Key Points
- Kwang Hooi Tan, Flex's COO, sold 17,500 shares on March 9 at an average price of $58.87, generating about $1.03M and reducing his holdings by 6.97% to 233,636 shares; the sale was disclosed in an SEC filing.
- Flex beat Q results with $0.87 EPS (vs. $0.79 est.) and revenue of $7.06B (vs. $6.84B), and set FY 2026 guidance of 3.210–3.270 EPS and Q4 guidance of 0.830–0.890 EPS.
- Analyst sentiment is broadly positive, with eight Buys and three Holds giving an average rating of "Moderate Buy" and an average price target of $66.78.
Flex Ltd. (NASDAQ:FLEX - Get Free Report) COO Kwang Hooi Tan sold 17,500 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Flex Stock Performance
Shares of Flex stock opened at $60.91 on Wednesday. Flex Ltd. has a one year low of $25.11 and a one year high of $72.22. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The business's 50 day moving average price is $63.61 and its 200 day moving average price is $61.37.
Flex (NASDAQ:FLEX - Get Free Report) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $6.84 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, research analysts predict that Flex Ltd. will post 2.33 EPS for the current year.
Wall Street Analyst Weigh In
FLEX has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Flex from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. Jefferies Financial Group restated a "hold" rating and set a $23.00 price target on shares of Flex in a report on Wednesday, November 12th. The Goldman Sachs Group upped their price objective on Flex from $67.00 to $74.00 and gave the company a "buy" rating in a report on Tuesday, December 9th. Raymond James Financial set a $80.00 target price on Flex and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Flex in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Flex currently has an average rating of "Moderate Buy" and an average price target of $66.78.
Check Out Our Latest Stock Analysis on FLEX
Institutional Trading of Flex
Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of Flex during the fourth quarter worth $260,000. Goldman Sachs Group Inc. lifted 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 worth $42,314,000 after acquiring an additional 211,046 shares in the last quarter. Empowered Funds LLC purchased a new position in Flex during the 1st quarter valued at about $397,000. Savant Capital LLC grew its position in Flex by 85.2% in the 2nd quarter. Savant Capital LLC now owns 24,813 shares of the technology company's stock valued at $1,239,000 after acquiring an additional 11,412 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Flex by 41.9% during the second quarter. First Eagle Investment Management LLC now owns 23,705 shares of the technology company's stock worth $1,183,000 after purchasing an additional 7,001 shares during the period. Institutional investors and hedge funds own 94.30% of the company's stock.
About Flex
(
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.
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