Flex (NASDAQ:FLEX) Raised to Strong-Buy at Wall Street Zen

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

A number of other research analysts also recently weighed in on FLEX. The Goldman Sachs Group restated a “buy” rating on shares of Flex in a research note on Friday, July 11th. 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 report on Friday, July 25th. KeyCorp increased their price target on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, July 2nd. Bank of America boosted their price objective on shares of Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Finally, Barclays lifted their price target on Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. 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 Up 0.6%

NASDAQ:FLEX opened at $56.85 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. Flex has a twelve month low of $25.11 and a twelve month high of $59.76. The company has a market cap of $21.34 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The business has a 50 day moving average price of $53.34 and a two-hundred day moving average price of $44.73.

Flex (NASDAQ:FLEX) last announced its earnings results on Thursday, July 24th. The technology company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The business had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue 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 fiscal year.

Insider Transactions at Flex

In other Flex news, Director Erin Mcsweeney sold 10,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the sale, the director owned 17,012 shares of the company’s stock, valued at approximately $875,607.64. This trade represents a 37.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William D. Watkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.79, for a total transaction of $517,900.00. Following the completion of the sale, the director owned 111,355 shares in the company, valued at approximately $5,767,075.45. The trade was a 8.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,020 shares of company stock worth $4,923,667. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flex

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in shares of Flex during the 1st quarter valued at $2,882,000. Sowell Financial Services LLC acquired a new position in shares of Flex during the first quarter valued at about $246,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Flex by 7,157.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company’s stock worth $2,290,000 after acquiring an additional 68,065 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Flex by 7.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 107,713 shares of the technology company’s stock valued at $3,563,000 after acquiring an additional 7,637 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in Flex by 20.9% during the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company’s stock valued at $229,000 after purchasing an additional 1,200 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

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.