Flex (NASDAQ:FLEX) Director William Watkins Sells 20,000 Shares

Flex Ltd. (NASDAQ:FLEX) Director William Watkins sold 20,000 shares of Flex stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $54.52, for a total transaction of $1,090,400.00. Following the sale, the director directly owned 98,073 shares in the company, valued at $5,346,939.96. This trade represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Flex Price Performance

Shares of FLEX traded up $0.78 during trading hours on Friday, reaching $55.29. The stock had a trading volume of 4,983,359 shares, compared to its average volume of 4,201,164. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $67.00. The stock has a market capitalization of $20.45 billion, a PE ratio of 24.46, a PEG ratio of 1.45 and a beta of 1.24. The company’s 50-day moving average is $60.17 and its two-hundred day moving average is $52.44.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the company posted $0.64 EPS. Flex’s quarterly revenue was up 4.0% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Research analysts expect that Flex Ltd. will post 2.33 EPS for the current year.

Institutional Investors Weigh In On Flex

A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of Flex during the fourth quarter valued at about $260,000. CWM LLC raised its stake in Flex by 73.3% during the 1st quarter. CWM LLC now owns 1,281 shares of the technology company’s stock worth $42,000 after buying an additional 542 shares during the period. IFP Advisors Inc boosted its holdings in Flex by 8.2% in the first quarter. IFP Advisors Inc now owns 7,403 shares of the technology company’s stock worth $245,000 after acquiring an additional 563 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Flex in the first quarter valued at approximately $1,246,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Flex during the first quarter worth approximately $8,109,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on FLEX shares. Barclays lifted their price target on shares of Flex from $60.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price target on shares of Flex in a research report on Wednesday, November 12th. Zacks Research upgraded Flex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Stifel Nicolaus upped their target price on Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex currently has a consensus rating of “Moderate Buy” and an average target price of $65.75.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.