Flex (NASDAQ:FLEX) Director Erin Mcsweeney Sells 2,500 Shares

Flex Ltd. (NASDAQ:FLEX) Director Erin Mcsweeney sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $136.59, for a total value of $341,475.00. Following the completion of the sale, the director directly owned 14,512 shares of the company’s stock, valued at $1,982,194.08. The trade was a 14.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Flex Stock Down 3.7%

Flex stock opened at $139.69 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. The stock has a market capitalization of $51.36 billion, a price-to-earnings ratio of 59.95 and a beta of 1.46. Flex Ltd. has a 1-year low of $40.15 and a 1-year high of $145.40. The business has a fifty day moving average price of $79.15 and a 200-day moving average price of $68.72.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Flex had a return on equity of 22.12% and a net margin of 3.15%.The company had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $6.96 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. Equities research analysts forecast that Flex Ltd. will post 3.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FLEX. Robert W. Baird set a $165.00 price target on Flex in a research report on Thursday, May 7th. Stifel Nicolaus lifted their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. 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. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, Barclays lifted their price target on Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Flex currently has an average rating of “Moderate Buy” and an average price target of $112.80.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO is publicly leaning into AI as a major growth driver, signaling that the company sees meaningful demand ahead from AI infrastructure and related hardware spending. Flex CEO bets big on AI
• Positive Sentiment: Reports that Flex may spin off its AI data center business suggest management could unlock value by separating a fast-growing segment from the rest of the company. Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Neutral Sentiment: Short-interest data from mid-May appears unreliable or incomplete, so it does not provide a clear new signal for the stock.
• Neutral Sentiment: Broader commentary from other AI leaders and investors reinforces the strength of the AI theme, but it is indirect and not specific to Flex’s fundamentals. AMD CEO Lisa Su Says CPUs Will Match GPUs 1-to-1 in AI’s Next Phase

Hedge Funds Weigh In On Flex

Several institutional investors and hedge funds have recently modified their holdings of the stock. ABN Amro Investment Solutions acquired a new position in shares of Flex in the 1st quarter valued at about $1,342,000. PNC Financial Services Group Inc. lifted its holdings in shares of Flex by 14.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 38,251 shares of the technology company’s stock valued at $2,504,000 after buying an additional 4,873 shares during the period. Andra AP fonden acquired a new position in shares of Flex in the 1st quarter valued at about $1,782,000. Glenview Trust Co lifted its holdings in shares of Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after buying an additional 125 shares during the period. Finally, Convergence Investment Partners LLC lifted its holdings in shares of Flex by 143.2% in the 1st quarter. Convergence Investment Partners LLC now owns 72,672 shares of the technology company’s stock valued at $4,757,000 after buying an additional 42,793 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

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.