Flex (NASDAQ:FLEX) Hits New 12-Month High – Still a Buy?

Flex Ltd. (NASDAQ:FLEX) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $144.71 and last traded at $143.7580, with a volume of 537086 shares changing hands. The stock had previously closed at $142.17.

Key Headlines Impacting Flex

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FLEX shares. Raymond James Financial set a $80.00 price objective on Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $165.00 price objective on Flex in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Stifel Nicolaus raised their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. Nine 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.80.

Flex Trading Down 3.7%

The company has a fifty day simple moving average of $79.15 and a two-hundred day simple moving average of $68.72. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. The company has a market capitalization of $51.36 billion, a P/E ratio of 59.95 and a beta of 1.46.

Flex (NASDAQ:FLEX) last posted its earnings results 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 company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business’s revenue was up 17.2% compared to the same quarter last year. During the same period last 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. On average, analysts forecast that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP David Scott Offer sold 22,212 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $142.40, for a total value of $3,162,988.80. Following the sale, the executive vice president directly owned 74,926 shares of the company’s stock, valued at approximately $10,669,462.40. This trade represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 22,216 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $142.38, for a total value of $3,163,114.08. Following the completion of the sale, the insider directly owned 232,706 shares in the company, valued at approximately $33,132,680.28. This represents a 8.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 223,512 shares of company stock valued at $30,283,218 in the last quarter. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Flex

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Flex by 196.1% in the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after purchasing an additional 25,662,586 shares during the last quarter. State Street Corp grew its position in shares of Flex by 17.8% in the fourth quarter. State Street Corp now owns 14,055,533 shares of the technology company’s stock valued at $849,235,000 after purchasing an additional 2,126,440 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Flex by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock valued at $459,829,000 after purchasing an additional 181,266 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Flex by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,631,237 shares of the technology company’s stock worth $326,443,000 after buying an additional 355,061 shares in the last quarter. Finally, Norges Bank acquired a new stake in Flex during the fourth quarter worth about $319,756,000. 94.30% of the stock is owned by institutional investors and hedge funds.

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.