Flex (NASDAQ:FLEX) CAO Daniel Wendler Sells 3,819 Shares

Flex Ltd. (NASDAQ:FLEX) CAO Daniel Wendler sold 3,819 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $142.39, for a total value of $543,787.41. Following the sale, the chief accounting officer owned 33,516 shares in the company, valued at $4,772,343.24. The trade was a 10.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flex Stock Performance

NASDAQ:FLEX opened at $139.69 on Wednesday. The stock’s fifty day moving average is $79.15 and its 200 day moving average is $68.72. The firm has a market capitalization of $51.36 billion, a PE ratio of 59.95 and a beta of 1.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. Flex Ltd. has a fifty-two week low of $40.15 and a fifty-two week high of $145.40.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.93 EPS 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 the consensus estimate of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.Flex’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. 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, sell-side analysts anticipate that Flex Ltd. will post 3.31 earnings per share 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

Wall Street Analysts Forecast Growth

FLEX has been the topic of several research analyst reports. Raymond James Financial set a $80.00 price objective on Flex and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $165.00 price objective on Flex in a research report on Thursday, May 7th. The Goldman Sachs Group upped their price objective on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Stifel Nicolaus increased their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Flex currently has an average rating of “Moderate Buy” and an average price target of $112.80.

Hedge Funds Weigh In On Flex

Hedge funds and other institutional investors have recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Flex during the 4th quarter worth $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Flex during the 4th quarter worth $28,000. Parkside Financial Bank & Trust lifted its stake in shares of Flex by 57.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after purchasing an additional 355 shares during the last quarter. Finally, Gables Capital Management Inc. purchased a new stake in shares of Flex during the 4th quarter worth $42,000. Institutional investors own 94.30% of the company’s stock.

Flex Company Profile

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.