Flex (NASDAQ:FLEX) Upgraded at Wall Street Zen

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

Other research analysts have also issued reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Flex in a research note on Wednesday, October 8th. KGI Securities downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Stifel Nicolaus lifted their target price on shares of Flex from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 25th. Argus set a $85.00 target price on shares of Flex in a report on Friday. Finally, Barclays lifted their target price on shares of Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.86.

Flex Trading Down 2.3%

NASDAQ FLEX opened at $62.52 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33. The firm has a market cap of $23.47 billion, a PE ratio of 27.66, a P/E/G ratio of 2.08 and a beta of 1.15. Flex has a one year low of $25.11 and a one year high of $67.00. The firm’s fifty day moving average is $58.50 and its two-hundred day moving average is $49.62.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.70 billion. Flex had a net margin of 3.33% and a return on equity of 20.86%. Flex’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Analysts expect that Flex will post 2.33 earnings per share for the current year.

Insider Activity

In related news, Director William D. Watkins sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $51.79, for a total transaction 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. The trade was a 8.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael P. Hartung sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $64.26, for a total transaction of $963,900.00. Following the completion of the sale, the insider directly owned 241,198 shares in the company, valued at $15,499,383.48. This trade represents a 5.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 105,020 shares of company stock valued at $6,070,442 in the last quarter. Insiders own 0.57% of the company’s stock.

Institutional Trading of Flex

Several institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Flex in the third quarter valued at about $224,000. OneAscent Wealth Management LLC purchased a new stake in shares of Flex in the third quarter valued at about $545,000. OneAscent Financial Services LLC purchased a new stake in shares of Flex in the third quarter valued at about $455,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Flex by 106.4% in the third quarter. Cullen Frost Bankers Inc. now owns 2,359 shares of the technology company’s stock valued at $137,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of Flex in the third quarter valued at approximately $242,000. Hedge funds and other institutional investors 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.