Daniel Wendler Sells 3,819 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) CAO Daniel Wendler sold 3,819 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $142.39, for a total transaction of $543,787.41. Following the transaction, the chief accounting officer owned 33,516 shares in the company, valued at approximately $4,772,343.24. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flex Price Performance

Flex stock opened at $143.80 on Thursday. Flex Ltd. has a 1 year low of $40.15 and a 1 year high of $147.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. The firm has a 50 day moving average price of $80.71 and a 200 day moving average price of $69.28. The company has a market cap of $52.87 billion, a price-to-earnings ratio of 61.72 and a beta of 1.46.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. The company had revenue of $7.48 billion for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. Sell-side analysts predict that Flex Ltd. will post 3.31 earnings per share for the current year.

Institutional Investors Weigh In On Flex

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Flex by 196.1% during the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after buying an additional 25,662,586 shares during the period. State Street Corp boosted its holdings in Flex by 17.8% in the 4th quarter. State Street Corp now owns 14,055,533 shares of the technology company’s stock worth $849,235,000 after acquiring an additional 2,126,440 shares during the period. Geode Capital Management LLC grew its position in Flex by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock valued at $459,829,000 after acquiring an additional 181,266 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Flex by 6.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,631,237 shares of the technology company’s stock valued at $326,443,000 after acquiring an additional 355,061 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Flex during the fourth quarter valued at approximately $319,756,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Recent articles highlight Flex as a beneficiary of the AI buildout, with its CEO publicly emphasizing AI as a key growth driver and reports suggesting a possible AI data center spinoff could unlock additional value for shareholders. Flex CEO bets big on AI Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Positive Sentiment: Analyst sentiment remains constructive, with several firms recently lifting price targets and reiterating bullish ratings after Flex’s stronger-than-expected quarterly results and raised FY2027 outlook.
• Neutral Sentiment: Zacks published a style-scores piece calling Flex a strong growth stock, which reinforces the company’s growth profile but does not appear to be a fresh fundamental catalyst. Here's Why Flex (FLEX) is a Strong Growth Stock
• Negative Sentiment: A series of insider sales from the CEO, COO, EVP, CAO, and a director may weigh on sentiment, although the filings say several of the transactions were for tax-withholding related to equity vesting rather than discretionary selling. Erin Mcsweeney Sells 2,500 Shares of Flex (NASDAQ:FLEX) Stock

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FLEX. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. The Goldman Sachs Group lifted their price objective on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. KeyCorp boosted their target price on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Stifel Nicolaus raised their price target on shares of Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Barclays lifted their price target on shares of Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.80.

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.