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

Flex Ltd. (NASDAQ:FLEX) CEO Revathi Advaithi sold 39,188 shares of Flex stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $145.18, for a total transaction of $5,689,313.84. Following the sale, the chief executive officer directly owned 584,278 shares in the company, valued at $84,825,480.04. The trade was a 6.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock was 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 shares were sold at an average price of $147.96, for a total value of $5,805,802.44.
• On Friday, May 22nd, Revathi Advaithi sold 83,500 shares of Flex stock. The stock was 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 Down 2.5%

FLEX opened at $151.85 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 52 week low of $46.64 and a 52 week high of $166.86. The stock has a market cap of $55.63 billion, a PE ratio of 65.17, a PEG ratio of 0.82 and a beta of 1.64. The business has a 50 day moving average of $126.76 and a 200-day moving average of $86.56.

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. The business 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%. Equities research analysts predict that Flex Ltd. will post 4.15 earnings per share for the current fiscal year.

Institutional Trading of Flex

Several institutional investors have recently bought and sold shares of FLEX. Vanguard Group Inc. increased its stake in 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 in the last quarter. State Street Corp lifted its stake in shares of Flex by 17.8% in the fourth quarter. State Street Corp now owns 14,055,533 shares of the technology company’s stock worth $849,235,000 after buying an additional 2,126,440 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Flex by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock valued at $459,829,000 after buying an additional 181,266 shares during the last quarter. Norges Bank bought a new stake in shares of Flex during the fourth quarter valued at approximately $319,756,000. Finally, Polar Capital Holdings Plc raised its holdings in Flex by 141.8% in the 4th quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock worth $223,140,000 after acquiring an additional 2,165,780 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FLEX. Barclays lifted their price target on shares of Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Robert W. Baird set a $165.00 target price on shares of Flex in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, The Goldman Sachs Group upped their price target on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.70.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex recently joined the S&P 500, which can attract passive index buying and improve visibility with institutional investors. Flex Ltd. (FLEX) to Join S&P 500 Index on June 22
• Neutral Sentiment: Multiple insiders, including CEO Revathi Advaithi, COO Kwang Hooi Tan, EVP David Scott Offer, CAO Daniel Wendler, and insider Michael P. Hartung, sold shares in recent filings. The company said the sales were tied to Rule 10b5-1 plans and tax withholding on vested equity awards, which reduces concern about negative fundamental news.
• Neutral Sentiment: One article mentioned “flex-fuel” Hyundai cars in India, but it does not appear 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.