Flex (NASDAQ:FLEX) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Flex (NASDAQ:FLEX) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Robert W. Baird set a $142.00 target price on Flex in a report on Thursday, July 30th. The Goldman Sachs Group decreased their price target on Flex from $177.00 to $154.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Raymond James Financial set a $170.00 price objective on Flex and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.20.

Flex Trading Up 2.0%

Shares of NASDAQ:FLEX opened at $114.68 on Friday. The business’s 50 day simple moving average is $115.01 and its 200 day simple moving average is $113.74. Flex has a 1 year low of $53.07 and a 1 year high of $166.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.38 and a quick ratio of 0.89. The company has a market capitalization of $42.36 billion, a P/E ratio of 44.28, a P/E/G ratio of 0.58 and a beta of 1.67.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 earnings per share for the quarter. The firm had revenue of $7.93 billion during the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%. On average, research analysts anticipate that Flex will post 4.27 EPS for the current fiscal year.

Insider Buying and Selling at Flex

In other Flex news, insider Michael P. Hartung sold 2,755 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total transaction of $332,363.20. Following the sale, the insider owned 243,175 shares of the company’s stock, valued at approximately $29,336,632. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Flex

Several hedge funds have recently modified their holdings of the company. Security National Bank of SO Dak acquired a new position in Flex in the 2nd quarter worth about $89,000. Parkside Financial Bank & Trust boosted its stake in shares of Flex by 32.0% during the second quarter. Parkside Financial Bank & Trust now owns 805 shares of the technology company’s stock valued at $130,000 after purchasing an additional 195 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Flex during the second quarter worth about $160,000. Western Wealth Management LLC acquired a new position in shares of Flex in the first quarter valued at approximately $65,000. Finally, Versant Capital Management Inc raised its holdings in Flex by 130.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,123 shares of the technology company’s stock valued at $182,000 after buying an additional 636 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex announced that the new independent company will be named Axiom Solutions International and submitted a preliminary Form 10 registration statement to the SEC. The separation is targeted for the first quarter of 2027, providing investors with a clearer timeline and potential value-unlocking catalyst. Why Flex (FLEX) Stock Is Up Today
• Positive Sentiment: The planned spin-off is increasing investor focus on Flex’s exposure to artificial-intelligence data centers, cloud infrastructure and power systems. The planned EPC Power acquisition could further support the growth outlook for the assets being separated.
• Positive Sentiment: Sell-side analysts collectively rate Flex a “Moderate Buy,” while recent price targets include several targets above the current trading range. A Zacks analysis also characterized Flex as a strong value stock. Flex Stock Rated Moderate Buy
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 668 investors added shares while 451 reduced positions. Several large institutions made substantial changes, limiting the signal from the overall count.
• Neutral Sentiment: The reported September short-interest figure was zero shares, which may reflect incomplete or anomalous data rather than a meaningful change in investor positioning.
• Negative Sentiment: Insider activity remains a potential overhang. Company insiders reportedly made 138 open-market sales and no purchases during the past six months, including significant sales by the CEO and other senior executives.

Flex Company Profile

Flex Ltd. (NASDAQ:FLEX) is a global manufacturing and supply-chain solutions company that helps original equipment manufacturers design, build and manage products. Its services span product design and engineering, prototyping, manufacturing, assembly, testing, logistics, supply-chain management and aftermarket support.

The company supports customers across industries including automotive, communications, consumer, industrial, healthcare and life sciences, and cloud and data-center infrastructure.