22 stories mentioning FLEXUpdated 14d ago
Every FINWIRES story that references FLEX, newest first.
Flex (FLEX) has an average rating of buy and mean price target of $173, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $123.44, Change: $-5.29, Percent Change: -4.11%
Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 4.4%.The Philadelphia Semiconductor Index climbed 3.3%.In corporate news, Meta Platforms (META) is aiming to start the production of AI chips from September, amid plans to increase its computing capacity to 14 gigawatts next year, Reuters reported, citing an internal memo. Meta shares rose 3.8%.Micron Technology (MU) shares jumped nearly 5.2% after the firm said Thursday it plans to invest up to $3 billion in the US semiconductor supply chain.Flex (FLEX) and Cerebras Systems (CBRS) said they are expanding their manufacturing partnership to boost production of Cerebras' CS-3 AI accelerator systems, at Flex plants in Milpitas, California. Flex shares gained past 6%, and Cerebras surged 10%.Applied Materials (AMAT) is seeing stronger long-term visibility into semiconductor equipment demand as major chipmakers share production plans extending well beyond 2027, Nikkei Asia reported, citing CEO Gary Dickerson. The stock rose more than 3%.
Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 5.5%. The Philadelphia Semiconductor Index climbed 4.8%.In corporate news, Micron Technology (MU) shares jumped nearly 8% after the firm said Thursday it plans to invest up to $3 billion in the US semiconductor supply chain.Flex (FLEX) and Cerebras Systems (CBRS) said they are expanding their manufacturing partnership to boost production of Cerebras' CS-3 AI accelerator systems, at Flex plants in Milpitas, California. Flex shares gained past 7%, and Cerebras surged 10%.Applied Materials (AMAT) is seeing stronger long-term visibility into semiconductor equipment demand as major chipmakers share production plans extending well beyond 2027, Nikkei Asia reported, citing CEO Gary Dickerson. Shares rose over 6%.
Flex (FLEX) and Cerebras Systems (CBRS) said Thursday they have expanded their manufacturing partnership to boost production of Cerebras' CS-3 AI accelerator systems, at Flex plants in Milpitas, California.The move is expected to increase CS-3 production capacity by about 7 times this year, backed by new production lines and additional floor space, the companies said.Financial details were not provided.Flex shares were up past 6% in Thursday trading, and Cerebras rose 4.7%.Price: $142.50, Change: $+9.13, Percent Change: +6.84%
Kwang Hooi Tan, Chief Operating Officer, on June 17, 2026, sold 35,638 shares in Flex (FLEX) for $5,155,339. Following the Form 4 filing with the SEC, Tan has control over a total of 248,546 ordinary shares of the company, with 248,546 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000192960926000012/xslF345X05/wk-form4_1782176046.xml
Revathi Advaithi, Director, Chief Executive Officer, on June 17, 2026, sold 237,067 shares in Flex (FLEX) for $34,247,159. Following the Form 4 filing with the SEC, Advaithi has control over a total of 1,399,540 ordinary shares of the company, with 584,278 shares held directly and 815,262 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000164910126000009/xslF345X05/wk-form4_1782175968.xml
Kwang Hooi Tan, Chief Operating Officer, on June 15, 2026, sold 10,540 shares in Flex (FLEX) for $1,560,134. Following the Form 4 filing with the SEC, Tan has control over a total of 284,184 ordinary shares of the company, with 284,184 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000192960926000010/xslF345X05/wk-form4_1781743968.xml
Michael P Hartung, Chief Commercial Officer, on June 15, 2026, sold 8,203 shares in Flex (FLEX) for $1,214,097. Following the Form 4 filing with the SEC, Hartung has control over a total of 275,826 ordinary shares of the company, with 275,826 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000182026326000006/xslF345X05/wk-form4_1781744019.xml
David Scott Offer, Executive Vice President, General Counsel, on June 05, 2026, sold 33,000 shares in Flex (FLEX) for $5,078,921. Following the Form 4 filing with the SEC, Offer has control over a total of 148,397 ordinary shares of the company, with 74,926 shares held directly and 73,471 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000150443026000004/xslF345X05/wk-form4_1780706404.xml
Kwang Hooi Tan, Chief Operating Officer, on May 26, 2026, sold 17,500 shares in Flex (FLEX) for $2,378,775. Following the Form 4 filing with the SEC, Tan has control over a total of 238,543 ordinary shares of the company, with 238,543 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000192960926000006/xslF345X05/wk-form4_1779841441.xml
