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

Flex Ltd. (NASDAQ:FLEX) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $67.10.

Several brokerages have recently weighed in on FLEX. Raymond James Financial set a $80.00 target price on Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group raised their price objective on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Barclays increased their target price on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Robert W. Baird began coverage on shares of Flex in a research note on Thursday, March 12th. They set an “outperform” rating and a $70.00 price target on the stock.

Flex Price Performance

Shares of FLEX opened at $68.24 on Thursday. The firm has a market capitalization of $25.09 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.60 and a beta of 1.22. The firm’s fifty day simple moving average is $64.20 and its 200-day simple moving average is $62.43. Flex has a twelve month low of $25.11 and a twelve month high of $72.22. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

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

Insider Transactions at Flex

In other news, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total value of $1,310,689.38. Following the completion of the sale, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flex

A number of hedge funds have recently modified their holdings of FLEX. Brighton Jones LLC acquired a new stake in Flex during the 4th quarter worth $260,000. Goldman Sachs Group Inc. raised its holdings in shares of Flex by 19.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after buying an additional 211,046 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Flex during the first quarter worth about $397,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Flex by 87.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,373 shares of the technology company’s stock worth $168,000 after buying an additional 1,577 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Flex during the second quarter worth about $2,628,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Flex Company Profile

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.