William Blair Investment Management LLC Reduces Stake in Flex Ltd. $FLEX

William Blair Investment Management LLC lowered its stake in Flex Ltd. (NASDAQ:FLEX) by 17.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,460 shares of the technology company’s stock after selling 2,207 shares during the period. William Blair Investment Management LLC’s holdings in Flex were worth $522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLEX. Invesco Ltd. grew its position in Flex by 55.0% in the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock worth $276,652,000 after acquiring an additional 2,968,285 shares in the last quarter. Pacer Advisors Inc. grew its position in Flex by 3,794.6% in the first quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock worth $95,936,000 after acquiring an additional 2,825,667 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Flex by 73.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,777,753 shares of the technology company’s stock worth $91,888,000 after acquiring an additional 1,177,970 shares in the last quarter. Wellington Management Group LLP grew its position in Flex by 4.8% in the first quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock worth $719,232,000 after acquiring an additional 996,276 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in Flex by 16.7% in the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company’s stock worth $159,243,000 after acquiring an additional 690,611 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FLEX. The Goldman Sachs Group set a $66.00 price target on Flex in a research report on Monday, September 29th. Barclays raised their price objective on shares of Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Bank of America raised their price objective on shares of Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Flex in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.71.

Flex Stock Performance

Flex stock opened at $62.75 on Tuesday. The company has a 50 day moving average price of $56.04 and a 200-day moving average price of $47.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $64.29. The company has a market capitalization of $23.55 billion, a PE ratio of 27.52, a P/E/G ratio of 2.02 and a beta of 1.15.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share 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 firm had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. 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 forecast that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Activity

In other news, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the sale, the chief operating officer owned 263,636 shares of the company’s stock, valued at approximately $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erin Mcsweeney sold 10,000 shares of Flex stock in a transaction that occurred 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 transaction, the director directly owned 17,012 shares in the company, valued at approximately $875,607.64. The trade was a 37.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,020 shares of company stock valued at $4,923,667. Insiders own 0.57% of the company’s stock.

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.