Wall Street Zen Upgrades Flex (NASDAQ:FLEX) to Buy

Flex (NASDAQ:FLEX) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently issued reports on the stock. Raymond James Financial set a $170.00 price objective on shares of Flex and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Freedom Capital raised shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Robert W. Baird set a $142.00 price target on shares of Flex in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Finally, Zacks Research lowered Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.20.

Flex Price Performance

Flex stock opened at $114.68 on Friday. The stock has a 50 day moving average of $115.01 and a two-hundred day moving average of $114.11. Flex has a twelve month low of $53.07 and a twelve month high of $166.86. The stock has a market capitalization of $42.36 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 0.58 and a beta of 1.67. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95.

Flex (NASDAQ:FLEX) last released its earnings results on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%.The business had revenue of $7.93 billion for the quarter. As a group, research analysts expect that Flex will post 4.27 earnings per share for the current year.

Insider Buying and Selling at Flex

In related news, insider Michael P. Hartung sold 2,755 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the transaction, the insider directly owned 243,175 shares of the company’s stock, valued at $29,336,632. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Flex

Large investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position in shares of Flex by 6.6% in the 2nd quarter. QRG Capital Management Inc. now owns 32,773 shares of the technology company’s stock worth $5,311,000 after buying an additional 2,042 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Flex by 8.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,743 shares of the technology company’s stock valued at $931,000 after acquiring an additional 443 shares in the last quarter. Andra AP fonden raised its position in Flex by 41.9% during the second quarter. Andra AP fonden now owns 38,624 shares of the technology company’s stock worth $6,260,000 after acquiring an additional 11,400 shares during the last quarter. Security National Bank of SO Dak purchased a new stake in shares of Flex in the second quarter valued at about $89,000. Finally, Revere Asset Management Inc purchased a new stake in shares of Flex in the second quarter valued at about $6,874,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex announced that the new independent company will be named Axiom Solutions International and submitted a preliminary Form 10 registration statement to the SEC. The separation is targeted for the first quarter of 2027, providing investors with a clearer timeline and potential value-unlocking catalyst. Why Flex (FLEX) Stock Is Up Today
• Positive Sentiment: The planned spin-off is increasing investor focus on Flex’s exposure to artificial-intelligence data centers, cloud infrastructure and power systems. The planned EPC Power acquisition could further support the growth outlook for the assets being separated.
• Positive Sentiment: Sell-side analysts collectively rate Flex a “Moderate Buy,” while recent price targets include several targets above the current trading range. A Zacks analysis also characterized Flex as a strong value stock. Flex Stock Rated Moderate Buy
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 668 investors added shares while 451 reduced positions. Several large institutions made substantial changes, limiting the signal from the overall count.
• Neutral Sentiment: The reported September short-interest figure was zero shares, which may reflect incomplete or anomalous data rather than a meaningful change in investor positioning.
• Negative Sentiment: Insider activity remains a potential overhang. Company insiders reportedly made 138 open-market sales and no purchases during the past six months, including significant sales by the CEO and other senior executives.

About Flex

Flex Ltd. (NASDAQ:FLEX) is a global manufacturing and supply-chain solutions company that helps original equipment manufacturers design, build and manage products. Its services span product design and engineering, prototyping, manufacturing, assembly, testing, logistics, supply-chain management and aftermarket support.

The company supports customers across industries including automotive, communications, consumer, industrial, healthcare and life sciences, and cloud and data-center infrastructure.