Flex (NASDAQ:FLEX) Director Sells $561,700.00 in Stock

Flex Ltd. (NASDAQ:FLEX) Director Michael Hurlston sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $56.17, for a total transaction of $561,700.00. Following the completion of the sale, the director directly owned 68,561 shares of the company’s stock, valued at $3,851,071.37. The trade was a 12.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Flex Stock Up 3.0%

Shares of FLEX traded up $1.66 during midday trading on Monday, hitting $56.95. 27,480,182 shares of the company’s stock traded hands, compared to its average volume of 4,208,177. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $67.00. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. 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’s fifty day moving average is $60.15 and its 200-day moving average is $52.79.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results 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 company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. 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. As a group, sell-side analysts anticipate that Flex Ltd. will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FLEX. Barclays boosted their target price on Flex from $60.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Jefferies Financial Group reissued a “hold” rating and issued a $23.00 price target on shares of Flex in a research report on Wednesday, November 12th. Bank of America boosted their price target on shares of Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Argus set a $85.00 target price on Flex in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.75.

Institutional Investors Weigh In On Flex

Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Flex during the 2nd quarter worth approximately $291,362,000. State Street Corp lifted its holdings in Flex by 38.0% in the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after acquiring an additional 3,377,669 shares during the last quarter. Invesco Ltd. raised its position in shares of Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock worth $276,652,000 after purchasing an additional 2,968,285 shares during the period. Geode Capital Management LLC raised its stake in Flex by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock valued at $358,500,000 after purchasing an additional 2,459,511 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Flex by 118.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company’s stock worth $162,968,000 after purchasing an additional 1,522,308 shares during the period. Institutional investors and hedge funds 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.