Revathi Advaithi, Director, Chief Executive Officer, on May 22, 2026, sold 83,500 shares in Flex (FLEX) for $11,094,618. Following the Form 4 filing with the SEC, Advaithi has control over a total of 1,420,784 ordinary shares of the company, with 605,522 shares held directly and 815,262 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000164910126000005/xslF345X05/wk-form4_1779841267.xml
Michael P Hartung, Chief Commercial Officer, on May 08, 2026, sold 22,216 shares in Flex (FLEX) for $3,163,026. Following the Form 4 filing with the SEC, Hartung has control over a total of 232,706 ordinary shares of the company, with 232,706 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000182026326000002/xslF345X05/wk-form4_1778637031.xml
David Scott Offer, Executive Vice President and General Counsel, on May 08, 2026, sold 22,212 shares in Flex (FLEX) for $3,163,078. Following the Form 4 filing with the SEC, Offer has control over a total of 181,397 ordinary shares of the company, with 74,926 shares held directly and 106,471 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000150443026000002/xslF345X05/wk-form4_1778637061.xml
Kwang Hooi Tan, Chief Operating Officer, on May 08, 2026, sold 26,175 shares in Flex (FLEX) for $3,726,490. Following the Form 4 filing with the SEC, Tan has control over a total of 256,043 ordinary shares of the company, with 256,043 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000192960926000004/xslF345X05/wk-form4_1778637091.xml
Daniel Wendler, Chief Accounting Officer, on May 08, 2026, sold 3,819 shares in Flex (FLEX) for $543,791. Following the Form 4 filing with the SEC, Wendler has control over a total of 33,516 ordinary shares of the company, with 33,516 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000191619426000002/xslF345X05/wk-form4_1778637119.xml
Erin McSweeney, Director, on May 12, 2026, sold 2,500 shares in Flex (FLEX) for $341,485. Following the Form 4 filing with the SEC, McSweeney has control over a total of 14,512 ordinary shares of the company, with 14,512 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000164532526000002/xslF345X05/wk-form4_1778637158.xml
Charles K. Stevens III, Director, on May 08, 2026, sold 15,000 shares in Flex (FLEX) for $2,072,100. Following the Form 4 filing with the SEC, Stevens has control over a total of 45,426 ordinary shares of the company, with 45,426 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000159714926000004/xslF345X05/wk-form4_1778287704.xml
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target from $86 to $156, on a P/E of 25x our FY 28 estimate, above the three-year historical average of 14x to reflect the explosive CPI growth tied to AI infrastructure and margin execution a full year ahead of schedule. After posting a strong Q4 FY 26 and blowout FY 27 guidance, we lift our FY 27 EPS from $3.90 to $4.21 and initiate FY 28's at $6.24. FLEX guided for FY 27 revenue growth of 18% Y/Y, well ahead of the consensus view of 7%, due to CPI segment guidance of 65%-75% growth. We like the strategic separation creating two distinct investment profiles, with SpinCo as a pure-play AI infrastructure growth vehicle and RemainCo as a margin-focused advanced manufacturing business. CPI's grid-to-chip integrated solution addresses critical data center power bottlenecks, underpinned by multiyear hyperscaler contracts and a fully-booked backlog supporting $10B+. While FLEX faces elevated capex in FY 27, we see continued strong cash generation providing flexibility.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FLEX delivered strong Q4 results with net sales of $7B+ (+17% Y/Y) and adjusted EPS of $0.93 (+27% Y/Y), above consensus, while full-year net sales reached ~$28B (+8% Y/Y) with record adjusted operating margin of 6.3%. The company achieved its sixth consecutive quarter with adjusted operating margin of 6%+ at 6.7% in Q4, demonstrating disciplined execution. FLEX announced plans to spin off its Cloud and Power Infrastructure segment into a public company by Q1 2027, which we believe will unlock value by creating two focused entities aligned with distinct strategic priorities. Management provided FY 27 guidance of $32.3B-$33.8B net sales (+18% at midpoint) and adjusted EPS of $4.21-$4.51 (+32% at midpoint), with projected adjusted operating margin of 7.0%-7.1%. We believe the Cloud and Power Infrastructure segment's exceptional 31% Y/Y growth to ~$2B validates the strategic pivot toward AI infrastructure, where FLEX benefits from secular hyperscaler capex tailwinds and exponential power density requirements.
Flex (FLEX) said Monday it has completed the acquisition of Electrical Power Products.The transaction strengthens Flex's Critical Power business by adding engineered-to-order electrical power control and protection capabilities for utilities, power generation companies, and data centers, the company said.The company agreed in late March to buy Electrical Power Products for about $1.1 billion in cash.Price: $92.17, Change: $+0.47, Percent Change: +0.51%
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