Flex (NASDAQ:FLEX) COO Kwang Hooi Tan Sells 26,657 Shares

Flex Ltd. (NASDAQ:FLEX) COO Kwang Hooi Tan sold 26,657 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $144.48, for a total value of $3,851,403.36. Following the transaction, the chief operating officer directly owned 257,527 shares in the company, valued at $37,207,500.96. The trade was a 9.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kwang Hooi Tan also recently made the following trade(s):

• On Thursday, June 18th, Kwang Hooi Tan sold 8,981 shares of Flex stock. The shares were sold at an average price of $145.19, for a total value of $1,303,951.39.
• On Monday, June 15th, Kwang Hooi Tan sold 10,540 shares of Flex stock. The stock was sold at an average price of $148.02, for a total transaction of $1,560,130.80.
• On Tuesday, May 26th, Kwang Hooi Tan sold 17,500 shares of Flex stock. The stock was sold at an average price of $135.93, for a total transaction of $2,378,775.00.
• On Monday, May 11th, Kwang Hooi Tan sold 26,175 shares of Flex stock. The shares were sold at an average price of $142.37, for a total transaction of $3,726,534.75.

Flex Price Performance

Shares of FLEX opened at $155.81 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. The company has a 50 day moving average price of $125.25 and a 200-day moving average price of $85.91. Flex Ltd. has a fifty-two week low of $45.31 and a fifty-two week high of $166.86. The stock has a market capitalization of $57.09 billion, a PE ratio of 66.87, a PEG ratio of 0.78 and a beta of 1.63.

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

Trending Headlines about 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

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Flex by 196.1% during the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after acquiring an additional 25,662,586 shares during the last quarter. State Street Corp raised its position in shares of Flex by 17.8% in the 4th quarter. State Street Corp now owns 14,055,533 shares of the technology company’s stock valued at $849,235,000 after purchasing an additional 2,126,440 shares during the last quarter. Geode Capital Management LLC boosted its stake in Flex by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock worth $459,829,000 after purchasing an additional 181,266 shares in the last quarter. Norges Bank purchased a new stake in Flex during the 4th quarter worth approximately $319,756,000. Finally, Polar Capital Holdings Plc increased its stake in Flex by 141.8% during the 4th quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock valued at $223,140,000 after purchasing an additional 2,165,780 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FLEX shares. Barclays upped their price objective on Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. increased their price target on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Stifel Nicolaus boosted their price objective on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. One equities 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.70.

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.