David Scott Offer Sells 20,812 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) EVP David Scott Offer sold 20,812 shares of Flex stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $144.47, for a total value of $3,006,709.64. Following the completion of the transaction, the executive vice president owned 97,779 shares of the company’s stock, valued at approximately $14,126,132.13. This trade represents a 17.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

David Scott Offer also recently made the following trade(s):

• On Thursday, June 18th, David Scott Offer sold 6,657 shares of Flex stock. The stock was sold at an average price of $145.23, for a total value of $966,796.11.
• On Tuesday, June 16th, David Scott Offer sold 18,750 shares of Flex stock. The shares were sold at an average price of $147.91, for a total value of $2,773,312.50.
• On Monday, June 15th, David Scott Offer sold 7,223 shares of Flex stock. The stock was sold at an average price of $148.01, for a total value of $1,069,076.23.
• On Friday, June 5th, David Scott Offer sold 33,000 shares of Flex stock. The shares were sold at an average price of $153.91, for a total transaction of $5,079,030.00.
• On Monday, May 11th, David Scott Offer sold 22,212 shares of Flex stock. The stock was sold at an average price of $142.40, for a total transaction of $3,162,988.80.

Flex Trading Down 2.5%

NASDAQ FLEX opened at $151.85 on Wednesday. Flex Ltd. has a 52 week low of $46.64 and a 52 week high of $166.86. The firm has a 50 day moving average of $126.76 and a two-hundred day moving average of $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 capitalization 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.

Flex (NASDAQ:FLEX) last released 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 net margin of 3.15% and a return on equity of 22.12%. As a group, research analysts expect that Flex Ltd. will post 4.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in shares of Flex in the fourth quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Flex during the fourth quarter worth about $28,000. Parkside Financial Bank & Trust increased its position in Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Gables Capital Management Inc. purchased a new stake in Flex during the 4th quarter valued at approximately $42,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Flex by 6,318.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock worth $43,000 after acquiring an additional 695 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLEX has been the topic of a number of recent analyst reports. Zacks Research upgraded Flex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Stifel Nicolaus upped their target price on shares of Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. KeyCorp lifted their target price on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Robert W. Baird set a $165.00 price target on Flex in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.70.

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

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.