KLP Kapitalforvaltning AS Increases Stake in Flex Ltd. $FLEX

KLP Kapitalforvaltning AS grew its position in Flex Ltd. (NASDAQ:FLEX) by 66.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,600 shares of the technology company’s stock after acquiring an additional 60,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Flex were worth $9,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FLEX. State Street Corp raised its stake in shares of Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after acquiring an additional 3,377,669 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Flex by 118.1% in 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 acquiring an additional 1,522,308 shares during the period. Pacer Advisors Inc. increased its stake in Flex by 5,973.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,365,043 shares of the technology company’s stock worth $79,132,000 after buying an additional 1,342,569 shares during the period. JPMorgan Chase & Co. increased its stake in Flex by 80.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock worth $153,374,000 after buying an additional 1,183,464 shares during the period. Finally, Junto Capital Management LP purchased a new position in Flex in the 3rd quarter worth about $56,270,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Trading Up 5.2%

NASDAQ FLEX opened at $91.41 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The company 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 company’s 50-day simple moving average is $69.04 and its two-hundred day simple moving average is $64.83. Flex Ltd. has a one year low of $33.35 and a one year high of $91.91.

Flex (NASDAQ:FLEX) 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 net margin of 3.17% and a return on equity of 20.99%. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The company’s quarterly revenue 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. Equities analysts forecast that Flex Ltd. will post 2.93 EPS for the current fiscal year.

Insider Activity

In other news, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. The trade was a 6.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FLEX. JPMorgan Chase & Co. raised their price target on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Barclays raised their price target on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Stifel Nicolaus raised their price target on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and an average price target of $72.30.

Flex Profile

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.