Flex’s (FLEX) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Flex (NASDAQ:FLEX) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $23.00 price objective on the technology company’s stock.

A number of other analysts have also weighed in on the stock. KeyCorp upped their target price on shares of Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Barclays lifted their target price on Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group increased their price objective on Flex from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.75.

Flex Stock Up 0.8%

Shares of FLEX opened at $59.99 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60. The firm has a market cap of $22.18 billion, a P/E ratio of 26.54, a PEG ratio of 1.58 and a beta of 1.24. The stock’s 50 day moving average is $60.18 and its two-hundred day moving average is $51.70. Flex has a 12 month low of $25.11 and a 12 month high of $67.00.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Analysts predict that Flex will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Flex

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $64.88, for a total transaction of $811,000.00. Following the sale, the chief operating officer directly owned 251,136 shares of the company’s stock, valued at approximately $16,293,703.68. This represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William D. Watkins sold 10,000 shares of the 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 sale, the director owned 111,355 shares in the company, valued at approximately $5,767,075.45. This trade represents a 8.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 135,020 shares of company stock worth $7,937,492. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLEX. Wellington Management Group LLP increased its position in shares of Flex by 4.8% during the 1st quarter. Wellington Management Group LLP now owns 21,742,194 shares of the technology company’s stock valued at $719,232,000 after purchasing an additional 996,276 shares during the period. Boston Partners raised its position in Flex by 3.5% in the second quarter. Boston Partners now owns 20,620,717 shares of the technology company’s stock worth $1,029,769,000 after acquiring an additional 687,835 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Flex by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 13,083,744 shares of the technology company’s stock valued at $758,465,000 after acquiring an additional 221,819 shares during the last quarter. State Street Corp boosted its position in shares of Flex by 38.0% during the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after purchasing an additional 3,377,669 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Flex by 6.1% in the 2nd quarter. Invesco Ltd. now owns 8,871,601 shares of the technology company’s stock worth $442,870,000 after purchasing an additional 508,495 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

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.