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

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

Other equities research analysts have also recently issued research reports about the company. KeyCorp upped their price target on Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Barclays lifted their price target on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 target price on shares of Flex in a research note on Wednesday, November 12th. Argus set a $85.00 price target on Flex in a research note on Friday, October 31st. Finally, Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and an average price target of $66.78.

Flex Stock Performance

Shares of FLEX stock opened at $64.24 on Friday. Flex has a 52-week low of $25.11 and a 52-week high of $72.22. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average price is $64.21 and its 200 day moving average price is $59.67. The stock has a market capitalization of $23.62 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same period in the previous year, the company posted $0.77 EPS. Flex’s revenue was up 7.7% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, equities research analysts forecast that Flex will post 2.33 EPS for the current year.

Insider Transactions at Flex

In other news, Director Michael E. Hurlston sold 10,000 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $58.00, for a total value of $580,000.00. Following the completion of the sale, the director owned 58,561 shares of the company’s stock, valued at $3,396,538. This represents a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the transaction, the chief financial officer owned 143,803 shares in the company, valued at $8,805,057.69. The trade was a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 71,406 shares of company stock valued at $4,262,489. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Flex

Large investors have recently modified their holdings of the stock. Templeton & Phillips Capital Management LLC acquired a new position in Flex during the 4th quarter worth approximately $8,420,000. Transamerica Financial Advisors LLC lifted its position in shares of Flex by 168.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 841 shares of the technology company’s stock worth $51,000 after purchasing an additional 528 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Gendell Jeffrey L grew its holdings in Flex by 8.5% during the 4th quarter. Gendell Jeffrey L now owns 676,448 shares of the technology company’s stock valued at $40,871,000 after purchasing an additional 52,976 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Flex by 42.3% during the 4th quarter. UMB Bank n.a. now owns 5,244 shares of the technology company’s stock worth $317,000 after buying an additional 1,558 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

About Flex

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.