Flex (NASDAQ:FLEX) EVP David Scott Offer Sells 22,212 Shares

Flex Ltd. (NASDAQ:FLEX) EVP David Scott Offer sold 22,212 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $142.40, for a total transaction of $3,162,988.80. Following the completion of the sale, the executive vice president owned 74,926 shares of the company’s stock, valued at approximately $10,669,462.40. This trade represents a 22.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flex Stock Down 3.7%

FLEX stock opened at $139.69 on Wednesday. Flex Ltd. has a 12-month low of $40.15 and a 12-month high of $145.40. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The company has a market cap of $51.36 billion, a price-to-earnings ratio of 59.95 and a beta of 1.46. The company has a 50 day moving average of $79.15 and a two-hundred day moving average of $68.72.

Flex (NASDAQ:FLEX) last released its earnings results on Tuesday, May 5th. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Flex had a net margin of 3.15% and a return on equity of 22.12%. The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.96 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. On average, equities analysts anticipate that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flex

Large investors have recently bought and sold shares of the company. USA Financial Formulas bought a new stake in Flex in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased 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 acquiring an additional 166 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Flex during the fourth quarter worth $28,000. CENTRAL TRUST Co boosted its holdings in Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after purchasing an additional 355 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new position in Flex during the fourth quarter worth $42,000. Institutional investors own 94.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FLEX. Barclays raised their price target on shares of Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Raymond James Financial set a $80.00 price target on shares of Flex and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $165.00 target price on shares of Flex in a research report on Thursday, May 7th. KeyCorp lifted their target price on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Flex has a consensus rating of “Moderate Buy” and a consensus price target of $112.80.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO is publicly leaning into AI as a major growth driver, signaling that the company sees meaningful demand ahead from AI infrastructure and related hardware spending. Flex CEO bets big on AI
• Positive Sentiment: Reports that Flex may spin off its AI data center business suggest management could unlock value by separating a fast-growing segment from the rest of the company. Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Neutral Sentiment: Short-interest data from mid-May appears unreliable or incomplete, so it does not provide a clear new signal for the stock.
• Neutral Sentiment: Broader commentary from other AI leaders and investors reinforces the strength of the AI theme, but it is indirect and not specific to Flex’s fundamentals. AMD CEO Lisa Su Says CPUs Will Match GPUs 1-to-1 in AI’s Next Phase

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.