Flex (NASDAQ:FLEX) COO Kwang Hooi Tan Sells 26,175 Shares of Stock

Flex Ltd. (NASDAQ:FLEX) COO Kwang Hooi Tan sold 26,175 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $142.37, for a total value of $3,726,534.75. Following the completion of the sale, the chief operating officer directly owned 256,043 shares of the company’s stock, valued at $36,452,841.91. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kwang Hooi Tan also recently made the following trade(s):

• On Monday, March 9th, Kwang Hooi Tan sold 17,500 shares of Flex stock. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00.

Flex Price Performance

FLEX stock opened at $139.69 on Wednesday. The company has a market capitalization of $51.36 billion, a P/E ratio of 59.95 and a beta of 1.46. Flex Ltd. has a twelve month low of $40.15 and a twelve month high of $145.40. The business has a 50 day simple moving average of $79.15 and a 200-day simple moving average of $68.72. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 earnings per share. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. As a group, equities analysts anticipate that Flex Ltd. will post 3.31 EPS for the current year.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO is publicly leaning into AI as a major growth driver, signaling that the company sees meaningful demand ahead from AI infrastructure and related hardware spending. Flex CEO bets big on AI
• Positive Sentiment: Reports that Flex may spin off its AI data center business suggest management could unlock value by separating a fast-growing segment from the rest of the company. Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Neutral Sentiment: Short-interest data from mid-May appears unreliable or incomplete, so it does not provide a clear new signal for the stock.
• Neutral Sentiment: Broader commentary from other AI leaders and investors reinforces the strength of the AI theme, but it is indirect and not specific to Flex’s fundamentals. AMD CEO Lisa Su Says CPUs Will Match GPUs 1-to-1 in AI’s Next Phase

Institutional Investors Weigh In On Flex

Several large investors have recently modified their holdings of FLEX. Brighton Jones LLC purchased a new stake in shares of Flex during the fourth quarter worth approximately $260,000. Goldman Sachs Group Inc. lifted its holdings in Flex by 19.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after acquiring an additional 211,046 shares during the period. Empowered Funds LLC purchased a new stake in shares of Flex during the 1st quarter worth $397,000. EverSource Wealth Advisors LLC grew its stake in shares of Flex by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,031 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Flex by 92.4% during the 2nd quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock worth $3,099,000 after purchasing an additional 29,821 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FLEX. JPMorgan Chase & Co. increased their price objective on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Stifel Nicolaus upped their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. KeyCorp upped their price target on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Raymond James Financial set a $80.00 price target on Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex currently has an average rating of “Moderate Buy” and an average price target of $112.80.

About Flex

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.