Insider Selling: Flex (NASDAQ:FLEX) COO Sells $1,030,225.00 in 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 value of $1,030,225.00. Following the completion of the transaction, the chief operating officer directly owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Flex Stock Performance

Shares of Flex stock opened at $63.29 on Friday. The business’s fifty day simple moving average is $63.72 and its 200 day simple moving average is $61.40. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22. The firm has a market capitalization of $23.27 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Flex (NASDAQ:FLEX) last announced 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. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, analysts anticipate that Flex Ltd. will post 2.33 EPS for the current year.

Hedge Funds Weigh In On Flex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLEX. MTM Investment Management LLC purchased a new stake in shares of Flex in the 2nd quarter valued at about $26,000. USA Financial Formulas purchased a new position in shares of Flex during the fourth quarter worth about $28,000. Frazier Financial Advisors LLC bought a new position in shares of Flex in the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust increased 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 purchasing an additional 166 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after purchasing an additional 355 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on FLEX. Barclays lifted their price objective 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. The Goldman Sachs Group raised their price target on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.10.

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.