Michael Hartung Sells 22,216 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) insider Michael Hartung sold 22,216 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.38, for a total value of $3,163,114.08. Following the sale, the insider owned 232,706 shares in the company, valued at $33,132,680.28. This represents a 8.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flex Trading Up 2.9%

Shares of FLEX stock opened at $143.80 on Thursday. The firm has a market capitalization of $52.87 billion, a P/E ratio of 61.72 and a beta of 1.46. Flex Ltd. has a twelve month low of $40.15 and a twelve month high of $147.34. 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 stock’s fifty day simple moving average is $80.71 and its 200 day simple moving average is $69.28.

Flex (NASDAQ:FLEX) last announced its earnings results on Tuesday, March 31st. The technology company reported $0.93 EPS for the quarter. The firm had revenue of $7.48 billion for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%. As a group, sell-side analysts predict that Flex Ltd. will post 3.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays lifted their target price on Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Robert W. Baird set a $165.00 target price on Flex in a report on Thursday, May 7th. KeyCorp lifted their target price on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Raymond James Financial set a $80.00 target price on Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Flex has an average rating of “Moderate Buy” and a consensus price target of $112.80.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JSF Financial LLC lifted its stake in shares of Flex by 0.6% in the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 115 shares during the period. Glenview Trust Co lifted its stake in shares of Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after purchasing an additional 125 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Flex by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock valued at $522,000 after purchasing an additional 163 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Flex by 7.9% in the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the technology company’s stock valued at $159,000 after purchasing an additional 178 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

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.