Flex Ltd. (NASDAQ:FLEX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Flex Ltd. (NASDAQ:FLEX) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $114.20.

Several research firms have issued reports on FLEX. Raymond James Financial set a $170.00 price target on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Freedom Capital upgraded Flex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Robert W. Baird set a $142.00 target price on Flex in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a research report on Friday, July 17th. Finally, Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th.

Flex Stock Performance

FLEX stock opened at $109.51 on Monday. Flex has a one year low of $53.07 and a one year high of $166.86. The firm has a market cap of $40.45 billion, a price-to-earnings ratio of 42.28 and a beta of 1.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 1.38. The firm has a 50-day simple moving average of $122.84 and a two-hundred day simple moving average of $109.12.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $7.93 billion for the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. On average, equities analysts forecast that Flex will post 4.27 EPS for the current fiscal year.

More Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: AI data-center and grid exposure: EPC Power designs power-conversion systems for data centers, utility-scale energy storage and microgrids. Its grid-forming technology and support for next-generation 800-volt data-center architectures could allow Flex to benefit from rising AI infrastructure and electricity-demand investment. Flex to Acquire EPC Power
• Positive Sentiment: Strategic expansion: Management plans to incorporate EPC Power into Flex’s upcoming spin-off, potentially creating a more focused power-infrastructure business and highlighting the value of the acquired assets. Flex Buys EPC Power
• Neutral Sentiment: Large transaction to assess: The $4.4 billion purchase is a major expansion for Flex. Investors will likely focus on the deal’s funding, integration progress, contribution to earnings and how the business will be structured within the planned spin-off. Flex to Acquire EPC Power
• Neutral Sentiment: Investor engagement: Flex leadership is scheduled to participate in the Goldman Sachs Communacopia + Technology Conference, providing an opportunity for management to discuss the acquisition and its AI infrastructure strategy. Flex Investor Conference
• Neutral Sentiment: Valuation support: Zacks highlighted Flex as a potential long-term value stock based on its style-score framework, which may reinforce positive sentiment but does not represent a new operating or earnings update. Why Flex Is a Top Value Stock
• Neutral Sentiment: Legal update: A trade-secret lawsuit involving Flex is reportedly moving toward resolution, but the available report does not indicate a material financial impact. Flex Trade Secret Suit

Insider Activity at Flex

In other Flex news, COO Kwang Tan sold 26,657 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $144.48, for a total transaction of $3,851,403.36. Following the sale, the chief operating officer owned 257,527 shares of the company’s stock, valued at approximately $37,207,500.96. The trade was a 9.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David Offer sold 20,812 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $144.47, for a total transaction of $3,006,709.64. Following the transaction, the executive vice president owned 97,779 shares in the company, valued at $14,126,132.13. The trade was a 17.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 426,938 shares of company stock valued at $61,941,083. Company insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Flex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in shares of Flex in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust lifted its holdings 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 purchasing an additional 166 shares during the period. Gables Capital Management Inc. acquired a new stake in shares of Flex during the fourth quarter worth about $42,000. Caitong International Asset Management Co. Ltd boosted its position in Flex by 6,318.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock valued at $43,000 after buying an additional 695 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in Flex by 58.1% in the 4th quarter. CENTRAL TRUST Co now owns 797 shares of the technology company’s stock worth $48,000 after buying an additional 293 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s 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.