Hel Ved Capital Management Ltd Sells 26,480 Shares of Flex Ltd. $FLEX

Hel Ved Capital Management Ltd reduced its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 36.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,550 shares of the technology company’s stock after selling 26,480 shares during the period. Hel Ved Capital Management Ltd’s holdings in Flex were worth $2,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MTM Investment Management LLC purchased a new position in shares of Flex during the second quarter valued at approximately $26,000. CENTRAL TRUST Co grew its stake in shares of Flex by 238.3% in the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after buying an additional 355 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Flex by 404.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $35,000 after buying an additional 566 shares in the last quarter. Rexford Capital Inc. purchased a new position in Flex during the second quarter valued at $57,000. Finally, Root Financial Partners LLC bought a new stake in Flex in the third quarter worth $57,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Insider Activity

In other Flex news, CAO Daniel Wendler sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the sale, the chief accounting officer directly owned 27,619 shares in the company, valued at $1,987,739.43. The trade was a 26.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the transaction, the chief financial officer directly owned 143,803 shares in the company, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.

Flex Trading Down 5.7%

Shares of FLEX stock opened at $59.91 on Friday. 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 Ltd. has a 12-month low of $25.11 and a 12-month high of $72.22. The stock has a market capitalization of $22.03 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.55 and a beta of 1.24. The firm’s 50 day moving average is $63.65 and its 200 day moving average is $61.06.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Research analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FLEX. 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. Zacks Research cut shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen upgraded shares of Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. The Goldman Sachs Group increased their target price on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.78.

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.