Key Points
- Flex insider Michael Hartung sold 7,269 shares on June 18 at an average price of $145.22, totaling about $1.06 million. The filing says the sale was made to cover tax withholding obligations tied to vested equity awards.
- The sale reduced Hartung’s stake by 2.87%, but he still held 245,930 shares afterward, valued at roughly $35.7 million.
- Flex is drawing broader investor attention as it is set to join the S&P 500, while institutional ownership remains high at 94.3% and analysts currently rate the stock a “Moderate Buy.”
Flex Ltd. (NASDAQ:FLEX - Get Free Report) CAO Daniel Wendler sold 1,311 shares of the business's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.20, for a total value of $190,357.20. Following the transaction, the chief accounting officer directly owned 37,932 shares of the company's stock, valued at $5,507,726.40. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Daniel Wendler also recently made the following trade(s):
- On Wednesday, June 17th, Daniel Wendler sold 3,890 shares of Flex stock. The shares were sold at an average price of $144.47, for a total value of $561,988.30.
- On Monday, June 15th, Daniel Wendler sold 1,579 shares of Flex stock. The shares were sold at an average price of $147.64, for a total value of $233,123.56.
- On Monday, May 11th, Daniel Wendler sold 3,819 shares of Flex stock. The stock was sold at an average price of $142.39, for a total value of $543,787.41.
Flex Stock Up 5.6%
FLEX stock opened at $155.81 on Tuesday. The firm has a 50-day moving average price of $125.25 and a 200-day moving average price of $85.91. Flex Ltd. has a 12 month low of $45.31 and a 12 month high of $166.86. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $57.09 billion, a P/E ratio of 66.87, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63.
Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. The company had revenue of $7.48 billion for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. As a group, equities research analysts anticipate that Flex Ltd. will post 4.15 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on FLEX. The Goldman Sachs Group raised their price objective on Flex from $84.00 to $177.00 and gave the company a "buy" 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. Zacks Research upgraded Flex from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 13th. KeyCorp boosted their price target on Flex from $75.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective on Flex from $75.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $115.70.
Read Our Latest Stock Report on FLEX
Institutional Trading of Flex
Institutional investors and hedge funds have recently bought and sold shares of the stock. USA Financial Formulas bought a new stake in Flex in the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its position in shares of Flex by 57.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company's stock worth $28,000 after buying an additional 166 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Flex during the 4th quarter worth approximately $28,000. Gables Capital Management Inc. bought a new stake in shares of Flex in the 4th quarter valued at $42,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Flex by 6,318.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company's stock valued at $43,000 after acquiring an additional 695 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Flex
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Flex is set to join the S&P 500 Index effective before the open on June 22, a development that often supports shares by bringing in passive investment flows and boosting visibility with large-cap investors. Flex Ltd. (FLEX) to Join S&P 500 Index on June 22
- Neutral Sentiment: The company reported multiple insider sales by CEO Revathi Advaithi, COO Kwang Hooi Tan, EVP David Scott Offer, CAO Daniel Wendler, and insider Michael P. Hartung. The filings note these trades were made under pre-arranged Rule 10b5-1 plans and to cover tax withholding from vested equity awards, which makes them less concerning than discretionary selling.
- Neutral Sentiment: One unrelated news item referenced “flex-fuel” Hyundai cars in India, but it does not appear to be related to Flex Ltd. and is unlikely to affect the stock. 5 Hyundai Cars Likely To Get Flex-Fuel Engine In India In 2026
Flex Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
