Flex Ltd. $FLEX Shares Bought by Diversified Trust Co

Diversified Trust Co grew its position in Flex Ltd. (NASDAQ:FLEX) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,518 shares of the technology company’s stock after acquiring an additional 367 shares during the quarter. Diversified Trust Co’s holdings in Flex were worth $375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FLEX. Rise Advisors LLC purchased a new position in Flex during the first quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in Flex during the first quarter worth approximately $26,000. Olde Wealth Management LLC purchased a new position in Flex during the first quarter worth approximately $26,000. CX Institutional purchased a new position in Flex during the first quarter worth approximately $29,000. Finally, Webster Bank N. A. lifted its position in Flex by 134.4% during the second quarter. Webster Bank N. A. now owns 968 shares of the technology company’s stock worth $48,000 after buying an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Insider Buying and Selling

In other Flex news, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total value of $514,700.00. Following the transaction, the director directly owned 17,012 shares in the company, valued at $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the completion of the transaction, the insider owned 256,198 shares in the company, valued at $14,639,153.72. This represents a 14.94% decrease in their ownership of the stock. 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 currently owned by insiders.

Flex Price Performance

FLEX stock opened at $59.33 on Wednesday. The business has a 50 day moving average price of $53.08 and a 200 day moving average price of $44.24. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.01 and a beta of 1.13. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $59.76.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The firm’s revenue was up 4.1% on a year-over-year basis. 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. Equities research analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FLEX. The Goldman Sachs Group reiterated a “buy” rating on shares of Flex in a research report on Friday, July 11th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Barclays raised their target price on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Bank of America raised their target price on Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.71.

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.