Teacher Retirement System of Texas Buys 130,641 Shares of Flex Ltd. $FLEX

Teacher Retirement System of Texas lifted its stake in Flex Ltd. (NASDAQ:FLEX) by 62.3% during the fourth quarter, Holdings Channel reports. The fund owned 340,389 shares of the technology company’s stock after acquiring an additional 130,641 shares during the quarter. Teacher Retirement System of Texas’ holdings in Flex were worth $20,566,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Flex in the 4th quarter worth approximately $260,000. Goldman Sachs Group Inc. increased its position in Flex by 19.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after buying an additional 211,046 shares during the period. Empowered Funds LLC bought a new position in Flex in the 1st quarter worth approximately $397,000. EverSource Wealth Advisors LLC increased its position in Flex by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after buying an additional 1,031 shares during the period. Finally, First Trust Advisors LP increased its position in Flex by 92.4% in the 2nd quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock worth $3,099,000 after buying an additional 29,821 shares during the period. 94.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Flex

In other news, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

FLEX has been the topic of several recent analyst reports. Barclays lifted their price target on Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Robert W. Baird initiated coverage on Flex in a research report on Thursday, March 12th. They issued an “outperform” rating and a $70.00 price target on the stock. Raymond James Financial set a $80.00 price target on Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus lifted their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.30.

Flex Price Performance

Shares of NASDAQ:FLEX opened at $91.41 on Friday. Flex Ltd. has a 1-year low of $33.35 and a 1-year high of $91.91. The firm has a market capitalization of $33.61 billion, a PE ratio of 40.99, a PEG ratio of 1.87 and a beta of 1.22. The business’s 50 day moving average is $69.04 and its 200-day moving average is $64.83. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the firm earned $0.77 EPS. Flex’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. Sell-side analysts predict that Flex Ltd. will post 2.93 earnings per share for the current year.

About Flex

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.