Key Points
- CFO Kevin Krumm sold 21,406 shares on January 7 at an average price of $61.23 for a total of $1,310,689.38, leaving him with 143,803 shares (a 12.96% reduction in his position).
- Flex trades with a market cap of approximately $22.74 billion, a 12‑month range of $25.11–$72.22, and a consensus analyst rating of "Moderate Buy" with a $65.88 price target, while several brokers have recently raised their targets (e.g., Barclays to $78, KeyCorp to $75).
- Institutional investors own about 94.30% of the stock, with recent notable increases from firms like Goldman Sachs (added ~211,046 shares) and UBS Asset Management (added ~453,455 shares), signalling continued institutional accumulation.
Flex Ltd. (NASDAQ:FLEX - Get Free Report) CFO Kevin Krumm sold 21,406 shares of the business's stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total value of $1,310,689.38. Following the transaction, the chief financial officer owned 143,803 shares of the company's stock, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Flex Stock Performance
FLEX stock opened at $61.50 on Friday. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.60 and a beta of 1.24. Flex Ltd. has a twelve month low of $25.11 and a twelve month high of $72.22. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60. The business's fifty day simple moving average is $62.01 and its two-hundred day simple moving average is $57.35.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC purchased a new position in Flex in the fourth quarter valued at about $260,000. Goldman Sachs Group Inc. increased its stake in Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company's stock valued at $42,314,000 after purchasing an additional 211,046 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Flex in the first quarter worth $397,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Flex by 16.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,135,247 shares of the technology company's stock worth $103,714,000 after buying an additional 453,455 shares during the period. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Flex during the first quarter valued at $66,000. 94.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently commented on FLEX. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Flex in a research report on Monday, December 29th. KeyCorp raised 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. Barclays lifted their target price on Flex from $60.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. Wall Street Zen downgraded Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 9th. Finally, Bank of America lifted their price objective on Flex from $58.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.88.
Get Our Latest Report on FLEX
Flex Company Profile
(
Get Free Report)
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.
Further Reading
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