Insider Selling: Flex (NASDAQ:FLEX) COO Sells 17,500 Shares of Stock

Flex Ltd. (NASDAQ:FLEX) COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the sale, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Flex Trading Down 0.7%

Shares of Flex stock traded down $0.42 on Tuesday, reaching $60.91. 2,883,021 shares of the company were exchanged, compared to its average volume of 3,494,519. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $22.39 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The stock has a fifty day moving average price of $63.61 and a 200-day moving average price of $61.37.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, analysts expect that Flex Ltd. will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLEX. USA Financial Formulas bought a new stake in Flex during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust raised its holdings in Flex by 57.0% in the 4th 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 period. Frazier Financial Advisors LLC acquired a new position in Flex during the 4th quarter worth $28,000. CENTRAL TRUST Co boosted its holdings in Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after acquiring an additional 355 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in shares of Flex in the second quarter valued at about $26,000. 94.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating and set a $23.00 target price on shares of Flex in a research note on Wednesday, November 12th. The Goldman Sachs Group upped their price target on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.78.

About Flex

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.