Short interest for Flex gives investors a sense of the degree to which investors are betting on the decline of Flex's stock. Short interest data is updated every two weeks.

Flex Stock (NASDAQ:FLEX), Short Interest Report

Flex

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.

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GOOG

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Flex Ltd (NASDAQ: FLEX) reported strong 4Q 2024 results, beating analyst estimates. Gross margin and operating margin also improved. Outlook for 2025 looks positive. Stock declined after earnings.

AI Beneficiary Flex Stock Declines After Q4 Print, What&#39;s Going On?

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Analyst Color

BofA Securities released a research note based on the list of Apple&#39;s suppliers which named companies that could potentially benefit from an Apple product cycle. BofA named electronics manufacturers Jabil and Flex as potential beneficiaries and noted Apple accounted for 17% of Jabil&#39;s revenue in 2023.

BofA Says These 4 Companies Could Benefit From The Next Apple Product Cycle

Long Ideas

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Microsoft, Alphabet, and Meta have reported strong cloud and AI investments. JPMorgan highlights potential benefits for 4 AI-levered stocks.

Microsoft, Alphabet And Meta&#39;s Raised AI Capex Outlook Could Benefit These JPMorgan Stock Picks

Flex Ltd

Flex LNG Ltd

FlexEnergy Green Solutions, Inc.

FlexShares Core Select Bond Fund

FlexShares Credit-Scored US Corporate Bond Index Fund

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund

FlexShares ESG & Climate US Large Cap Core Index Fund

FlexShares Emerging Markets Quality Low Volatility Index Fund

FlexShares Global Quality Real Estate Index Fund

FlexShares Global Upstream Natural Resources Index Fund ETF

FlexShares High Yield Value-Scored Bond Index Fund

FlexShares International Quality Dividend Defensive Index Fund

FlexShares International Quality Dividend Dynamic Index Fund

FlexShares International Quality Dividend Index Fund

FlexShares Mornigstar US Market Factors Tilt Index Fund ETF

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

FlexShares Quality Dividend Defensive Index Fund

FlexShares Quality Dividend Index Fund

FlexShares Real Assets Allocation Index Fund

FlexShares STOXX Global Broad Infrastructure Index Fund

FlexShares STOXX Global ESG Select Index Fund

FlexShares STOXX US ESG Select Index Fund

FlexShares Trust ESG & Climate Emerging Mkts Core Index Fd

FlexShares Trust FlexShares Credit-Scored US Long Corporate Bond Index Fund

FlexShares Trust FlexShares Disciplined Duration MBS Index Fund

FlexShares Trust FlexShares US Quality Large Cap Index Fund

FlexShares US Quality Low Volatility Index Fund

FlexShares Ultra-Short Income Fund

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

FlexShopper Inc

FLEXIINTERNATIONAL SFTWRE by FlexiInternational Software, Inc.

FlexiInternational Software Inc

Flexible Solutions International Inc. Common Stock (CDA)

Flexible Solutions International Inc

Flexjet, Inc

FLEXPOINT SENSOR SYS INC by Flexpoint Sensor Systems, Inc.

Flexpoint Sensor Systems Inc

Flexpower Inc

Flexsteel Industries, Inc. - Common Stock

Flexsteel Industries Inc

In the latest quarter, 4 analysts provided ratings for Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Flex, presenting an average target of $33.0, a high estimate of $37.00, and a low estimate of $27.00. Marking an increase of 10.92%, the current average surpasses the previous average price target of $29.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1714683615_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Flex by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$27.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>George Wang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Mark Delaney</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$37.00</td>
<td>$29.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Flex. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Flex compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Flex's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Flex's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FLEX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Flex analyst ratings.</a>
<h2>Unveiling the Story Behind Flex</h2>
Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.
<h3>Flex's Economic Impact: An Analysis</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Negative Revenue Trend: Examining Flex's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -8.42% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Flex's net margin excels beyond industry benchmarks, reaching 2.77%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Flex's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.32% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Flex's ROA excels beyond industry benchmarks, reaching 0.95%. This signifies efficient management of assets and strong financial health.
Debt Management: Flex's debt-to-equity ratio is below the industry average at 0.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Evaluating Flex: Insights From 4 Financial Analysts

WIIM

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Shares of companies within the broader tech sector are trading higher amid market strength after the Fed on Wednesday left rates unchanged and Fed's Chair Powell said it is unlikely that the next policy rate move would be a rate hike.

