Flex (NASDAQ:FLEX) EVP Sells $3,162,988.80 in Stock

Flex Ltd. (NASDAQ:FLEX) EVP David Scott Offer sold 22,212 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $142.40, for a total transaction of $3,162,988.80. Following the sale, the executive vice president directly owned 74,926 shares of the company’s stock, valued at $10,669,462.40. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flex Stock Down 3.7%

Shares of FLEX stock traded down $5.38 on Tuesday, hitting $139.69. The stock had a trading volume of 8,013,787 shares, compared to its average volume of 5,686,091. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $79.15 and a 200 day moving average price of $68.72. The company has a market cap of $51.36 billion, a PE ratio of 59.95 and a beta of 1.46. Flex Ltd. has a one year low of $40.15 and a one year high of $145.40.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $7.48 billion during 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 firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. Research analysts anticipate that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Flex News Roundup

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Stifel Nicolaus upped their price objective on shares of Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. The Goldman Sachs Group upped their price objective on shares of Flex from $84.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, May 7th. KeyCorp upped their price objective on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Barclays upped their price objective on shares of Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.80.

Institutional Investors Weigh In On Flex

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Flex by 196.1% in 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 purchasing an additional 25,662,586 shares in the last quarter. State Street Corp lifted 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 valued at $849,235,000 after purchasing an additional 2,126,440 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Flex by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock valued at $459,829,000 after purchasing an additional 181,266 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Flex by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,631,237 shares of the technology company’s stock valued at $326,443,000 after purchasing an additional 355,061 shares in the last quarter. Finally, Norges Bank purchased a new position in Flex in the 4th quarter valued at $319,756,000. Hedge funds and other 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.