5 Best Electronic Components Stocks to Buy Now

Page 5 of 5

1. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Holders: 64

Singapore-headquartered Flex Ltd. (NASDAQ:FLEX) is one of the biggest electronics manufacturing services companies in the world. Last month Flex Ltd. (NASDAQ:FLEX) said its unit Nextracker has proposed an underwritten offering of 14.2 million shares of Nextracker’s Class A common stock.

In the fiscal fourth quarter Flex Ltd. (NASDAQ:FLEX) EPS came in at $0.57 which beat the Street estimates by $0.06. Revenue in the quarter jumped about 9.2% year over year to $7.48 billion, beating estimates by $300 million. For the first quarter of 2023 Flex Ltd. (NASDAQ:FLEX) expects its revenue to come in the range of $7.0 billion to $7.5 billion.

Insider Monkey’s proprietary database of 943 hedge funds and their holdings shows that 64 hedge funds had stakes in Flex Ltd. (NASDAQ:FLEX) as of the end of the March quarter. The most notable stakeholder of Flex Ltd. (NASDAQ:FLEX) was Andrew Wellington and Jeff Keswin’s Lyrical Asset Management which owns a $237 million stake in the company.

You can also take a peek at 20 Countries with the Best Education and Kim Kardashian Stock Portfolio: 8 Stocks to Consider.

Page 5 of 5