SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 7.5% Passive Stake in Flex Ltd.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 7.5% beneficial ownership stake in Flex Ltd. as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, have filed an Amendment No. 3 to Schedule 13G concerning their beneficial ownership of Common Stock in FLEX LTD.
- As of December 31, 2024, the aggregate amount of Common Stock beneficially owned by FMR LLC and Abigail P. Johnson is 29,184,106.64 shares.
- This ownership represents 7.5% of the class of FLEX LTD's Common Stock.
- FMR LLC holds sole voting power over 28,553,748.09 shares and sole dispositive power over 29,184,106.64 shares.
- Abigail P. Johnson holds sole dispositive power over 29,184,106.64 shares, with no sole or shared voting power.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of FLEX LTD, consistent with a Rule 13d-1(b) filing.
- FMR LLC is classified as a parent holding company or control person, with several subsidiaries identified as beneficial owners, including Fidelity Management & Research Company LLC, which beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing passive beneficial ownership, which is factual and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects.
Positives
- This document is a routine regulatory filing (Schedule 13G) for passive ownership disclosure and does not inherently contain positive operational or financial news for the issuer.
Negatives
- This document is a routine regulatory filing (Schedule 13G) for passive ownership disclosure and does not inherently contain negative operational or financial news for the issuer.
Risks
- This document is a Schedule 13G filing and does not detail specific risks related to FLEX LTD's operations, financial health, or strategic outlook. It solely reports beneficial ownership.
Future Outlook
NA This document is a Schedule 13G filing and does not provide future outlook or guidance for FLEX LTD.
Management Comments
- FMR LLC and Abigail P. Johnson certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
NA This document is a Schedule 13G filing and does not provide industry context for FLEX LTD.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (beneficial ownership snapshot date). |
| 02/11/2025 | Date the Schedule 13G Amendment No. 3 was signed and filed. |
Keywords
FLEX LTD, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Passive Investment
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