Flex (NASDAQ:FLEX) CAO Daniel Wendler Sells 1,311 Shares

Flex Ltd. (NASDAQ:FLEX) CAO Daniel Wendler sold 1,311 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $145.20, for a total transaction of $190,357.20. Following the sale, the chief accounting officer owned 37,932 shares of the company’s stock, valued at approximately $5,507,726.40. This represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $561,988.30.
• On Monday, June 15th, Daniel Wendler sold 1,579 shares of Flex stock. The stock was sold at an average price of $147.64, for a total transaction of $233,123.56.
• On Monday, May 11th, Daniel Wendler sold 3,819 shares of Flex stock. The shares were sold at an average price of $142.39, for a total value of $543,787.41.

Flex Price Performance

Shares of NASDAQ FLEX opened at $155.81 on Tuesday. The firm has a market cap 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. The business’s 50 day moving average is $125.25 and its 200-day moving average is $85.91. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 1-year low of $45.31 and a 1-year high of $166.86.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data 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%. Equities research analysts predict that Flex Ltd. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLEX has been the topic of a number of recent research reports. Robert W. Baird set a $165.00 price target on shares of Flex in a research report on Thursday, May 7th. Stifel Nicolaus increased their target price on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, KeyCorp boosted their price target on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.70.

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

Institutional Investors Weigh In On Flex

Several institutional investors and hedge funds have recently bought and sold shares of FLEX. USA Financial Formulas acquired a new stake in Flex during the fourth quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Flex in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust lifted its holdings 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 acquiring an additional 166 shares during the period. Gables Capital Management Inc. acquired a new stake in shares of Flex during the 4th quarter worth approximately $42,000. Finally, Caitong International Asset Management Co. Ltd boosted 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 worth $43,000 after acquiring an additional 695 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Company Profile

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.