Flex (NASDAQ:FLEX) Raised to Strong-Buy at Wall Street Zen

Flex (NASDAQ:FLEX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

FLEX has been the topic of a number of other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price objective on shares of Flex in a report on Wednesday, November 12th. Argus set a $85.00 target price on shares of Flex in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.78.

Flex Stock Up 6.4%

Shares of NASDAQ FLEX opened at $63.98 on Friday. The firm has a fifty day simple moving average of $63.69 and a two-hundred day simple moving average of $59.25. Flex has a 12 month low of $25.11 and a 12 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. The firm has a market capitalization of $23.66 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced its 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 quarter in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter 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 expect that Flex will post 2.33 earnings per share for the current year.

Insider Activity at Flex

In other news, Director Michael E. Hurlston sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 58,561 shares in the company, valued at approximately $3,396,538. This represents a 14.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kevin Krumm sold 21,406 shares of the firm’s stock in a transaction that occurred 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 sale, 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 sold a total of 86,406 shares of company stock worth $5,195,639 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of Flex

Several institutional investors have recently added to or reduced their stakes in the business. Fulton Bank N.A. raised its stake in shares of 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 during the last quarter. Diversified Trust Co increased its holdings in Flex by 2.4% in the 3rd quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock worth $446,000 after buying an additional 179 shares in the last quarter. Parallel Advisors LLC raised its position in Flex by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after buying an additional 181 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in Flex by 1.5% during the 4th quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock valued at $855,000 after acquiring an additional 216 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Flex by 1.2% during the 3rd quarter. US Bancorp DE now owns 19,729 shares of the technology company’s stock valued at $1,144,000 after acquiring an additional 225 shares during the last quarter. 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.