Flex (NASDAQ:FLEX) CEO Revathi Advaithi Sells 39,188 Shares

Flex Ltd. (NASDAQ:FLEX) CEO Revathi Advaithi sold 39,188 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.18, for a total value of $5,689,313.84. Following the completion of the transaction, the chief executive officer owned 584,278 shares in the company, valued at approximately $84,825,480.04. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Revathi Advaithi also recently made the following trade(s):

• On Wednesday, June 17th, Revathi Advaithi sold 197,879 shares of Flex stock. The shares were sold at an average price of $144.32, for a total transaction of $28,557,897.28.
• On Monday, June 15th, Revathi Advaithi sold 39,239 shares of Flex stock. The stock was sold at an average price of $147.96, for a total transaction of $5,805,802.44.
• On Friday, May 22nd, Revathi Advaithi sold 83,500 shares of Flex stock. The shares were sold at an average price of $132.87, for a total transaction of $11,094,645.00.
• On Monday, May 11th, Revathi Advaithi sold 114,090 shares of Flex stock. The stock was sold at an average price of $142.37, for a total transaction of $16,242,993.30.

Flex Trading Up 5.6%

FLEX opened at $155.81 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. Flex Ltd. has a fifty-two week low of $45.31 and a fifty-two week high of $166.86. The firm has a market capitalization of $57.09 billion, a PE ratio of 66.87, a P/E/G ratio of 0.78 and a beta of 1.63. The company’s 50-day moving average is $125.25 and its 200 day moving average is $85.91.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. The business 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, research analysts predict that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus upped their price target on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Robert W. Baird set a $165.00 price objective on shares of Flex in a report on Thursday, May 7th. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Barclays increased their target price on shares of Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Finally, KeyCorp raised their price target on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FLEX. Vanguard Group Inc. raised its stake in shares of Flex by 196.1% during the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after purchasing an additional 25,662,586 shares during the period. Norges Bank purchased a new position in Flex during the 4th quarter valued at about $319,756,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Flex during the fourth quarter valued at about $2,497,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Flex by 12.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 173,277 shares of the technology company’s stock worth $10,469,000 after buying an additional 19,270 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Flex by 62.3% in the fourth quarter. Teacher Retirement System of Texas now owns 340,389 shares of the technology company’s stock valued at $20,566,000 after acquiring an additional 130,641 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Key Stories 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

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.