Flex (NASDAQ:FLEX) CEO Revathi Advaithi Sells 197,879 Shares of Stock

Flex Ltd. (NASDAQ:FLEX) CEO Revathi Advaithi sold 197,879 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $144.32, for a total transaction of $28,557,897.28. Following the completion of the sale, the chief executive officer directly owned 623,466 shares in the company, valued at $89,978,613.12. This trade represents a 24.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Thursday, June 18th, Revathi Advaithi sold 39,188 shares of Flex stock. The stock was sold at an average price of $145.18, for a total transaction of $5,689,313.84.
• On Monday, June 15th, Revathi Advaithi sold 39,239 shares of Flex stock. The shares were 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 value 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 value of $16,242,993.30.

Flex Trading Up 5.6%

Shares of NASDAQ FLEX opened at $155.81 on Tuesday. Flex Ltd. has a twelve month low of $45.31 and a twelve 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 fifty day simple moving average of $125.25 and a 200-day simple moving average of $85.91. 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 posted its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm had revenue of $7.48 billion for the quarter. On average, equities analysts forecast that Flex Ltd. will post 4.15 earnings per share for the current year.

More Flex News

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FLEX shares. Robert W. Baird set a $165.00 price objective on shares of Flex in a research note 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 report on Monday, April 20th. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group boosted their price target on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Barclays increased their price objective on Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Flex has an average rating of “Moderate Buy” and a consensus price target of $115.70.

Institutional Trading of Flex

A number of large investors have recently made changes to their positions in FLEX. JSF Financial LLC lifted its stake in Flex by 0.6% in the first quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 115 shares during the last quarter. Glenview Trust Co increased its position in shares of Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after purchasing an additional 125 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Flex by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock valued at $522,000 after purchasing an additional 163 shares in the last quarter. Parkside Financial Bank & Trust lifted 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 purchasing an additional 166 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Flex by 7.9% during the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the technology company’s stock worth $159,000 after purchasing an additional 178 shares during 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.