Craig-Hallum analyst Christian Schwab downgrades Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) from Buy to Hold and lowers the price target from $28 to $27.

Downgrades

Price Target

Craig-Hallum Downgrades Flex to Hold, Lowers Price Target to $27

Barclays analyst George Wang maintains Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) with a Overweight and raises the price target from $30 to $34.

Barclays Maintains Overweight on Flex, Raises Price Target to $34

Flex Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) traded lower by about 9% at $26.08 per share at <a href="https://www.benzinga.com/topic/manufacturing">last check on Wednesday</a>.
The manufacturing company reported a fiscal fourth-quarter 2024 net sales decline of <a href="https://www.benzinga.com/pressreleases/24/05/n38547914/flex-reports-fourth-quarter-and-fiscal-2024-results-and-hosts-investor-and-analyst-day">11.7% year-on-year to $6.17 billion</a>.
It beat the analyst consensus estimate of $6.11 billion.
The diversified manufacturing company&#8217;s adjusted EPS of 57 cents beat the consensus of 56 cents. The stock price declined after the print.
The gross margin increased 43 bps to 7.1%.
The adjusted operating margin improved by 120 bps to 5.4%.
Outlook: Flex expects fiscal first quarter 2025 revenue of $5.6 billion &#8211; $6.2 billion against $6.17 billion analyst consensus estimate and adjusted EPS of 37 cents &#8211; 45 cents versus 54 cents analyst consensus estimate.
The company projects fiscal 2025 revenue of&nbsp;$25.4 billion&nbsp;&#8211;&nbsp;$26.4 billion against $26.27 billion analyst consensus estimate and adjusted EPS of $2.30&nbsp;&#8211;&nbsp;$2.50 versus $2.47 analyst consensus estimate.
Analysts consider Flex to be <a href="https://www.benzinga.com/news/earnings/24/04/38469584/microsoft-alphabet-and-metas-raised-ai-capex-outlook-could-benefit-these-jpmorgan-stock-picks" target="_blank" rel="noreferrer noopener">an AI beneficiary stock pick</a>. Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are splurging on artificial intelligence tech. And Flex <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38493597/bofa-says-these-4-companies-could-benefit-from-the-next-apple-product-cycle" target="_blank" rel="noreferrer noopener">is expected to gain</a> from the next Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) product cycle.
Flex stock gained 89% in the last 12 months. Investors can gain exposure to the stock via Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and SPDR Portfolio Developed World Ex-US ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPDW#NYSE">SPDW</a>).
Now Read: <a href="https://www.benzinga.com/general/biotech/24/05/38554472/setback-for-novo-nordisk-denmark-shifts-prescription-guidelines-favoring-cost-effective-alternati">Setback For Novo Nordisk? Denmark Shifts Prescription Guidelines, Favoring Cost-Effective Alternatives For Ozempic</a>

AI Beneficiary Flex Stock Declines After Q4 Print, What's Going On?

Flex shares are trading lower after the company reported Q4 financial results and issued guidance.

Flex Sees FY25 Adj. EPS $2.30-$2.50 Vs $2.47 Est.; Revenue $25.4B-$26.4B Vs $26.266B

Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.56 by 1.79 percent. The company reported quarterly sales of $6.169 billion which beat the analyst consensus estimate of $6.107 billion by 1.02 percent. This is a 17.49 percent decrease over sales of $7.477 billion the same period last year.

