Kwang Hooi Tan Sells 17,500 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the transaction, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Flex Trading Up 4.1%

Flex stock opened at $63.39 on Thursday. Flex Ltd. has a 12 month low of $25.11 and a 12 month 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 stock has a market cap of $23.31 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.49 and a beta of 1.24. The company’s fifty day simple moving average is $63.67 and its 200-day simple moving average is $61.38.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Institutional Trading of Flex

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FLEX. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 price objective on shares of Flex in a research report on Wednesday, November 12th. Raymond James Financial set a $80.00 price target on shares of Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Barclays increased their target price on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.78.

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.