Erin Mcsweeney Sells 2,500 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) Director Erin Mcsweeney sold 2,500 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $136.59, for a total transaction of $341,475.00. Following the sale, the director directly owned 14,512 shares in the company, valued at $1,982,194.08. This represents a 14.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Flex Stock Up 2.9%

Shares of FLEX opened at $143.80 on Thursday. The stock has a market capitalization of $52.87 billion, a PE ratio of 61.72 and a beta of 1.46. Flex Ltd. has a 1 year low of $40.15 and a 1 year high of $147.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. The company’s 50-day simple moving average is $80.71 and its 200-day simple moving average is $69.28.

Flex (NASDAQ:FLEX) last issued its earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. The firm had revenue of $7.48 billion for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. Analysts forecast that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLEX has been the topic of several recent analyst reports. KeyCorp increased their price target on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group lifted their price objective 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. Barclays boosted their target price on shares of Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.80.

Institutional Trading of Flex

A number of institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in Flex during the 4th quarter valued at $28,000. Parkside Financial Bank & Trust grew its position in shares of Flex by 57.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Flex during the 4th quarter valued at $28,000. CENTRAL TRUST Co lifted its stake in shares of Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares in the last quarter. Finally, Gables Capital Management Inc. purchased a new stake in Flex in the 4th quarter worth $42,000. 94.30% of the stock is currently owned by institutional investors.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Recent articles highlight Flex as a beneficiary of the AI buildout, with its CEO publicly emphasizing AI as a key growth driver and reports suggesting a possible AI data center spinoff could unlock additional value for shareholders. Flex CEO bets big on AI Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Positive Sentiment: Analyst sentiment remains constructive, with several firms recently lifting price targets and reiterating bullish ratings after Flex’s stronger-than-expected quarterly results and raised FY2027 outlook.
• Neutral Sentiment: Zacks published a style-scores piece calling Flex a strong growth stock, which reinforces the company’s growth profile but does not appear to be a fresh fundamental catalyst. Here's Why Flex (FLEX) is a Strong Growth Stock
• Negative Sentiment: A series of insider sales from the CEO, COO, EVP, CAO, and a director may weigh on sentiment, although the filings say several of the transactions were for tax-withholding related to equity vesting rather than discretionary selling. Erin Mcsweeney Sells 2,500 Shares of Flex (NASDAQ:FLEX) Stock

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.