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

Flex Ltd. (NASDAQ:FLEX) COO Kwang Hooi Tan sold 26,657 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $144.48, for a total transaction of $3,851,403.36. Following the transaction, the chief operating officer owned 257,527 shares of the company’s stock, valued at approximately $37,207,500.96. The trade was a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was 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 shares were 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 shares were 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 value of $3,726,534.75.

Flex Trading Down 2.5%

FLEX stock opened at $151.85 on Wednesday. Flex Ltd. has a 1-year low of $46.64 and a 1-year 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 business’s 50 day moving average is $126.76 and its 200-day moving average is $86.56. The firm has a market cap of $55.63 billion, a P/E ratio of 65.17, a P/E/G ratio of 0.82 and a beta of 1.64.

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

Institutional Investors Weigh In On Flex

A number of institutional investors and hedge funds have recently modified their holdings of FLEX. Pacer Advisors Inc. lifted its holdings in Flex by 9.3% in the first quarter. Pacer Advisors Inc. now owns 1,294,132 shares of the technology company’s stock valued at $84,714,000 after buying an additional 109,992 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in Flex during the 1st quarter worth $4,949,000. Segall Bryant & Hamill LLC bought a new stake in shares of Flex during the 1st quarter valued at $446,000. Western Wealth Management LLC bought a new stake in shares of Flex during the 1st quarter valued at $65,000. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of Flex in the 1st quarter valued at $5,891,000. 94.30% of the stock is owned by institutional investors.

Key Flex News

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FLEX shares. The Goldman Sachs Group lifted their price target on shares of Flex from $84.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Robert W. Baird set a $165.00 price objective on Flex in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their target price on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. One 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.70.

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.