Flex (NASDAQ:FLEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Flex (NASDAQ:FLEX) from a buy rating to a strong-buy rating in a research report released on Friday.

FLEX has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price on Flex from $44.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Barclays lifted their price target on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Flex in a research report on Friday, July 11th. Bank of America raised their target price on Flex from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Finally, Stifel Nicolaus upped their price target on shares of Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.71.

Flex Stock Up 0.6%

Shares of Flex stock opened at $56.85 on Friday. Flex has a one year low of $25.11 and a one year high of $59.76. The company has a market cap of $21.34 billion, a P/E ratio of 24.93, a PEG ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The firm has a fifty day moving average of $53.34 and a two-hundred day moving average of $44.81.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The business had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. Flex had a net margin of 3.42% and a return on equity of 20.25%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, analysts forecast that Flex will post 2.33 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $56.66, for a total value of $566,600.00. Following the completion of the transaction, the chief accounting officer owned 37,619 shares in the company, valued at $2,131,492.54. This trade represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael P. Hartung sold 45,000 shares of Flex stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total value of $2,571,300.00. Following the transaction, the insider directly owned 256,198 shares of the company’s stock, valued at $14,639,153.72. This trade represents a 14.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,020 shares of company stock valued at $4,923,667 in the last three months. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FLEX. Norges Bank purchased a new stake in Flex in the 2nd quarter valued at approximately $291,362,000. State Street Corp raised its holdings in shares of Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after acquiring an additional 3,377,669 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Flex by 55.0% during the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock valued at $276,652,000 after acquiring an additional 2,968,285 shares during the last quarter. Pacer Advisors Inc. increased its position in Flex by 3,794.6% during the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock worth $95,936,000 after purchasing an additional 2,825,667 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Flex by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock valued at $358,500,000 after purchasing an additional 2,459,511 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

About Flex

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.