, Director Erin Mcsweeney sold 10,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total transaction of $514,700.00. Following the completion of the sale, the director owned 17,012 shares of the company’s stock, valued at $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $56.66, for a total transaction 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. The trade was a 21.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock worth $4,923,667 in the last 90 days. 0.57% of the stock is owned by insiders.

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.