FLEX Flex Ltd

Flex Ltd. (NASDAQ:FLEX) experienced a significant 37.1% increase in short interest as of December 15th, bringing the total to 8,469,131 shares, representing 2.3% of shares outstanding. Despite this, analysts maintain a "Moderate Buy" consensus with a target price of $65.88, following several upgrades. Over the last quarter, company insiders sold approximately 107,500 shares valued at $6.59 million.

Pacer Advisors Inc. significantly increased its stake in Flex Ltd. (NASDAQ:FLEX) during the third quarter, acquiring an additional 1,342,569 shares, bringing its total holdings to 1,365,043 shares valued at approximately $79.13 million. This represents a substantial 5,973.9% increase in their position. Concurrently, company insiders sold 107,500 shares totaling $6.59 million, reducing insider ownership to about 0.57%.

This article provides an AI-driven analysis of Flex Ltd. (NASDAQ: FLEX), indicating a near-term neutral sentiment amidst mid and long-term strength. It highlights a significant 42.4:1 risk-reward setup targeting a 12.1% gain with minimal risk. The report also outlines specific institutional trading strategies like Position, Momentum Breakout, and Risk Hedging strategies, along with multi-timeframe signal analysis.

Manchester Financial Inc. has invested $1.88 million in Flex Ltd. ($FLEX) by purchasing 32,395 shares during Q3. Despite high institutional ownership (94.30%), insiders have recently sold 107,500 shares worth $6.59 million, now holding only 0.57% of the company. Analysts maintain a "Moderate Buy" rating with a consensus target price of $65.88, while some firms have raised their price objectives.

Flex Ltd. is increasingly focusing on the data center market, aiming for US$6.50 billion in revenue with a 35% annual growth rate, leveraging its manufacturing and automation capabilities. This pivot is reshaping its investment narrative, though risks like customer concentration and hyperscaler insourcing remain. Analysts view Flex as a bargain stock with momentum, driven by favorable earnings revisions and the promising data center segment.

Voya Investment Management LLC has reduced its stake in Flex Ltd. (NASDAQ:FLEX) by 4.0% in the third quarter, selling 252,721 shares but still retaining over 6 million shares valued at $351.4 million. Despite this reduction, other institutional investors have increased their holdings, and analysts maintain a "Moderate Buy" rating for Flex with an average price target of $65.88. Company insiders have also recently sold shares totaling approximately $6.59 million.