Brandes Investment Partners 13F: Cuts FLEX Stake by $7.3M

Brandes Investment Partners has trimmed its holdings in Flex Ltd. (NasdaqGS: FLEX), cutting 44,789 shares, which represents a 5.6% decrease. The fund now holds 757,115 shares valued at approximately $122.6 million, according to its latest Form 13F filing with the SEC as of the reporting period.

What Changed in Brandes Investment Partners' Flex Ltd. Position

Brandes Investment Partners reduced its position in Flex Ltd., bringing its holdings down from 801,904 shares to 757,115 shares. This move reflects a 5.6% decrease in their stake, valued at about $122.6 million.

Other Institutional Activity in Flex Ltd.

Several other institutional investors have also adjusted their positions in Flex Ltd. BlackRock, Inc. reduced its holdings by 5,109,982 shares, ending with 45,041,901 shares valued at approximately $2.95 billion, marking a 10.2% decrease. Primecap Management Co/CA/ cut its position by 1,318,643 shares to 25,383,448 shares, worth about $1.66 billion, a 4.9% decrease. Janus Henderson Group PLC trimmed its stake by 1,711,705 shares, holding 20,619,740 shares valued at roughly $1.35 billion, a 7.7% decrease. Wellington Management Group LLP, however, increased its holdings by 2,601,854 shares, reaching 20,238,286 shares valued at $1.32 billion, a 14.8% increase. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions with 19,333,535 and 16,497,878 shares, respectively.

Flex Ltd. Stock Up 61.3%

Shares of Flex Ltd. traded near $161.88 on Friday. The company, with a market cap of $59.1 billion, has a P/E ratio of 69.5 and a forward P/E of 23.2. The stock's beta is 1.638, indicating higher volatility compared to the market. Over the past year, the stock has ranged between $47.83 and $166.86. Its 50-day moving average is $127.90, while the 200-day moving average stands at $79.14. Flex Ltd. maintains a current ratio of 1.359 and a quick ratio of 0.677, with a debt-to-equity ratio of 86.8.

Recent Earnings

Flex Ltd. reported revenue of $27.91 billion, reflecting a growth rate of 16.9%. The company's earnings per share (EPS) stand at $2.32, with a net margin of 3.15% and a return on equity (ROE) of 17.35%. The next earnings report is expected on July 22, 2026.

Insider Buying and Selling at Flex Ltd.

On June 18, 2026, several insiders at Flex Ltd. sold shares. EVP and General Counsel David Scott Offer sold 6,657 shares at an average price of $145.23. CEO Revathi Advaithi sold 39,188 shares at $145.18, under a planned sale. COO Kwang Hooi Tan sold 8,981 shares at $145.18, while Chief Accounting Officer Daniel Wendler sold 1,311 shares at $145.20. Chief Commercial Officer Michael Hartung sold 7,269 shares at $145.22. On June 17, COO Kwang Hooi Tan also sold 26,657 shares at $144.48.

Analysts Set New Price Targets

On June 4, 2026, Barclays maintained its buy rating on Flex Ltd. with a price target of $203.00. Freedom Capital Markets initiated coverage with a hold rating and a $144.00 target on May 28, 2026. Goldman Sachs maintained a buy rating with a $177.00 target on May 8, 2026. The analyst consensus remains strong buy, with an average target price of $160.40 based on 10 analyst opinions.

About Flex Ltd.

Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions across various industries including data centers, communications, and automotive. The company operates through three segments: Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure. Headquartered in Austin, Texas, Flex Ltd. is led by CEO Revathi Advaithi and employs nearly 150,000 people globally.

Bottom Line

Brandes Investment Partners' recent reduction in Flex Ltd. shares reflects a strategic adjustment in its portfolio. Investors often monitor such filings to gauge institutional sentiment, though it's important to remember that 13F filings are historical and may not represent current positions. Flex Ltd.'s stock continues to attract attention from analysts, maintaining strong buy ratings and robust price targets.