Key Points
- Flex EVP David Scott Offer sold 22,212 shares on May 11 at an average price of $142.40, totaling about $3.16 million. The sale reduced his direct ownership by 22.87% and was made to cover tax withholding tied to vested equity awards.
- Flex reported strong quarterly results, with EPS of $0.93 topping estimates of $0.87 and revenue of $7.48 billion beating expectations. Revenue rose 17.2% year over year, and the company raised guidance for FY 2027 and Q1 2027.
- Analyst sentiment remains constructive, with several firms raising price targets after the earnings report. MarketBeat data shows nine Buy ratings and three Hold ratings, with an average price target of $112.80.
Flex Ltd. (NASDAQ:FLEX - Get Free Report) Director Erin Mcsweeney sold 2,500 shares of the company's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $136.59, for a total value of $341,475.00. Following the completion of the transaction, the director directly owned 14,512 shares of the company's stock, valued at $1,982,194.08. The trade was a 14.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Flex Stock Performance
NASDAQ FLEX opened at $139.69 on Wednesday. The stock has a market capitalization of $51.36 billion, a price-to-earnings ratio of 59.95 and a beta of 1.46. Flex Ltd. has a twelve month low of $40.15 and a twelve month high of $145.40. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $79.15 and a 200 day moving average of $68.72.
Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.06. The company had revenue of $7.48 billion during the quarter, compared to analysts' expectations of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.Flex's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. Sell-side analysts anticipate that Flex Ltd. will post 3.31 EPS for the current fiscal year.
Key Flex News
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
Analyst Ratings Changes
FLEX has been the subject of a number of analyst reports. KeyCorp upped their price target on Flex from $75.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Robert W. Baird set a $165.00 price target on Flex in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on Flex from $75.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. Raymond James Financial set a $80.00 price objective on Flex and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Finally, Barclays raised their target price on Flex from $72.00 to $174.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.80.
Read Our Latest Analysis on FLEX
Institutional Trading of Flex
Large investors have recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in shares of Flex during the fourth quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Flex during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust increased its position in shares of Flex by 57.0% during 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 increased its position in shares of Flex by 238.3% during 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. purchased a new stake in shares of Flex during the fourth quarter worth approximately $42,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
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.
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