Flex (NASDAQ:FLEX) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Flex from “hold” to “buy.” The broader analyst consensus is “Moderate Buy,” with an average price target of $114.20.
• Flex opened at $114.68 and reported quarterly EPS of $1.00 on $7.93 billion in revenue. The stock has traded between $53.07 and $166.86 over the past year, with a market capitalization of approximately $42.36 billion.
• Institutional investors own 94.30% of Flex, while insider ownership is 0.62%. An insider recently sold shares to cover tax obligations tied to vested equity awards.

Flex (NASDAQ:FLEX - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts have also recently commented on FLEX. Barclays lowered their target price on Flex from $203.00 to $144.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Raymond James Financial set a $170.00 price target on Flex and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Robert W. Baird set a $142.00 price target on Flex in a report on Thursday, July 30th. Weiss Ratings cut shares of Flex from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 17th. Finally, Freedom Capital upgraded shares of Flex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.20.

Flex Price Performance

Shares of FLEX opened at $114.68 on Friday. Flex has a 12 month low of $53.07 and a 12 month high of $166.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.38 and a quick ratio of 0.89. The stock has a fifty day moving average price of $115.01 and a 200 day moving average price of $113.74. The company has a market cap of $42.36 billion, a P/E ratio of 44.28, a PEG ratio of 0.57 and a beta of 1.67.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. The company had revenue of $7.93 billion during the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. On average, research analysts forecast that Flex will post 4.27 earnings per share for the current year.

Insider Buying and Selling

In other Flex news, insider Michael P. Hartung sold 2,755 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total value of $332,363.20. Following the sale, the insider directly owned 243,175 shares in the company, valued at approximately $29,336,632. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.62% of the company's stock.

Hedge Funds Weigh In On Flex

Several hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. raised its position in Flex by 6.6% during the second quarter. QRG Capital Management Inc. now owns 32,773 shares of the technology company's stock valued at $5,311,000 after acquiring an additional 2,042 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Flex by 8.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,743 shares of the technology company's stock worth $931,000 after acquiring an additional 443 shares in the last quarter. Andra AP fonden increased its stake in shares of Flex by 41.9% during the 2nd quarter. Andra AP fonden now owns 38,624 shares of the technology company's stock worth $6,260,000 after purchasing an additional 11,400 shares during the last quarter. Security National Bank of SO Dak acquired a new position in shares of Flex during the 2nd quarter worth $89,000. Finally, Revere Asset Management Inc bought a new position in shares of Flex during the 2nd quarter valued at $6,874,000. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex announced that the new independent company will be named Axiom Solutions International and submitted a preliminary Form 10 registration statement to the SEC. The separation is targeted for the first quarter of 2027, providing investors with a clearer timeline and potential value-unlocking catalyst. Why Flex (FLEX) Stock Is Up Today
• Positive Sentiment: The planned spin-off is increasing investor focus on Flex’s exposure to artificial-intelligence data centers, cloud infrastructure and power systems. The planned EPC Power acquisition could further support the growth outlook for the assets being separated.
• Positive Sentiment: Sell-side analysts collectively rate Flex a “Moderate Buy,” while recent price targets include several targets above the current trading range. A Zacks analysis also characterized Flex as a strong value stock. Flex Stock Rated Moderate Buy
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 668 investors added shares while 451 reduced positions. Several large institutions made substantial changes, limiting the signal from the overall count.
• Neutral Sentiment: The reported September short-interest figure was zero shares, which may reflect incomplete or anomalous data rather than a meaningful change in investor positioning.
• Negative Sentiment: Insider activity remains a potential overhang. Company insiders reportedly made 138 open-market sales and no purchases during the past six months, including significant sales by the CEO and other senior executives.

About Flex

Flex Ltd. NASDAQ: FLEX is a global manufacturing and supply-chain solutions company that helps original equipment manufacturers design, build and manage products. Its services span product design and engineering, prototyping, manufacturing, assembly, testing, logistics, supply-chain management and aftermarket support.

The company supports customers across industries including automotive, communications, consumer, industrial, healthcare and life sciences, and cloud and data-center infrastructure.

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