Flex (NASDAQ:FLEX – Get Free Report) was upgraded by investment analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.
Several other brokerages also recently issued reports on FLEX. Robert W. Baird set a $165.00 price target on Flex in a report on Thursday, May 7th. Stifel Nicolaus raised their price objective on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. KeyCorp upped their target price on shares of Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group increased their target price on shares of Flex from $84.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.70.
Get Our Latest Stock Report on Flex
Flex Price Performance
Flex (NASDAQ:FLEX – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 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%. As a group, research analysts anticipate that Flex will post 4.15 earnings per share for the current fiscal year.
Insider Activity
In related news, COO Kwang Hooi Tan sold 8,981 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 248,546 shares in the company, valued at approximately $36,086,393.74. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 dated 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 of the company’s stock, valued at $5,507,726.40. This trade represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 769,195 shares of company stock worth $110,116,823. 0.62% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Flex by 196.1% during the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after purchasing an additional 25,662,586 shares during the last quarter. Norges Bank purchased a new position in Flex in the fourth quarter valued at approximately $319,756,000. State Street Corp grew its holdings 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 purchasing an additional 3,377,669 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 purchasing an additional 2,640,682 shares during the period. Finally, Polar Capital Holdings Plc increased its position in Flex by 141.8% in the fourth quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock worth $223,140,000 after buying an additional 2,165,780 shares during the last quarter. 94.30% of the stock is owned by institutional investors.
Flex News Summary
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Recent analyst commentary appears to have been constructive, with one note framing the pullback as a valuation reset rather than a fundamental problem, which could help limit downside once selling pressure eases.
- Neutral Sentiment: Flex has set its first-quarter fiscal 2027 earnings release for July 29, and investors often reduce exposure ahead of an earnings date when a stock has already had a strong run.
- Neutral Sentiment: Some investor attention is also focused on Flex’s planned spin-off of its Cloud and Power Infrastructure segment and a related delayed-draw term loan tied to a pending acquisition, but these look more like execution/watchlist items than immediate catalysts.
- Negative Sentiment: Market participants appear to be de-risking after the stock’s recent rally, and broader weakness in AI hardware-related names may be adding to the selling pressure. Article Title
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.
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