Flex Ltd. $FLEX Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its position in shares of Flex Ltd. (NASDAQ:FLEX) by 37.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,595 shares of the technology company’s stock after purchasing an additional 5,840 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Flex were worth $1,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JSF Financial LLC increased its holdings in shares of Flex by 0.6% during the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after buying an additional 115 shares during the last quarter. Glenview Trust Co lifted its holdings in Flex by 3.4% in the first quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after acquiring an additional 125 shares during the last quarter. Resonant Capital Advisors LLC grew its position in Flex by 2.1% in the first quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock worth $522,000 after acquiring an additional 163 shares during the period. Parkside Financial Bank & Trust increased its stake in Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Flex by 7.9% in the first quarter. Bessemer Group Inc. now owns 2,418 shares of the technology company’s stock valued at $159,000 after purchasing an additional 178 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Price Performance

FLEX opened at $103.02 on Thursday. The stock’s 50-day moving average price is $140.27 and its 200 day moving average price is $99.27. Flex Ltd. has a 12-month low of $47.83 and a 12-month high of $166.86. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 44.21, a PEG ratio of 0.59 and a beta of 1.64. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.90 by $0.10. Flex had a net margin of 3.15% and a return on equity of 22.12%. The business had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. As a group, sell-side analysts expect that Flex Ltd. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLEX has been the topic of several recent analyst reports. Freedom Capital raised Flex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a report on Friday, July 17th. KeyCorp upped their target price on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $165.00 price target on shares of Flex in a research report on Thursday, May 7th. Finally, Barclays boosted their price target on shares of Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and an average target price of $124.70.

Insider Transactions at Flex

In related news, CAO Daniel Wendler sold 1,311 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $145.20, for a total value of $190,357.20. Following the completion of the sale, the chief accounting officer directly owned 37,932 shares of the company’s stock, valued at $5,507,726.40. This represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Revathi Advaithi sold 39,188 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.18, for a total transaction of $5,689,313.84. Following the sale, the chief executive officer owned 584,278 shares of the company’s stock, valued at approximately $84,825,480.04. This represents a 6.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 769,195 shares of company stock valued at $110,116,823 over the last quarter. 0.62% of the stock is owned by corporate insiders.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex reported fiscal Q1 2027 adjusted earnings of $1.00 per share, above the roughly $0.90-$0.93 analyst consensus, while revenue reached $7.93 billion versus expectations near $7.53 billion. Revenue increased 20.6% year over year, and adjusted operating margin reached 6.7%. Flex fiscal Q1 results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $33.7 billion-$35.2 billion, above the $33.3 billion consensus, and set second-quarter revenue guidance of $8.0 billion-$8.3 billion versus expectations of $7.8 billion. Q2 EPS guidance of $1.00-$1.07 also exceeds the $0.98 consensus. Flex earnings beat and guidance
• Positive Sentiment: Growth accelerated in Cloud and Power Infrastructure, supporting the planned separation of that business into an independently traded company, SpinCo, expected in the first calendar quarter of 2027. Flex SpinCo leadership announcement
• Neutral Sentiment: Flex announced leadership teams for both the remaining Flex business and SpinCo, providing additional detail on preparations for the planned separation but no immediate financial impact. Flex Q1 2027 earnings call transcript
• Negative Sentiment: The stock’s decline, on volume well above average, indicates that the strong results and outlook may already have been priced in. With shares trading at a relatively elevated earnings multiple, investors may be taking profits because the full-year EPS guidance range of $4.42-$4.74 only modestly exceeds or surrounds current consensus expectations.

Flex Company 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.