Flex falls 5% as investors await May 6 results and reassess recent EP² acquisition

Flex Ltd. (FLEX) is down 5.3% today. Here is some analysis on what might have caused this price movement.

Analysis: No single, clear company-specific headline appears to explain the move. The drop could be tied to positioning ahead of Flex’s scheduled fiscal Q4 and full-year FY2026 earnings release, alongside some profit-taking after recent strength and ongoing digestion of its announced EP² acquisition.

Details:

Flex said it plans to report fourth-quarter and full-year fiscal 2026 results on Wednesday, May 6, 2026, with a morning conference call scheduled the same day.

Flex announced a definitive agreement to acquire Electrical Power Products (EP²) in an all-cash transaction valued at about $1.1 billion, reflecting expected tax benefits that reduce the after-benefit cost to roughly $1.0 billion.

The company said the EP² deal is expected to be accretive to adjusted EPS in the first full fiscal year after the transaction closes, and it expects closing in the first quarter of fiscal year 2027 (subject to customary conditions).

Management has indicated it will further discuss the EP² acquisition on an upcoming earnings call, which may be contributing to near-term uncertainty around integration and financing expectations.

Sources:

Flex Investor Relations, PR Newswire, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FLEX Insider Trading Activity

$FLEX insiders have traded $FLEX stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.

Here’s a breakdown of recent trading of $FLEX stock by insiders over the last 6 months:

MICHAEL P HARTUNG (Chief Commercial Officer) has made 0 purchases and 8 sales selling 45,000 shares for an estimated $2,830,910.
KEVIN KRUMM (Chief Financial Officer) has made 0 purchases and 2 sales selling 21,406 shares for an estimated $1,310,646.
MICHAEL E. HURLSTON has made 0 purchases and 2 sales selling 20,000 shares for an estimated $1,141,692.
WILLIAM D WATKINS sold 20,000 shares for an estimated $1,090,450
KWANG HOOI TAN (Chief Operating Officer) sold 17,500 shares for an estimated $1,030,225
DANIEL WENDLER (Chief Accounting Officer) sold 10,000 shares for an estimated $719,700

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$FLEX Hedge Fund Activity

We have seen 330 institutional investors add shares of $FLEX stock to their portfolio, and 375 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VANGUARD GROUP INC added 25,662,586 shares (+196.1%) to their portfolio in Q4 2025, for an estimated $1,550,533,446
BLACKROCK, INC. added 6,928,851 shares (+16.0%) to their portfolio in Q4 2025, for an estimated $418,641,177
BOSTON PARTNERS removed 6,926,879 shares (-36.4%) from their portfolio in Q4 2025, for an estimated $418,522,029
ALLIANCEBERNSTEIN L.P. removed 4,347,444 shares (-59.4%) from their portfolio in Q4 2025, for an estimated $262,672,566
JANUS HENDERSON GROUP PLC removed 3,978,401 shares (-15.1%) from their portfolio in Q4 2025, for an estimated $240,374,988
FMR LLC removed 3,702,096 shares (-17.5%) from their portfolio in Q4 2025, for an estimated $223,680,640
PRIMECAP MANAGEMENT CO/CA/ removed 2,908,187 shares (-9.8%) from their portfolio in Q4 2025, for an estimated $175,712,658

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$FLEX Congressional Stock Trading

Members of Congress have traded $FLEX stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FLEX stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 03/27, 12/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$FLEX Price Targets

Multiple analysts have issued price targets for $FLEX recently. We have seen 6 analysts offer price targets for $FLEX in the last 6 months, with a median target of $73.0.

Here are some recent targets:

Ruben Roy from Stifel set a target price of $95.0 on 04/20/2026
Samik Chatterjee from JP Morgan set a target price of $84.0 on 04/16/2026
Luke Junk from Baird set a target price of $70.0 on 03/12/2026
George Wang from Barclays set a target price of $72.0 on 02/05/2026
Mark Delaney from Goldman Sachs set a target price of $74.0 on 12/09/2025
Omar Nokta from Jefferies set a target price of $23.0 on 11/12/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.