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

Flex Ltd. (NASDAQ:FLEX)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $78.46 and last traded at $78.31, with a volume of 2815449 shares trading hands. The stock had previously closed at $76.74.

Analysts Set New Price Targets

FLEX has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Barclays increased their price target on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Robert W. Baird initiated coverage on shares of Flex in a research report on Thursday, March 12th. They issued an “outperform” rating and a $70.00 price target on the stock. Raymond James Financial set a $80.00 price target on shares of Flex and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and a consensus target price of $67.10.

Flex Stock Up 2.0%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The stock has a market capitalization of $28.79 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 1.67 and a beta of 1.22. The firm’s fifty day simple moving average is $65.39 and its 200 day simple moving average is $63.26.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, sell-side analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Flex

In other news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the transaction, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at $13,754,151.32. This trade represents a 6.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Flex

Several hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust grew 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 acquiring an additional 166 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Flex by 0.3% during the 3rd quarter. Fulton Bank N.A. now owns 49,904 shares of the technology company’s stock worth $2,893,000 after acquiring an additional 167 shares in the last quarter. Diversified Trust Co grew its stake in shares of Flex by 2.4% during the 3rd quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock worth $446,000 after acquiring an additional 179 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Flex by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after acquiring an additional 181 shares in the last quarter. Finally, Fred Alger Management LLC grew its stake in shares of Flex by 0.7% during the 4th quarter. Fred Alger Management LLC now owns 30,881 shares of the technology company’s stock worth $1,866,000 after acquiring an additional 210 shares in the last quarter. 94.30% of the stock is owned by institutional investors.

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.