Flex Ltd. $FLEX Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC cut its position in shares of Flex Ltd. (NASDAQ:FLEX) by 37.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 39,866 shares of the technology company’s stock after selling 24,100 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Flex were worth $1,990,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BayBridge Capital Group LLC increased its position in shares of Flex by 2.1% during the 2nd quarter. BayBridge Capital Group LLC now owns 11,400 shares of the technology company’s stock valued at $569,000 after purchasing an additional 235 shares during the period. Pinnacle Bancorp Inc. increased its position in shares of Flex by 39.4% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company’s stock valued at $43,000 after purchasing an additional 244 shares during the period. Farther Finance Advisors LLC increased its position in shares of Flex by 1.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,206 shares of the technology company’s stock valued at $759,000 after purchasing an additional 266 shares during the period. Uncommon Cents Investing LLC increased its position in shares of Flex by 4.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 6,850 shares of the technology company’s stock valued at $342,000 after purchasing an additional 270 shares during the period. Finally, Dynasty Wealth Management LLC boosted its stake in shares of Flex by 0.7% during the 1st quarter. Dynasty Wealth Management LLC now owns 37,233 shares of the technology company’s stock worth $1,232,000 after acquiring an additional 276 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Stock Performance

Shares of Flex stock opened at $56.59 on Friday. The stock has a market cap of $21.24 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The business has a fifty day simple moving average of $54.67 and a 200-day simple moving average of $46.20. 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 12 month low of $25.11 and a 12 month high of $60.05.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.63 by $0.09. The business had revenue of $6.58 billion during 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 revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, sell-side analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling at Flex

In related news, Director William D. Watkins sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director directly owned 111,355 shares in the company, valued at approximately $5,767,075.45. This trade represents a 8.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the 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 owned 37,619 shares of the company’s stock, valued at approximately $2,131,492.54. This represents a 21.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,020 shares of company stock valued at $4,923,667 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. KeyCorp raised their price objective on Flex from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays raised their price objective on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Flex in a research note on Wednesday. The Goldman Sachs Group set a $66.00 price objective on Flex in a research note on Monday, September 29th. Finally, Stifel Nicolaus raised their price objective on Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.71.

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.