Flex (NASDAQ:FLEX) Rating Lowered to Buy at Wall Street Zen

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

Several other research firms also recently commented on FLEX. The Goldman Sachs Group raised their price target on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 price target on shares of Flex in a research note on Wednesday, November 12th. Finally, Barclays boosted their price target on Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Flex currently has an average rating of “Moderate Buy” and an average target price of $66.78.

Flex Trading Down 5.7%

Shares of NASDAQ FLEX opened at $59.91 on Friday. Flex has a fifty-two week low of $25.11 and a fifty-two week high of $72.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.46 and a beta of 1.24. The business’s 50 day moving average price is $63.65 and its 200-day moving average price is $61.14.

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

Insider Activity

In related news, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $71.97, for a total transaction of $719,700.00. Following the transaction, the chief accounting officer directly owned 27,619 shares of the company’s stock, valued at $1,987,739.43. This trade represents a 26.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the transaction, the chief financial officer directly owned 143,803 shares of the company’s stock, valued at $8,805,057.69. This trade represents a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FLEX. Parkside Financial Bank & Trust lifted its stake in shares of Flex by 57.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Fulton Bank N.A. raised its holdings in Flex by 0.3% in the third quarter. Fulton Bank N.A. now owns 49,904 shares of the technology company’s stock worth $2,893,000 after purchasing an additional 167 shares in the last quarter. Diversified Trust Co lifted its position in shares of Flex by 2.4% during the third quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock valued at $446,000 after buying an additional 179 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Flex by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock valued at $208,000 after buying an additional 181 shares in the last quarter. Finally, Fred Alger Management LLC boosted its holdings in shares of Flex by 0.7% in the 4th quarter. Fred Alger Management LLC now owns 30,881 shares of the technology company’s stock valued at $1,866,000 after buying an additional 210 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

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.