Daniel Wendler Sells 3,890 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) CAO Daniel Wendler sold 3,890 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $144.47, for a total value of $561,988.30. Following the completion of the sale, the chief accounting officer directly owned 39,243 shares in the company, valued at $5,669,436.21. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Daniel Wendler also recently made the following trade(s):

• On Thursday, June 18th, Daniel Wendler sold 1,311 shares of Flex stock. The shares were sold at an average price of $145.20, for a total transaction of $190,357.20.
• On Monday, June 15th, Daniel Wendler sold 1,579 shares of Flex stock. The stock was sold at an average price of $147.64, for a total transaction of $233,123.56.
• On Monday, May 11th, Daniel Wendler sold 3,819 shares of Flex stock. The stock was sold at an average price of $142.39, for a total value of $543,787.41.

Flex Price Performance

Shares of FLEX stock opened at $151.85 on Wednesday. The business’s fifty day moving average is $126.76 and its 200 day moving average is $86.56. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of 65.17, a PEG ratio of 0.82 and a beta of 1.64. Flex Ltd. has a twelve month low of $46.64 and a twelve month high of $166.86.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 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%. Research analysts expect that Flex Ltd. will post 4.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FLEX. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. 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. KeyCorp boosted their price target on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, The Goldman Sachs Group lifted their price objective on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.70.

Institutional Trading of Flex

Institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised 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 worth $84,714,000 after buying an additional 109,992 shares during the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Flex during the first quarter valued at approximately $4,949,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Flex during the first quarter valued at approximately $446,000. Western Wealth Management LLC bought a new stake in shares of Flex during the first quarter valued at approximately $65,000. Finally, Intrinsic Edge Capital Management LLC purchased a new position in Flex in the 1st quarter worth approximately $5,891,000. 94.30% of the stock is currently owned by institutional investors.

More 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

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.