Flex (NASDAQ:FLEX) Lowered to “Buy” Rating by Wall Street Zen

Flex (NASDAQ:FLEX) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Several other analysts also recently weighed in on the company. KGI Securities downgraded Flex from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Barclays upped their target price on shares of Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Bank of America raised their target price on shares of Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Flex in a research report on Friday, July 11th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.71.

Flex Trading Down 0.8%

Shares of FLEX opened at $57.29 on Friday. Flex has a twelve month low of $25.11 and a twelve month high of $58.60. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $52.19 and its 200-day simple moving average is $43.14. The company has a market cap of $21.50 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.96 and a beta of 1.13.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data 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. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. As a group, analysts expect that Flex will post 2.33 EPS for the current year.

Insider Buying and Selling at Flex

In other Flex news, COO Kwang Hooi Tan sold 12,500 shares of Flex stock in a transaction on Monday, July 28th. The shares were sold at an average price of $50.25, for a total value of $628,125.00. Following the transaction, the chief operating officer directly owned 263,636 shares of the company’s stock, valued at approximately $13,247,709. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.79, for a total value of $517,900.00. Following the sale, the director owned 111,355 shares of the company’s stock, valued at approximately $5,767,075.45. This represents a 8.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,013 shares of company stock valued at $5,097,662. 0.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Flex

Several institutional investors have recently added to or reduced their stakes in FLEX. American Trust acquired a new position in shares of Flex during the second quarter valued at about $274,000. Semper Augustus Investments Group LLC acquired a new stake in shares of Flex during the second quarter worth $254,000. Castleark Management LLC purchased a new stake in shares of Flex during the second quarter valued at $135,000. Rexford Capital Inc. purchased a new position in Flex in the 2nd quarter worth $57,000. Finally, Evergreen Capital Management LLC lifted its position in Flex by 3.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 21,635 shares of the technology company’s stock worth $1,080,000 after acquiring an additional 632 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

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.