Flex (NASDAQ:FLEX) Director William Watkins Sells 10,000 Shares

Key Points

• Flex Ltd. Director William Watkins sold 10,000 shares at an average price of $51.79, reducing his stake by 8.24% to a total of 111,355 shares valued at approximately $5.77 million.
• The company's stock saw a 2% increase, trading at $52.98 with a market capitalization of $19.88 billion and a one-year high of $53.97.
• Flex reported earnings per share of $0.72 for the last quarter, outperforming estimates of $0.63, and indicated future guidance of 2.860-3.060 EPS for FY 2026.

Flex Ltd. (NASDAQ:FLEX - Get Free Report) Director William Watkins sold 10,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director owned 111,355 shares in the company, valued at $5,767,075.45. This represents a 8.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flex Stock Up 2.0%

FLEX stock traded up $1.06 during trading on Monday, reaching $52.98. The stock had a trading volume of 3,969,868 shares, compared to its average volume of 3,767,083. Flex Ltd. has a one year low of $25.11 and a one year high of $53.97. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. The company's 50 day moving average is $50.33 and its two-hundred day moving average is $41.85. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.77 and a beta of 1.05.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. 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 forecast that Flex Ltd. will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sowell Financial Services LLC bought a new position in Flex in the 1st quarter valued at $246,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Flex by 7,157.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company's stock valued at $2,290,000 after purchasing an additional 68,065 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Flex by 7.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company's stock valued at $3,563,000 after purchasing an additional 7,637 shares during the period. DAVENPORT & Co LLC boosted its holdings in Flex by 20.9% in the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company's stock valued at $229,000 after purchasing an additional 1,200 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in Flex in the 1st quarter valued at $258,000. 94.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Flex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. The Goldman Sachs Group reissued a "buy" rating on shares of Flex in a research report on Friday, July 11th. KGI Securities downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus increased their target price on shares of Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $53.71.

About Flex

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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