Creative Planning Has $8.02 Million Stock Position in Flex Ltd. $FLEX

Creative Planning lifted its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 10.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 160,619 shares of the technology company’s stock after purchasing an additional 15,256 shares during the quarter. Creative Planning’s holdings in Flex were worth $8,018,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Concord Wealth Partners acquired a new position in Flex in the 2nd quarter worth about $28,000. CNB Bank bought a new stake in shares of Flex during the second quarter worth about $30,000. Harbour Investments Inc. increased its stake in shares of Flex by 74.7% in the second quarter. Harbour Investments Inc. now owns 704 shares of the technology company’s stock valued at $35,000 after buying an additional 301 shares during the period. Nisa Investment Advisors LLC raised its holdings in Flex by 404.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $35,000 after buying an additional 566 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in Flex during the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Stock Up 1.3%

Shares of Flex stock opened at $58.30 on Thursday. The stock’s 50-day moving average is $60.27 and its 200 day moving average is $52.30. Flex Ltd. has a one year low of $25.11 and a one year high of $67.00. The firm has a market cap of $21.56 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.53 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83.

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

Insider Buying and Selling at Flex

In other Flex news, insider Michael P. Hartung sold 45,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total value of $2,571,300.00. Following the completion of the sale, the insider directly owned 256,198 shares in the company, valued at approximately $14,639,153.72. This trade represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the company’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 owned 37,619 shares in the company, valued at $2,131,492.54. This represents a 21.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 132,500 shares of company stock valued at $7,812,450 over the last 90 days. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FLEX. Argus set a $85.00 price target on shares of Flex in a research note on Friday, October 31st. The Goldman Sachs Group raised their target price on Flex from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research note on Thursday, November 13th. Barclays raised 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. Finally, KeyCorp increased their target price on shares of Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.75.

About Flex

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.