Flex (NASDAQ:FLEX) Insider Michael Hartung Sells 22,216 Shares of Stock

Flex Ltd. (NASDAQ:FLEX) insider Michael Hartung sold 22,216 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $142.38, for a total value of $3,163,114.08. Following the transaction, the insider directly owned 232,706 shares in the company, valued at $33,132,680.28. This trade represents a 8.71% decrease in their ownership of the stock. The transaction 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 Trading Down 3.7%

NASDAQ FLEX opened at $139.69 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. Flex Ltd. has a twelve month low of $40.15 and a twelve month high of $145.40. The firm has a market capitalization of $51.36 billion, a PE ratio of 59.95 and a beta of 1.46. The stock’s 50 day moving average is $79.15 and its 200 day moving average is $68.72.

Flex (NASDAQ:FLEX) last released its quarterly earnings results 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. Flex had a return on equity of 22.12% and a net margin of 3.15%.The company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. 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 forecast that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLEX has been the topic of several research reports. The Goldman Sachs Group lifted their price target on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays lifted their price target on Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Stifel Nicolaus lifted their price target on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Robert W. Baird set a $165.00 target price on Flex in a report on Thursday, May 7th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and an average target price of $112.80.

Trending Headlines about Flex

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 hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Flex by 196.1% in the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after acquiring an additional 25,662,586 shares in the last quarter. State Street Corp boosted its stake in Flex by 17.8% during 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 during the last quarter. Geode Capital Management LLC boosted its stake in Flex by 2.4% during 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 during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Flex by 6.7% during 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 during the last quarter. Finally, Norges Bank purchased a new stake in Flex during the 4th quarter valued at $319,756,000. 94.30% of the stock is owned by institutional investors.

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.