Flex Ltd. (NASDAQ:FLEX) Receives Consensus Rating of “Moderate Buy” from Analysts

Flex Ltd. (NASDAQ:FLEX) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $53.7143.

Several equities research analysts have commented on FLEX shares. Bank of America upped their price objective on shares of Flex from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Wall Street Zen raised shares of Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Stifel Nicolaus upped their price objective on shares of Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. Barclays upped their price objective on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 17th.

Flex Price Performance

Shares of NASDAQ:FLEX opened at $49.77 on Wednesday. The company’s 50-day moving average is $49.75 and its 200 day moving average is $41.62. 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 company has a market capitalization of $18.68 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. Flex has a fifty-two week low of $25.11 and a fifty-two week high of $53.97.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. The company 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 firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, equities research analysts forecast that Flex will post 2.33 earnings per share for the current year.

Insider Activity

In other news, insider Michael P. Hartung sold 6,887 shares of the company’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $45.01, for a total transaction of $309,983.87. Following the sale, the insider directly owned 303,718 shares in the company, valued at $13,670,347.18. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Revathi Advaithi sold 37,465 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $45.01, for a total value of $1,686,299.65. Following the sale, the chief executive officer owned 1,363,312 shares in the company, valued at approximately $61,362,673.12. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 659,186 shares of company stock valued at $28,621,302. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Flex

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BayBridge Capital Group LLC raised its stake in Flex by 2.1% in the second quarter. BayBridge Capital Group LLC now owns 11,400 shares of the technology company’s stock valued at $569,000 after purchasing an additional 235 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in Flex by 39.4% in the second quarter. Pinnacle Bancorp Inc. now owns 864 shares of the technology company’s stock valued at $43,000 after purchasing an additional 244 shares in the last quarter. Archer Investment Corp raised its stake in Flex by 8.9% in the second quarter. Archer Investment Corp now owns 3,050 shares of the technology company’s stock valued at $152,000 after purchasing an additional 250 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Flex by 3.3% in the second quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock valued at $403,000 after purchasing an additional 257 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Flex by 2.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,709 shares of the technology company’s stock valued at $488,000 after purchasing an additional 266 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors.

Flex Company Profile

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.