Daniel Wendler Sells 1,311 Shares of Flex (NASDAQ:FLEX) Stock

Flex Ltd. (NASDAQ:FLEX) CAO Daniel Wendler sold 1,311 shares of Flex stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.20, for a total value of $190,357.20. Following the sale, the chief accounting officer owned 37,932 shares in the company, valued at $5,507,726.40. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Wednesday, June 17th, Daniel Wendler sold 3,890 shares of Flex stock. The shares were sold at an average price of $144.47, for a total value of $561,988.30.
• On Monday, June 15th, Daniel Wendler sold 1,579 shares of Flex stock. The shares were sold at an average price of $147.64, for a total value 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 NASDAQ:FLEX opened at $151.85 on Wednesday. The company has a market capitalization of $55.63 billion, a P/E 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 is $126.76 and its 200 day moving average is $86.56. 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 Ltd. has a fifty-two week low of $46.64 and a fifty-two week high of $166.86.

Flex (NASDAQ:FLEX) last posted 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%. On average, equities research analysts forecast that Flex Ltd. will post 4.15 earnings per share for the current year.

Institutional Trading of Flex

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Flex by 196.1% in the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock worth $2,341,053,000 after purchasing an additional 25,662,586 shares in the last quarter. State Street Corp grew its position in shares of Flex by 17.8% during the 4th quarter. State Street Corp now owns 14,055,533 shares of the technology company’s stock valued at $849,235,000 after purchasing an additional 2,126,440 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Flex by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock worth $459,829,000 after purchasing an additional 181,266 shares during the period. Norges Bank purchased a new stake in shares of Flex in the fourth quarter worth $319,756,000. Finally, Polar Capital Holdings Plc raised its position in shares of Flex by 141.8% in the fourth quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock worth $223,140,000 after buying an additional 2,165,780 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Trending Headlines about 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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FLEX shares. KeyCorp increased their price objective on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. The Goldman Sachs Group upped their price target on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Barclays lifted their price objective on Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, Robert W. Baird set a $165.00 price objective 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 given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.