J.Safra Asset Management Corp Grows Stake in Flex Ltd. $FLEX

J.Safra Asset Management Corp raised its stake in Flex Ltd. (NASDAQ:FLEX) by 22.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,976 shares of the technology company’s stock after acquiring an additional 3,279 shares during the quarter. J.Safra Asset Management Corp’s holdings in Flex were worth $897,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new stake in shares of Flex during the first quarter valued at about $2,882,000. Sowell Financial Services LLC acquired a new stake in shares of Flex during the first quarter valued at about $246,000. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $2,290,000 after acquiring an additional 68,065 shares in the last quarter. Sequoia Financial Advisors LLC grew 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 valued at $3,563,000 after acquiring an additional 7,637 shares in the last quarter. Finally, DAVENPORT & Co LLC grew 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 valued at $229,000 after acquiring an additional 1,200 shares in the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Flex Stock Performance

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

Flex (NASDAQ:FLEX) last released its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. The firm had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior 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. Research analysts predict that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Transactions at Flex

In other 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 owned 111,355 shares in the company, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction 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 sale, the chief accounting officer owned 37,619 shares of the company’s stock, valued at $2,131,492.54. This trade represents a 21.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,020 shares of company stock valued at $4,923,667 over the last three months. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on FLEX shares. Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Barclays lifted their target price on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Bank of America lifted their target price on Flex from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, KGI Securities downgraded Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.