Key Points
- Flex insider Michael Hartung sold 2,755 shares for $332,363 at an average price of $120.64 to cover tax withholding on vested equity awards. He retained 243,175 shares, making the transaction relatively small and less indicative of bearish sentiment.
- Flex reported quarterly earnings of $1.00 per share on $7.93 billion in revenue, while analysts expect $4.27 in full-year EPS. The stock opened at $110.32 and has a market capitalization of approximately $40.75 billion.
- Analysts maintain a generally positive view, with a “Moderate Buy” consensus, although several firms recently cut price targets. Investors are also assessing Flex’s AI-infrastructure growth strategy alongside execution risks from its planned cloud and power-infrastructure spin-off and leadership transition.
Flex Ltd. (NASDAQ:FLEX - Get Free Report) insider Michael Hartung sold 2,755 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the sale, the insider directly owned 243,175 shares in the company, valued at $29,336,632. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flex Stock Performance
Shares of FLEX opened at $110.32 on Friday. The firm has a fifty day moving average of $131.78 and a 200-day moving average of $105.57. The company has a market cap of $40.75 billion, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 1.38. Flex Ltd. has a 1 year low of $48.98 and a 1 year high of $166.86.
Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 earnings per share for the quarter. The business had revenue of $7.93 billion for the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. As a group, equities analysts anticipate that Flex Ltd. will post 4.27 earnings per share for the current year.
Institutional Investors Weigh In On Flex
Several hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC lifted its position in shares of Flex by 7.1% in the second quarter. Proficio Capital Partners LLC now owns 3,371 shares of the technology company's stock worth $546,000 after purchasing an additional 224 shares in the last quarter. Renasant Bank bought a new stake in Flex in the second quarter worth $289,000. NS Partners Ltd bought a new stake in shares of Flex during the 2nd quarter worth about $13,498,000. JNBA Financial Advisors grew its holdings in Flex by 21,752.9% during the second quarter. JNBA Financial Advisors now owns 7,430 shares of the technology company's stock valued at $1,204,000 after purchasing an additional 7,396 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new position in Flex in the 2nd quarter worth $209,000. 94.30% of the stock is owned by hedge funds and other institutional investors.
Key Flex News
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Flex is expanding its AI-infrastructure strategy through investments in power and cooling capabilities. The integrated platform could benefit from continued data-center and AI spending, supporting longer-term growth. Is Flex's Integrated AI Infrastructure Model a Major Competitive Edge?
- Positive Sentiment: Recent analyst commentary continues to frame Flex and Celestica as beneficiaries of AI-infrastructure demand. However, the comparison also highlights that investors are weighing Flex’s growth prospects against its valuation. Flex vs. Celestica: Which AI Infrastructure Stock is the Better Buy?
- Neutral Sentiment: Insider Michael P. Hartung sold 2,755 shares worth approximately $332,000 to cover tax withholding tied to vested equity awards. The relatively small, tax-related transaction leaves him with about 243,175 shares, reducing its bearish significance. SEC Form 4 Filing
- Negative Sentiment: Investors appear focused on whether Flex’s fiscal 2027 revenue and adjusted EPS guidance provides enough upside after the stock’s substantial rally. Despite a quarterly earnings and revenue beat, the outlook may not have exceeded elevated expectations.
- Negative Sentiment: Uncertainty surrounding the planned spin-off of Flex’s cloud and power-infrastructure business and the related CEO transition is adding execution risk. Revathi Advaithi is expected to lead the new company, while Michael Hartung is slated to become CEO of the remaining Flex business. Flex slides as investors weigh post-earnings guidance and spin-off transition
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on FLEX shares. The Goldman Sachs Group decreased their price objective on Flex from $177.00 to $154.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Barclays decreased their price target on Flex from $203.00 to $144.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Freedom Capital upgraded shares of Flex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. KeyCorp raised their price objective on shares of Flex from $75.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. Finally, Raymond James Financial set a $170.00 price target on shares of Flex and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.20.
Check Out Our Latest Report on Flex
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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