Short Interest in Flex Ltd. (NASDAQ:FLEX) Drops By 18.7%

Flex Ltd. (NASDAQ:FLEX) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 10,641,162 shares, a decline of 18.7% from the January 15th total of 13,096,611 shares. Based on an average trading volume of 3,022,723 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.9% of the company’s stock are short sold. Currently, 2.9% of the company’s stock are short sold. Based on an average trading volume of 3,022,723 shares, the days-to-cover ratio is currently 3.5 days.

Insiders Place Their Bets

In other news, Director Michael E. Hurlston sold 10,000 shares of the 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 completion of the sale, the director directly owned 58,561 shares of the company’s stock, valued at $3,396,538. This represents a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the sale, the chief financial officer owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. This represents a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 71,406 shares of company stock worth $4,262,489 over the last quarter. Company insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Flex

Several large investors have recently bought and sold shares of FLEX. Parkside Financial Bank & Trust lifted its stake in shares of Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after buying an additional 166 shares during the period. Fulton Bank N.A. grew its holdings in shares of Flex by 0.3% during the 3rd 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 increased 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 purchasing an additional 179 shares during the period. Parallel Advisors LLC raised 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 valued at $208,000 after purchasing an additional 181 shares in the last quarter. Finally, Parcion Private Wealth LLC boosted its stake in Flex by 1.5% during the fourth quarter. Parcion Private Wealth LLC now owns 14,159 shares of the technology company’s stock worth $855,000 after buying an additional 216 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Stock Performance

FLEX stock traded up $1.64 during midday trading on Monday, hitting $64.24. 4,199,653 shares of the company traded hands, compared to its average volume of 4,086,539. The business has a 50 day simple moving average of $64.21 and a 200-day simple moving average of $59.73. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. Flex has a twelve month low of $25.11 and a twelve month high of $72.22. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24.

Flex (NASDAQ:FLEX) last posted its earnings results 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. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. Flex’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. 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, equities research analysts predict that Flex will post 2.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLEX. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price objective on shares of Flex in a report on Wednesday, November 12th. Raymond James Financial set a $80.00 price target on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. KeyCorp increased their price objective on Flex from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. The Goldman Sachs Group boosted their target price on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Argus set a $85.00 price target on shares of Flex in a report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.78.

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.