Kwang Hooi Tan Sells 26,175 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) COO Kwang Hooi Tan sold 26,175 shares of Flex stock in a transaction on Monday, May 11th. The shares were sold at an average price of $142.37, for a total value of $3,726,534.75. Following the sale, the chief operating officer directly owned 256,043 shares of the company’s stock, valued at approximately $36,452,841.91. The trade was a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kwang Hooi Tan also recently made the following trade(s):

• On Monday, March 9th, Kwang Hooi Tan sold 17,500 shares of Flex stock. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00.

Flex Price Performance

FLEX opened at $143.80 on Thursday. The stock has a market cap of $52.87 billion, a price-to-earnings ratio of 61.72 and a beta of 1.46. Flex Ltd. has a 1 year low of $40.15 and a 1 year high of $147.34. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $80.71 and a 200 day moving average price of $69.28.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. The firm had revenue of $7.48 billion during the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%. Analysts forecast that Flex Ltd. will post 3.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Flex

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLEX. Vanguard Group Inc. increased its stake in Flex by 196.1% during the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after acquiring an additional 25,662,586 shares during the period. Norges Bank bought a new position in Flex during the fourth quarter valued at about $319,756,000. State Street Corp increased its stake in Flex by 38.0% during the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after acquiring an additional 3,377,669 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Flex by 694,916.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,641,062 shares of the technology company’s stock valued at $159,573,000 after acquiring an additional 2,640,682 shares during the period. Finally, Polar Capital Holdings Plc increased its stake in Flex by 141.8% during the fourth quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock valued at $223,140,000 after acquiring an additional 2,165,780 shares during the period. 94.30% of the stock is currently owned by institutional investors.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Recent articles highlight Flex as a beneficiary of the AI buildout, with its CEO publicly emphasizing AI as a key growth driver and reports suggesting a possible AI data center spinoff could unlock additional value for shareholders. Flex CEO bets big on AI Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Positive Sentiment: Analyst sentiment remains constructive, with several firms recently lifting price targets and reiterating bullish ratings after Flex’s stronger-than-expected quarterly results and raised FY2027 outlook.
• Neutral Sentiment: Zacks published a style-scores piece calling Flex a strong growth stock, which reinforces the company’s growth profile but does not appear to be a fresh fundamental catalyst. Here's Why Flex (FLEX) is a Strong Growth Stock
• Negative Sentiment: A series of insider sales from the CEO, COO, EVP, CAO, and a director may weigh on sentiment, although the filings say several of the transactions were for tax-withholding related to equity vesting rather than discretionary selling. Erin Mcsweeney Sells 2,500 Shares of Flex (NASDAQ:FLEX) Stock

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. KeyCorp boosted their price target on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Raymond James Financial set a $80.00 price target on Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $165.00 price target on Flex in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Nine equities research 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 a consensus target price of $112.80.

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.