Earnings Beats

Flex Q4 2024 Adj EPS $0.57 Beats $0.56 Estimate, Sales $6.169B Beat $6.107B Estimate

Flex's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NYSE">FLEX</a>) short percent of float has risen 19.67% since its last report. The company recently reported that it has 8.02 million shares sold short, which is 2.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.94 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Flex Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714489218_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Flex has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Flex's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Flex's peer group average for short interest as a percentage of float is 2.53%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Flex's Recent Short Interest

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) recently released a list of its top suppliers for materials, manufacturing and assembly of its products which showed that China remains a key manufacturing base and India is <a href="https://www.benzinga.com/news/24/04/38480983/giant-leap-for-apple-new-leak-of-iphone-16-lineup-confirms-recent-rumors-about-screen-sizes-and-came">ramping up production as well</a>.
Why It Matters:&nbsp;
BofA Securities released a research note based on the list of Apple's suppliers which named companies that could potentially benefit from an Apple product cycle.&nbsp;
BofA named electronics manufacturers Jabil, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) and Flex, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) as potential beneficiaries and noted Apple accounted for 17% of Jabil's revenue in 2023.&nbsp;
Amphenol Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) provides connectors and antennas for the iPhone, and BofA estimates Apple accounts for single-digit revenue at Amphenol. BofA also noted glass maker Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) remained on Apple's 2023 supplier list.&nbsp;
Related News:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38491219/apple-and-tesla-only-two-companies-able-to-thread-the-needle-in-terms-of-china-us-s">Apple And Tesla &#8216;Only Two Companies Able To Thread The Needle In Terms Of China-US&#8217;, Says Top Analyst After Tim Cook And Elon Musk&#8217;s Recent China Visits</a>
The firm maintained its Buy rating on Apple with a $225 price target highlighting higher growth in Services revenue and continuing capital returns. BofA also expects a strong iPhone upgrade cycle in 2025 driven by the need for the latest hardware in order to enable generative-AI features.&nbsp;
AAPL, JBL, FLEX, APH, GLW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Apple shares are up 3.24% at $174.75, Jabil shares are down 0.66% at $117.49, Flex shares are up 0.16% at $29.02, Amphenol shares are up 0.86% at $121.53 and Corning shares are up 0.85% at $31.60 at the time of publication Monday.
Image: Courtesy of Apple, Inc.

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have each made significant strides in cloud capital expenditure (capex) and <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence (AI) investments</a>.
According to a JPMorgan research <a href="https://markets.jpmorgan.com/research/email/scx/-nka2cu4/M4YCOaXxRlzdNFK2dZZFvQ/GPS-4685179-0">report</a>, these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NASDAQ">ANET</a>), Coherent Corp (COHR), Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Lumentum Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>). 
The firm noted that alternative AI beneficiary picks include Flex Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) and Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>).
Also Read: <a href="https://www.benzinga.com/news/earnings/24/04/38461410/meta-actually-has-major-profit-margins-unlike-tesla-redditor-reacts-to-stock-drop-following-q1-earn">&#8216;Meta Actually Has Major Profit Margins Unlike Tesla&#8217;: Redditor Reacts To Stock Drop Following Q1 Earnings</a>
Both Microsoft and Alphabet have reported substantial increases in their cloud capex, exceeding market expectations and focusing on expanding AI infrastructure. 
The aggregate capex for both companies is more than 20% above consensus estimates, indicating a strong commitment to AI investment.
JPMorgan has reiterated its preference for AI-levered names, including Arista, Coherent, Dell, Lumentum, Flex and Jabil. These companies are expected to benefit from the increased investments in AI infrastructure by the top cloud service providers (CSPs).
And Microsoft, Alphabet, and Meta are expected to lead to a strong year for data center capex. 
Industry growth forecasts for data center investments from the top CSPs are now tracking in the mid-teens range for 2024, up from previous expectations of around 10%. 
This growth is expected to outpace the increase seen in 2023, although it will still be below the levels seen in 2022.
<h3 class="wp-block-heading">Bullish On AI Beneficiaries</h3>
The focus on AI infrastructure by these tech giants is seen as a positive sign for the AI sector as a whole. It should lead to significant gains for AI-levered stocks in the coming year.
Investors in artificial intelligence-focused ETFs such as the Global X Robotics &amp; Artificial Intelligence ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NYSE">BOTZ</a>), the Global X Artificial Intelligence &amp; Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NYSE">AIQ</a>) and the ROBO Global Robotics &amp; Automation Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROBO#NYSE">ROBO</a>) should also see greener days ahead.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38459367/google-copy-pasted-what-meta-did-last-quarter-redditor-on-q1-earnings">Google &#8216;Copy Pasted What META Did Last Quarter,&#8217; Redditor On Q1 Earnings</a>

