Representative Lisa C. McClain (R-Michigan) recently bought shares of Flex Ltd. NASDAQ: FLEX. In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Flex stock on August 4th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.
Representative Lisa C. McClain also recently made the following trade(s):
- Sold $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
- Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
- Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
- Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
- Purchased $1,001 - $15,000 in shares of Kite Realty Group Trust NYSE: KRG on 8/13/2025.
- Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
- Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
- Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
- Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
- Purchased $1,001 - $15,000 in shares of Agree Realty NYSE: ADC on 8/13/2025.
Flex Trading Down 1.0%
FLEX stock traded down $0.56 during mid-day trading on Tuesday, reaching $57.20. 3,103,008 shares of the stock traded hands, compared to its average volume of 3,305,689. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. Flex Ltd. has a one year low of $25.11 and a one year high of $58.60. The stock has a market capitalization of $21.47 billion, a PE ratio of 25.09, a PEG ratio of 1.97 and a beta of 1.13. The business has a 50-day moving average price of $52.44 and a two-hundred day moving average price of $43.44.
Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to analysts' expectations of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The business's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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 Ltd. will post 2.33 EPS for the current year.
Insider Buying and Selling
In related news, Director William D. Watkins sold 10,000 shares of the firm'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 directly owned 111,355 shares of the company's stock, valued at approximately $5,767,075.45. This trade represents a 8.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael P. Hartung sold 2,520 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $49.62, for a total value of $125,042.40. Following the sale, the insider directly owned 301,198 shares of the company's stock, valued at $14,945,444.76. The trade was a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,020 shares of company stock worth $2,352,367 in the last ninety days. Company insiders own 0.57% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FLEX. Stifel Nicolaus boosted their target price on shares of Flex from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Bank of America boosted their target price on shares of Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Wall Street Zen lowered shares of Flex from a "strong-buy" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. upped their price objective on shares of Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Barclays upped their price objective on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.71.
Check Out Our Latest Analysis on Flex
Hedge Funds Weigh In On Flex
Large investors have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of Flex during the first quarter valued at about $2,882,000. Sowell Financial Services LLC purchased a new position in shares of Flex in the 1st quarter valued at about $246,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Flex by 7,157.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company's stock worth $2,290,000 after buying an additional 68,065 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Flex by 7.6% in the first 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. Finally, DAVENPORT & Co LLC raised its holdings in shares of Flex by 20.9% during the first quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company's stock valued at $229,000 after acquiring an additional 1,200 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.
About Representative McClain
Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.
McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election.
Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.
Flex Company Profile
(
Get Free Report)
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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