Flex (NASDAQ:FLEX) Director Sells $341,475.00 in Stock

Flex Ltd. (NASDAQ:FLEX) Director Erin Mcsweeney sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $136.59, for a total value of $341,475.00. Following the completion of the transaction, the director directly owned 14,512 shares in the company, valued at $1,982,194.08. This represents a 14.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Flex Trading Down 3.7%

NASDAQ FLEX traded down $5.38 on Tuesday, hitting $139.69. 8,013,787 shares of the company were exchanged, compared to its average volume of 5,686,091. The company’s 50 day moving average price is $79.15 and its 200-day moving average price is $68.72. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. The firm has a market capitalization of $51.36 billion, a P/E ratio of 59.95 and a beta of 1.46. Flex Ltd. has a twelve month low of $40.15 and a twelve month high of $145.40.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. Analysts predict that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on FLEX. Robert W. Baird set a $165.00 price objective on Flex in a report on Thursday, May 7th. KeyCorp upped their target price on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Stifel Nicolaus upped their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $112.80.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO is publicly leaning into AI as a major growth driver, signaling that the company sees meaningful demand ahead from AI infrastructure and related hardware spending. Flex CEO bets big on AI
• Positive Sentiment: Reports that Flex may spin off its AI data center business suggest management could unlock value by separating a fast-growing segment from the rest of the company. Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Neutral Sentiment: Short-interest data from mid-May appears unreliable or incomplete, so it does not provide a clear new signal for the stock.
• Neutral Sentiment: Broader commentary from other AI leaders and investors reinforces the strength of the AI theme, but it is indirect and not specific to Flex’s fundamentals. AMD CEO Lisa Su Says CPUs Will Match GPUs 1-to-1 in AI’s Next Phase

Institutional Investors Weigh In On Flex

Several large investors have recently made changes to their positions in the company. JSF Financial LLC grew its stake in shares of Flex by 0.6% in the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock valued at $1,342,000 after buying an additional 115 shares in the last quarter. Glenview Trust Co grew its stake in shares of Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after buying an additional 125 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Flex by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock valued at $522,000 after buying an additional 163 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares during the period. Finally, Bessemer Group Inc. boosted its position in Flex by 7.9% during the first quarter. Bessemer Group Inc. now owns 2,418 shares of the technology company’s stock worth $159,000 after purchasing an additional 178 shares during the period. Institutional investors own 94.30% of the company’s stock.

Flex Company Profile

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.