Flex Ltd. (NASDAQ:FLEX) Receives $115.70 Average PT from Analysts

Flex Ltd. (NASDAQ:FLEX) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $115.70.

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. JPMorgan Chase & Co. increased their target price on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Robert W. Baird set a $165.00 target price on shares of Flex in a report on Thursday, May 7th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus increased their target price on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, April 20th.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex was added to the S&P 500 effective before the open on June 22, which can support shares by increasing passive fund buying and raising the company’s visibility with large-cap investors. Flex Ltd. (FLEX) to Join S&P 500 Index on June 22
• Neutral Sentiment: Several executives and insiders disclosed stock sales, including CEO Revathi Advaithi, COO Kwang Hooi Tan, EVP David Scott Offer, CAO Daniel Wendler, and insider Michael P. Hartung. The filings indicate the sales were made under pre-arranged 10b5-1 plans and to cover tax withholding tied to equity vesting, which makes them less negative than discretionary selling. Insider Selling: Flex (NASDAQ:FLEX) CAO Sells 1,311 Shares of Stock
• Neutral Sentiment: Multiple smaller reports repeated the same insider-sale disclosures, reinforcing the same message rather than adding new operational news. Flex (NASDAQ:FLEX) CEO Revathi Advaithi Sells 39,188 Shares
• Neutral Sentiment: One unrelated “flex-fuel” auto article appears unrelated to Flex Ltd. and is unlikely to affect the stock. 5 Hyundai Cars Likely To Get Flex-Fuel Engine In India In 2026

Insider Buying and Selling at Flex

In related news, COO Kwang Hooi Tan sold 8,981 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $145.19, for a total transaction of $1,303,951.39. Following the sale, the chief operating officer directly owned 248,546 shares in the company, valued at $36,086,393.74. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Also, CAO Daniel Wendler sold 1,311 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.20, for a total transaction of $190,357.20. Following the sale, the chief accounting officer owned 37,932 shares in the company, valued at approximately $5,507,726.40. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 769,195 shares of company stock valued at $110,116,823 over the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Flex

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JSF Financial LLC raised its holdings in shares of Flex by 0.6% during the first quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 115 shares during the period. Glenview Trust Co increased its stake in Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after buying an additional 125 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in Flex by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock valued at $522,000 after buying an additional 163 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after buying an additional 166 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Flex by 7.9% in the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the technology company’s stock valued at $159,000 after buying an additional 178 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Price Performance

Shares of FLEX stock opened at $155.81 on Tuesday. Flex has a 52-week low of $45.31 and a 52-week high of $166.86. The stock has a market cap of $57.09 billion, a PE ratio of 66.87, a PEG ratio of 0.78 and a beta of 1.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. The firm’s 50 day moving average price is $125.25 and its two-hundred day moving average price is $85.91.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. The firm had revenue of $7.48 billion for the quarter. As a group, analysts forecast that Flex will post 4.15 EPS for the current year.

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.