Logan Capital Management Inc. Acquires 396,640 Shares of Flex Ltd. $FLEX

Logan Capital Management Inc. boosted its position in shares of Flex Ltd. (NASDAQ:FLEX) by 592.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 463,622 shares of the technology company’s stock after purchasing an additional 396,640 shares during the quarter. Logan Capital Management Inc.’s holdings in Flex were worth $15,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FLEX. Rise Advisors LLC acquired a new position in shares of Flex in the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in Flex in the 1st quarter valued at $26,000. Olde Wealth Management LLC bought a new stake in Flex in the 1st quarter valued at $26,000. CX Institutional bought a new stake in Flex in the 1st quarter valued at $29,000. Finally, CWM LLC lifted its position in Flex by 73.3% in the 1st quarter. CWM LLC now owns 1,281 shares of the technology company’s stock valued at $42,000 after acquiring an additional 542 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling

In other news, CEO Revathi Advaithi sold 132,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $43.70, for a total value of $5,768,400.00. Following the transaction, the chief executive officer directly owned 1,331,695 shares of the company’s stock, valued at $58,195,071.50. This represents a 9.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the transaction, the director directly owned 111,355 shares in the company, valued at $5,767,075.45. The trade was a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 279,827 shares of company stock valued at $12,550,282. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on FLEX. Barclays boosted their price objective on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Flex in a research report on Friday, July 11th. Bank of America increased their target price on shares of Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. KeyCorp increased their target price on shares of Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.71.

Flex Stock Performance

Shares of FLEX stock opened at $55.84 on Tuesday. The stock has a market cap of $20.96 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.89 and a beta of 1.12. 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 company has a fifty day moving average price of $51.66 and a two-hundred day moving average price of $42.69. Flex Ltd. has a one year low of $25.11 and a one year high of $56.85.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities analysts predict that Flex Ltd. will post 2.33 EPS for the current year.

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.