Michael Hartung Sells 7,269 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) insider Michael Hartung sold 7,269 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $145.22, for a total transaction of $1,055,604.18. Following the sale, the insider owned 245,930 shares of the company’s stock, valued at $35,713,954.60. This trade represents a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flex Price Performance

NASDAQ:FLEX opened at $151.85 on Wednesday. The firm has a market cap of $55.63 billion, a PE ratio of 65.17, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The company’s 50-day moving average price is $126.76 and its two-hundred day moving average price 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. Flex Ltd. has a 12 month low of $46.64 and a 12 month high of $166.86.

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

Analyst Ratings Changes

Several research firms have weighed in on FLEX. Barclays raised their price objective 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 price target on shares of Flex in a research note on Thursday, May 7th. The Goldman Sachs Group raised 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. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.70.

Key Headlines 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

Institutional Inflows and Outflows

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

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.