Key Points
- Insider sale: Director Michael Hurlston sold 10,000 shares on November 20 at an average price of $56.17 for proceeds of $561,700, reducing his stake by 12.73% to 68,561 shares, as disclosed in an SEC filing.
- Quarterly results and guidance: Flex beat expectations with Q earnings of $0.79 EPS (vs. $0.75 est.) and $6.80B revenue (up 4% YoY), and set FY2026 guidance of $3.090–$3.170 EPS with Q3 guidance of $0.740–$0.800.
- Analyst view and stock metrics: The stock trades near the top of its 52-week range and is up ~3%, with a consensus rating of “Moderate Buy” and a $65.75 average price target after multiple firms raised their targets.
Flex Ltd. (NASDAQ:FLEX - Get Free Report) Director Michael Hurlston sold 10,000 shares of the business's stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $56.17, for a total transaction of $561,700.00. Following the transaction, the director directly owned 68,561 shares of the company's stock, valued at approximately $3,851,071.37. This trade represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Flex Stock Up 3.0%
FLEX stock opened at $56.95 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60. Flex Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $67.00. The firm's 50-day simple moving average is $60.15 and its 200 day simple moving average is $52.79. The stock has a market cap of $21.06 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24.
Flex (NASDAQ:FLEX - Get Free Report) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.04. Flex had a net margin of 3.33% and a return on equity of 20.86%. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.70 billion. During the same period in the previous year, the business posted $0.64 EPS. Flex's revenue was up 4.0% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. As a group, sell-side analysts predict that Flex Ltd. will post 2.33 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. KeyCorp increased their price objective on Flex from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. Argus set a $85.00 price target on Flex in a research report on Friday, October 31st. The Goldman Sachs Group increased their price target on Flex from $66.00 to $73.00 and gave the stock a "buy" rating in a research note on Thursday, October 30th. Weiss Ratings restated a "buy (b)" rating on shares of Flex in a research note on Wednesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Flex from $60.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Flex currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.75.
Read Our Latest Stock Report on FLEX
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FLEX. Jump Financial LLC acquired a new stake in Flex in the 1st quarter valued at about $2,882,000. Benjamin Edwards Inc. bought a new stake in shares of Flex in the 1st quarter worth approximately $258,000. American Century Companies Inc. lifted its stake in Flex by 42.2% during the first quarter. American Century Companies Inc. now owns 986,492 shares of the technology company's stock valued at $32,633,000 after purchasing an additional 292,646 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Flex by 209.0% in the first quarter. Foundations Investment Advisors LLC now owns 18,734 shares of the technology company's stock worth $620,000 after buying an additional 12,672 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in Flex by 16.7% in the first quarter. Voya Investment Management LLC now owns 4,813,888 shares of the technology company's stock worth $159,243,000 after buying an additional 690,611 shares during the last quarter. Institutional investors own 94.30% of the company's stock.
About Flex
(
Get Free Report)
Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.
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