Flex Ltd. $FLEX Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Flex Ltd. (NASDAQ:FLEX – Free Report) by 17.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 194,850 shares of the technology company’s stock after selling 41,822 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Flex were worth $11,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Flex by 1.7% during the third quarter. Vanguard Group Inc. now owns 13,083,744 shares of the technology company’s stock valued at $758,465,000 after buying an additional 221,819 shares in the last quarter. State Street Corp raised its stake in Flex by 38.0% during the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after buying an additional 3,377,669 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Flex by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,631,237 shares of the technology company’s stock valued at $326,443,000 after buying an additional 355,061 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Flex by 118.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company’s stock valued at $162,968,000 after purchasing an additional 1,522,308 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Flex by 80.9% during the third quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock valued at $153,374,000 after purchasing an additional 1,183,464 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares in the company, valued at $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FLEX shares. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Stifel Nicolaus upped their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Robert W. Baird started coverage on Flex in a report on Thursday, March 12th. They set an “outperform” rating and a $70.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.30.

Check Out Our Latest Report on Flex

Flex Stock Performance

Shares of FLEX stock opened at $91.41 on Friday. Flex Ltd. has a 12-month low of $33.35 and a 12-month high of $91.91. The firm has a market capitalization of $33.61 billion, a price-to-earnings ratio of 40.99, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22. The business has a 50 day simple moving average of $69.04 and a 200 day simple moving average of $64.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX – Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts anticipate that Flex Ltd. will post 2.93 EPS for the current year.

About Flex

(Free Report)

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.

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