Flex (NASDAQ:FLEX) Coverage Initiated at Robert W. Baird

Equities research analysts at Robert W. Baird began coverage on shares of Flex (NASDAQ:FLEX) in a research report issued on Thursday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $70.00 price target on the technology company’s stock. Robert W. Baird’s target price indicates a potential upside of 10.34% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. The Goldman Sachs Group increased their price objective on Flex from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Raymond James Financial set a $80.00 price objective on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 target price on shares of Flex in a research note on Wednesday, November 12th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.10.

Flex Stock Up 0.2%

FLEX stock opened at $63.44 on Thursday. 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 firm has a 50-day simple moving average of $63.72 and a 200-day simple moving average of $61.47. The stock has a market capitalization of $23.32 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.55 and a beta of 1.24.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period last year, the company posted $0.77 EPS. Flex’s quarterly 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. Equities analysts forecast that Flex will post 2.33 earnings per share for the current fiscal year.

Insider Activity at Flex

In other Flex news, 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 value of $1,310,689.38. Following the sale, the chief financial officer owned 143,803 shares of the company’s stock, valued at $8,805,057.69. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Flex

Several institutional investors and hedge funds have recently modified their holdings of FLEX. MTM Investment Management LLC purchased a new position in Flex during the 2nd quarter valued at about $26,000. USA Financial Formulas purchased a new stake in Flex during the fourth quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new stake in Flex during the fourth quarter worth about $28,000. Parkside Financial Bank & Trust lifted its position in shares of Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

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.