Flex (NASDAQ:FLEX) Hits New 12-Month High – What’s Next?

Flex Ltd. (NASDAQ:FLEX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $72.98 and last traded at $73.3820, with a volume of 13071 shares changing hands. The stock had previously closed at $68.21.

Analyst Ratings Changes

Several brokerages have issued reports on FLEX. Raymond James Financial set a $80.00 target price on shares of Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Barclays upped their price target on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. 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, Robert W. Baird assumed coverage on shares of Flex in a research note on Thursday, March 12th. They issued an “outperform” rating and a $70.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.10.

Flex Price Performance

The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $26.83 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 1.50 and a beta of 1.22. The stock’s 50 day moving average price is $64.52 and its two-hundred day moving average price is $62.76.

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

Insider Transactions at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Flex

A number of large investors have recently bought and sold shares of FLEX. USA Financial Formulas bought a new stake in Flex in the fourth quarter worth $28,000. Frazier Financial Advisors LLC bought a new stake in Flex in the fourth quarter worth $28,000. Parkside Financial Bank & Trust boosted its holdings in Flex by 57.0% in 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 in the last quarter. CENTRAL TRUST Co boosted its holdings in Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after purchasing an additional 355 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new stake in Flex in the fourth quarter worth $42,000. 94.30% of the stock is currently owned by institutional investors.

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.