Microsoft, Alphabet And Meta's Raised AI Capex Outlook Could Benefit These JPMorgan Stock Picks

JP Morgan analyst Samik Chatterjee maintains Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) with a Overweight and raises the price target from $32 to $34.

JP Morgan Maintains Overweight on Flex, Raises Price Target to $34

Revealing a significant insider sell on March 14, Daniel Wendler, Chief Accounting Officer at Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>), as per the latest SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000866374/000162828024011045//Archives/edgar/data/866374/000162828024011045/0001628280-24-011045-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Wendler sold 1,860 shares of Flex. The total transaction amounted to $53,728. 
Flex shares are trading up 0.14% at $28.79 at the time of this writing on Thursday morning.
<h3>About Flex</h3>
Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.
<h3>Financial Insights: Flex</h3>
Negative Revenue Trend: Examining Flex's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -8.42% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 9.04%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Flex's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.46.
</li>
</ul>
Debt Management: Flex's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.66, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 17.11 is lower than the industry average, implying a discounted valuation for Flex's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.44, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 7.28, Flex's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Transaction Codes To Focus On</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000866374">Check Out The Full List Of Flex's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Unloading: Daniel Wendler Sells $53K Worth Of Flex Shares

Goldman Sachs analyst Mark Delaney maintains Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) with a Buy and raises the price target from $29 to $37.

Goldman Sachs Maintains Buy on Flex, Raises Price Target to $37

The Nasdaq 100 closed higher by around 3% on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Macerich </h3>
<ul>
<li>The Trade: The Macerich Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mac#NYSE">MAC</a>) President Edward C Coppola <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 50,000 shares </a> at an average price of $17.20. The insider received over $860,045 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 7, Macerich posted in-line quarterly earnings.</li>
<li>What Macerich Does: The Macerich Company is an S&amp;P 500 company that invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and 16 regional malls in its unconsolidated portfolio along with four power centers and seven other real estate assets.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Flex</h3>
<ul>
<li>The Trade: Flex Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) EVP, General Counsel David Scott Offer <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 150,000 shares </a> at an average price of $27.46. The insider received around $4.12 million from selling those shares.</li>
<li>What&rsquo;s Happening: On Jan. 31, Flex reported better-than-expected third-quarter financial results.</li>
<li>What Flex Does: Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies.</li>
</ul>
<h3>eBay </h3>
<ul>
<li>The Trade: eBay Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) SVP, Chief Product Officer Edward O Garcia <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,165 shares </a> at an average price of $43.03. The insider received around $50,130 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 15, eBay announced the appointment of Zane Rowe to its Board of Directors.</li>
<li>What eBay Does: EBay operates one of the largest e-commerce marketplaces in the world, with $74 billion in 2022 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company.</li>
</ul>
<h3>Alphabet </h3>
<ul>
<li>The Trade: Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) CEO Sundar Pichai <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 22,500 shares </a> at an average price of $143.08. The insider received around $3.2 million from selling those shares.</li>
<li>What&rsquo;s Happening: Alphabet&rsquo;s Google has put a temporary halt on its Gemini AI&rsquo;s ability to generate images of people after inaccuracies in the representation of historical figures were discovered.</li>
<li>What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google&#39;s other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue.</li>
</ul>
&nbsp;
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Pre-Market Outlook

Markets

EBAY

eBay, Alphabet And 2 Other Stocks Insiders Are Selling

Flex shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 and FY24 guidance.

