Flex (NASDAQ:FLEX) Insider Sells $933,900.00 in Stock

Flex Ltd. (NASDAQ:FLEX) insider Michael Hartung sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $62.26, for a total transaction of $933,900.00. Following the sale, the insider directly owned 226,198 shares of the company’s stock, valued at approximately $14,083,087.48. This trade represents a 6.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Flex Price Performance

FLEX opened at $62.64 on Friday. Flex Ltd. has a 52-week low of $25.11 and a 52-week high of $67.00. The company has a 50 day moving average of $59.46 and a two-hundred day moving average of $50.74. The company has a market cap of $23.16 billion, a P/E ratio of 27.72, a P/E/G ratio of 1.68 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.60.

Flex (NASDAQ:FLEX) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Flex had a net margin of 3.33% and a return on equity of 20.86%. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter 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. On average, analysts expect that Flex Ltd. will post 2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FLEX. KGI Securities downgraded Flex from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Bank of America increased their price objective on shares of Flex from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, KeyCorp raised their price target on shares of Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $71.86.

Institutional Trading of Flex

A number of hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in Flex in the first quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Flex in the 1st quarter valued at about $26,000. MTM Investment Management LLC acquired a new stake in shares of Flex in the 2nd quarter valued at about $26,000. Concord Wealth Partners bought a new position in shares of Flex during the second quarter worth about $28,000. Finally, CENTRAL TRUST Co grew its stake in Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

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.