Flex Ltd. (NASDAQ:FLEX – Get Free Report) CEO Revathi Advaithi sold 114,090 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $142.37, for a total value of $16,242,993.30. Following the completion of the transaction, the chief executive officer owned 689,022 shares in the company, valued at approximately $98,096,062.14. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flex Trading Down 3.7%
Shares of NASDAQ:FLEX opened at $139.69 on Wednesday. The stock’s 50-day simple moving average is $79.15 and its two-hundred day simple moving average is $68.72. The stock has a market capitalization of $51.36 billion, a price-to-earnings ratio of 59.95 and a beta of 1.46. Flex Ltd. has a 52-week low of $40.15 and a 52-week high of $145.40. 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 (NASDAQ:FLEX – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.96 billion. Flex had a net margin of 3.15% and a return on equity of 22.12%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. Analysts expect that Flex Ltd. will post 3.31 EPS for the current year.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Flex
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Flex in the fourth quarter valued at about $260,000. Goldman Sachs Group Inc. raised its stake in Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after purchasing an additional 211,046 shares during the period. Empowered Funds LLC purchased a new position in Flex in the 1st quarter worth approximately $397,000. EverSource Wealth Advisors LLC grew its holdings in Flex by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock valued at $132,000 after buying an additional 1,031 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Flex by 92.4% in the second quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock worth $3,099,000 after buying an additional 29,821 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.
More Flex News
Here are the key news stories impacting Flex this week:
- Positive Sentiment: Flex CEO is publicly leaning into AI as a major growth driver, signaling that the company sees meaningful demand ahead from AI infrastructure and related hardware spending. Flex CEO bets big on AI
- Positive Sentiment: Reports that Flex may spin off its AI data center business suggest management could unlock value by separating a fast-growing segment from the rest of the company. Flex stock is surging. A planned AI data center spinoff could take it even higher.
- Neutral Sentiment: Short-interest data from mid-May appears unreliable or incomplete, so it does not provide a clear new signal for the stock.
- Neutral Sentiment: Broader commentary from other AI leaders and investors reinforces the strength of the AI theme, but it is indirect and not specific to Flex’s fundamentals. AMD CEO Lisa Su Says CPUs Will Match GPUs 1-to-1 in AI’s Next Phase
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.
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