Flex (NASDAQ:FLEX) Sets New 12-Month High - What's Next?

Key Points

• 52-week high: Shares of Flex climbed to a new 52-week high of $94.60 (last $94.23), trading strongly despite the MarketBeat consensus price target of $72.30.
• Flex beat quarterly expectations with $0.87 EPS vs. $0.79 estimated and $7.06B revenue vs. $6.84B, and issued FY 2026 guidance of 3.210–3.270 EPS compared with analysts' average forecast of 2.93.
• Analyst sentiment is mostly positive (nine Buys, three Holds; "Moderate Buy" consensus), while insiders have trimmed holdings (COO sold 17,500 shares) and institutional ownership remains very high at 94.30% with some funds increasing positions.

Shares of Flex Ltd. (NASDAQ:FLEX - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $94.60 and last traded at $94.2310, with a volume of 496624 shares traded. The stock had previously closed at $91.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial set a $80.00 target price on shares of Flex and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Stifel Nicolaus increased their target price on Flex from $75.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Wall Street Zen cut Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. JPMorgan Chase & Co. increased their target price on shares of Flex from $75.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. Finally, Robert W. Baird began coverage on shares of Flex in a report on Thursday, March 12th. They set an "outperform" rating and a $70.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Flex has an average rating of "Moderate Buy" and a consensus price target of $72.30.

Flex Price Performance

The business has a fifty day simple moving average of $71.04 and a 200 day simple moving average of $65.79. The stock has a market capitalization of $34.91 billion, a P/E ratio of 42.50, a price-to-earnings-growth ratio of 1.97 and a beta of 1.46. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.08. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.Flex's revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, analysts expect that Flex Ltd. will post 2.93 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Kwang Hooi Tan sold 17,500 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the sale, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.57% of the company's stock.

Hedge Funds Weigh In On Flex

Institutional investors have recently added to or reduced their stakes in the business. Sigma Planning Corp boosted its position in shares of Flex by 81.6% during the 1st quarter. Sigma Planning Corp now owns 21,729 shares of the technology company's stock valued at $1,422,000 after acquiring an additional 9,764 shares during the last quarter. Camden National Bank lifted its position in Flex by 11.7% during the first quarter. Camden National Bank now owns 3,756 shares of the technology company's stock valued at $246,000 after purchasing an additional 392 shares during the last quarter. Nwam LLC purchased a new position in Flex in the 1st quarter worth approximately $449,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Flex by 63.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,685 shares of the technology company's stock worth $1,027,000 after buying an additional 6,062 shares during the last quarter. Finally, Archer Investment Corp increased its stake in Flex by 16.9% in the first quarter. Archer Investment Corp now owns 4,000 shares of the technology company's stock valued at $262,000 after acquiring an additional 579 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.

Flex Company Profile

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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