Flex (NASDAQ:FLEX) EVP David Scott Offer Sells 20,812 Shares of Stock

Flex Ltd. (NASDAQ:FLEX) EVP David Scott Offer sold 20,812 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $144.47, for a total value of $3,006,709.64. Following the completion of the sale, the executive vice president directly owned 97,779 shares in the company, valued at approximately $14,126,132.13. The trade was a 17.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

David Scott Offer also recently made the following trade(s):

• On Thursday, June 18th, David Scott Offer sold 6,657 shares of Flex stock. The shares were sold at an average price of $145.23, for a total value of $966,796.11.
• On Tuesday, June 16th, David Scott Offer sold 18,750 shares of Flex stock. The shares were sold at an average price of $147.91, for a total transaction of $2,773,312.50.
• On Monday, June 15th, David Scott Offer sold 7,223 shares of Flex stock. The stock was sold at an average price of $148.01, for a total transaction of $1,069,076.23.
• On Friday, June 5th, David Scott Offer sold 33,000 shares of Flex stock. The shares were sold at an average price of $153.91, for a total transaction of $5,079,030.00.
• On Monday, May 11th, David Scott Offer sold 22,212 shares of Flex stock. The stock was sold at an average price of $142.40, for a total transaction of $3,162,988.80.

Flex Price Performance

Shares of FLEX opened at $155.81 on Tuesday. The stock has a market cap of $57.09 billion, a PE ratio of 66.87, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. Flex Ltd. has a fifty-two week low of $45.31 and a fifty-two week high of $166.86. The firm’s 50-day simple moving average is $125.25 and its two-hundred day simple moving average is $85.91.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. The firm had revenue of $7.48 billion during the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%. Analysts anticipate that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Flex News Roundup

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

Analysts Set New Price Targets

FLEX has been the subject of several research analyst reports. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. raised their target price on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Barclays boosted their price target on Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, Stifel Nicolaus raised their price objective on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, April 20th. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.70.

Hedge Funds Weigh In On Flex

Several institutional investors and hedge funds have recently bought and sold shares of FLEX. USA Financial Formulas bought a new position in shares of Flex during the 4th quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new position in Flex during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust lifted its holdings in Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. Gables Capital Management Inc. bought a new position in shares of Flex in the fourth quarter worth approximately $42,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Flex by 6,318.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock worth $43,000 after purchasing an additional 695 shares in the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

About Flex

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.