Flex Ltd. (NASDAQ:FLEX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Flex Ltd. has received an average rating of "Moderate Buy" from nine research firms, with a 12-month target price of $58.29 for the stock.
• Insider trading shows COO Kwang Hooi Tan and Director Erin Mcsweeney sold significant shares, with their sales reflecting a decrease in ownership percentages.
• The company reported earnings of $0.72 per share for the last quarter, surpassing estimates and indicating a 4.1% year-over-year revenue increase.

Flex Ltd. (NASDAQ:FLEX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $58.2857.

A number of research analysts recently issued reports on the stock. Bank of America boosted their price objective on shares of Flex from $58.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 26th. The Goldman Sachs Group set a $66.00 price objective on shares of Flex in a research report on Monday, September 29th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Flex in a report on Wednesday. Finally, KGI Securities cut Flex from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th.

Insider Buying and Selling at Flex

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the transaction, the chief operating officer owned 263,636 shares of the company's stock, valued at approximately $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total transaction of $514,700.00. Following the sale, the director directly owned 17,012 shares of the company's stock, valued at $875,607.64. This represents a 37.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,020 shares of company stock worth $4,923,667 in the last quarter. Company insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BayBridge Capital Group LLC grew its holdings in shares of Flex by 2.1% during the second quarter. BayBridge Capital Group LLC now owns 11,400 shares of the technology company's stock worth $569,000 after buying an additional 235 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Flex by 39.4% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company's stock worth $43,000 after acquiring an additional 244 shares in the last quarter. Archer Investment Corp grew its stake in shares of Flex by 8.9% during the 2nd quarter. Archer Investment Corp now owns 3,050 shares of the technology company's stock worth $152,000 after acquiring an additional 250 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Flex by 3.3% in the second quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company's stock valued at $403,000 after purchasing an additional 257 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Flex by 1.8% in the second quarter. Farther Finance Advisors LLC now owns 15,206 shares of the technology company's stock worth $759,000 after purchasing an additional 266 shares in the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex Stock Up 4.5%

NASDAQ:FLEX opened at $59.84 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. Flex has a 12-month low of $25.11 and a 12-month high of $60.05. The stock's fifty day simple moving average is $54.33 and its 200-day simple moving average is $45.91. The firm has a market capitalization of $22.46 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.95 and a beta of 1.15.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The firm had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. Equities research analysts expect that Flex will post 2.33 earnings per share for the current year.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.

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