Flex Ltd. (NASDAQ:FLEX) Short Interest Update

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

Insider Activity

In other Flex news, CAO Daniel Wendler sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the completion of the transaction, the chief accounting officer owned 27,619 shares in the company, valued at approximately $1,987,739.43. This represents a 26.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Watkins sold 20,000 shares of Flex stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $54.52, for a total value of $1,090,400.00. Following the sale, the director directly owned 98,073 shares in the company, valued at approximately $5,346,939.96. This trade represents a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,406 shares of company stock worth $4,262,489 in the last 90 days. 0.57% of the stock is currently owned by insiders.

Institutional Trading of Flex

Several institutional investors and hedge funds have recently bought and sold shares of FLEX. MTM Investment Management LLC acquired a new position in shares of Flex in the second quarter worth about $26,000. USA Financial Formulas acquired a new stake in Flex during the 4th quarter valued at $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Flex in the fourth quarter valued at $28,000. Parkside Financial Bank & Trust boosted its position 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 worth $28,000 after buying an additional 166 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in shares of Flex by 238.3% during the third 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. Institutional investors and hedge funds own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

FLEX has been the subject of several recent analyst reports. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Argus set a $85.00 target price on shares of Flex in a research report on Friday, October 31st. The Goldman Sachs Group boosted their price target 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. Zacks Research cut shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, KeyCorp raised their price objective on shares of Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Eight research 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 a consensus target price of $66.78.

Flex Price Performance

FLEX stock traded up $1.64 on Monday, hitting $64.24. 4,199,653 shares of the company’s stock traded hands, compared to its average volume of 4,086,539. The stock has a market cap of $23.62 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.57 and a beta of 1.24. Flex has a 1-year low of $25.11 and a 1-year 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 stock has a fifty day moving average of $64.21 and a 200-day moving average of $59.73.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, analysts forecast that Flex will post 2.33 EPS for the current fiscal year.

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.