Fiscal year 2024&nbsp;guidance&nbsp;includes Flex&#39;s economic interest in&nbsp;Nextracker for&nbsp;Q1&nbsp;through&nbsp;Q3&nbsp;FY24, and excludes it from&nbsp;Q4&nbsp;FY24, which reflects the&nbsp;January 2, 2024&nbsp;spin-off of all of Flex&#39;s remaining interest in Nextracker.&nbsp;Core Flex represents Flex, excluding Flex&#39;s economic interest in&nbsp;Nextracker for the entire FY2024.
<ul>
</ul>

Flex Expects FY24 Revenue Of $27.7B-$28.3B, Adjusted EPS Of $2.47-$2.57; Core Flex Revenue Of $26B-$26.6B, Core Flex Adjusted EPS $2.07-$2.17

Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) reported its Q3 earnings results on Wednesday, January 31, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Flex beat estimated earnings by 16.39%, reporting an EPS of $0.71 versus an estimate of $0.61.
Revenue was down $653.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.1 which was followed by a 10.98% increase in the share price the next day.
Here's a look at Flex's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.58</td>
<td>0.51</td>
<td>0.51</td>
<td>0.55</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.68</td>
<td>0.57</td>
<td>0.57</td>
<td>0.62</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>7.52B</td>
<td>7.28B</td>
<td>7.21B</td>
<td>6.89B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>7.47B</td>
<td>7.34B</td>
<td>7.48B</td>
<td>7.76B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Flex <a href="https://www.benzinga.com/quote/FLEX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Flex: Q3 Earnings Insights

Fourth quarter&nbsp;FY24&nbsp;guidance&nbsp;excludes Flex&#39;s&nbsp;51.47%&nbsp;economic interest in Nextracker, which reflects the&nbsp;January 2, 2024&nbsp;spin-off of all of Flex&#39;s remaining interest in Nextracker.
<ul>
</ul>

Flex Expects Q4 Revenue Of $5.8B-$6.4B, Est $6.815B; Adjusted EPS $0.50-$0.60, Est $0.66

Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) reported quarterly Adj earnings of $0.71 per share which beat the analyst consensus estimate of $0.61 by 16.39 percent. This is a 14.52 percent increase over earnings of $0.62 per share from the same period last year. The company reported quarterly sales of $7.10 billion which beat the analyst consensus estimate of $6.72 billion by 5.70 percent. This is a 8.42 percent decrease over sales of $7.76 billion the same period last year.

Flex Q3 Adj EPS $0.71 Beats $0.61 Estimate, Sales $7.10B Beat $6.72B Estimate

Flex Q4 2024 Earnings Preview

Flex beats top-line and bottom-line estimates; initiates Q1 and FY25 outlook

The latest update is out from Flex Ltd (FLEX). In an effort to enhance operational efficiency, a company has announced a restructuring plan aimed a...

Flex Ltd Announces Restructuring and Board Chair Transition

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Flex (NASDAQ:<a href="https://investorplace.com/stock-quotes/flex-stock-quote/">FLEX</a>) just reported results for the fourth quarter of 2024.<ul><li>Flex reported earnings per share of 57 cents. This was above the analyst estimate for EPS of 55 cents.</li><li>The company reported revenue of $6.17 billion.</li><li>This was 1.13% better than the analyst estimate for revenue of $6.10 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/flex-stock-earnings-flex-for-q4-of-2024/">FLEX Stock Earnings: Flex Beats EPS, Beats Revenue for Q4 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

FLEX Stock Earnings: Flex Beats EPS, Beats Revenue for Q4 2024

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Barclays Sticks to Their Buy Rating for Flex (FLEX)

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Flex Stock (NASDAQ:FLEX), Short Interest Report

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