Flex (NASDAQ:FLEX) COO Kwang Hooi Tan Sells 17,500 Shares

Flex Ltd. (NASDAQ:FLEX) COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. The trade was a 6.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Flex Stock Down 0.7%

Shares of FLEX opened at $60.91 on Wednesday. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.50 and a beta of 1.24. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $72.22. The stock’s 50-day moving average price is $63.61 and its 200-day moving average price is $61.37. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same period last year, the business earned $0.77 earnings per share. Flex’s quarterly revenue was up 7.7% on a year-over-year basis. 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 predict that Flex Ltd. will post 2.33 EPS for the current year.

Institutional Trading of Flex

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Flex by 196.1% in the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after purchasing an additional 25,662,586 shares during the last quarter. Norges Bank purchased a new stake in shares of Flex during the second quarter worth $291,362,000. State Street Corp raised its position 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 valued at $611,997,000 after buying an additional 3,377,669 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Flex by 694,916.3% in 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 worth $159,573,000 after buying an additional 2,640,682 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Flex by 52.1% during the second quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock worth $358,500,000 after acquiring an additional 2,459,511 shares during the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLEX has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday. Jefferies Financial Group reissued a “hold” rating and issued a $23.00 price objective on shares of Flex in a report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.78.

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.