Flex (NASDAQ:FLEX) Sets New 52-Week High - What's Next?

Key Points

• Flex Ltd. shares reached a new 52-week high of $58.80, closing at $58.65 with a trading volume of over 7.5 million shares.
• Analysts have shown strong support for Flex, with multiple firms raising their price targets to $60.00 and maintaining "overweight" ratings, while consensus estimates suggest a Moderate Buy rating.
• The company reported a quarterly earnings per share of $0.72, surpassing estimates, and revenue of $6.58 billion, marking a 4.1% increase year-over-year.

Flex Ltd. (NASDAQ:FLEX - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $58.80 and last traded at $58.65, with a volume of 7501509 shares traded. The stock had previously closed at $58.13.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FLEX shares. JPMorgan Chase & Co. boosted their price target on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen lowered shares of Flex from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. The Goldman Sachs Group reiterated a "buy" rating on shares of Flex in a research note on Friday, July 11th. Bank of America raised their target price on Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, KeyCorp upped their price target on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.71.

Flex Price Performance

The company has a market cap of $21.93 billion, a PE ratio of 25.80, a P/E/G ratio of 2.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.36 and a quick ratio of 0.83. The company has a 50-day moving average price of $52.79 and a two-hundred day moving average price of $43.97.

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

Insider Activity

In other Flex news, insider Michael P. Hartung sold 45,000 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $57.14, for a total value of $2,571,300.00. Following the completion of the transaction, the insider owned 256,198 shares of the company's stock, valued at $14,639,153.72. The trade was a 14.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.79, for a total value of $517,900.00. Following the completion of the transaction, the director owned 111,355 shares of the company's stock, valued at $5,767,075.45. This represents a 8.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is owned by insiders.

Institutional Trading of Flex

Several hedge funds have recently made changes to their positions in FLEX. MTM Investment Management LLC acquired a new stake in Flex during the second quarter worth $26,000. Concord Wealth Partners acquired a new stake in shares of Flex during the 2nd quarter valued at $28,000. CNB Bank acquired a new position in Flex in the second quarter valued at $30,000. Harbour Investments Inc. raised its holdings in Flex by 74.7% during the second quarter. Harbour Investments Inc. now owns 704 shares of the technology company's stock worth $35,000 after buying an additional 301 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Flex by 404.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company's stock worth $35,000 after purchasing an additional 566 shares during the last quarter. Institutional investors own 94.30% of the company's stock.

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.