Flex (NASDAQ:FLEX) Insider Michael Hartung Sells 2,755 Shares

Flex Ltd. (NASDAQ:FLEX) insider Michael Hartung sold 2,755 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the transaction, the insider owned 243,175 shares of the company’s stock, valued at $29,336,632. The trade was a 1.12% decrease in their position. The transaction was disclosed in a filing 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.

Flex Stock Down 2.4%

Shares of NASDAQ FLEX opened at $110.32 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.38 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $131.78 and a 200 day moving average price of $105.57. Flex Ltd. has a 52 week low of $48.98 and a 52 week high of $166.86. The stock has a market capitalization of $40.75 billion, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.67.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Friday, June 26th. The technology company reported $1.00 EPS for the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%.The business had revenue of $7.93 billion for the quarter. Equities research analysts anticipate that Flex Ltd. will post 4.27 EPS for the current fiscal year.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex is expanding its AI-infrastructure strategy through investments in power and cooling capabilities. The integrated platform could benefit from continued data-center and AI spending, supporting longer-term growth. Is Flex’s Integrated AI Infrastructure Model a Major Competitive Edge?
• Positive Sentiment: Recent analyst commentary continues to frame Flex and Celestica as beneficiaries of AI-infrastructure demand. However, the comparison also highlights that investors are weighing Flex’s growth prospects against its valuation. Flex vs. Celestica: Which AI Infrastructure Stock is the Better Buy?
• Neutral Sentiment: Insider Michael P. Hartung sold 2,755 shares worth approximately $332,000 to cover tax withholding tied to vested equity awards. The relatively small, tax-related transaction leaves him with about 243,175 shares, reducing its bearish significance. SEC Form 4 Filing
• Negative Sentiment: Investors appear focused on whether Flex’s fiscal 2027 revenue and adjusted EPS guidance provides enough upside after the stock’s substantial rally. Despite a quarterly earnings and revenue beat, the outlook may not have exceeded elevated expectations.
• Negative Sentiment: Uncertainty surrounding the planned spin-off of Flex’s cloud and power-infrastructure business and the related CEO transition is adding execution risk. Revathi Advaithi is expected to lead the new company, while Michael Hartung is slated to become CEO of the remaining Flex business. Flex slides as investors weigh post-earnings guidance and spin-off transition

Institutional Trading of Flex

Hedge funds have recently made changes to their positions in the stock. Frazier Financial Advisors LLC bought a new stake in Flex in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust raised its position in shares of Flex by 57.0% during 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 in the last quarter. Gables Capital Management Inc. bought a new position in Flex during the fourth quarter worth $42,000. Caitong International Asset Management Co. Ltd increased its stake in Flex by 6,318.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock valued at $43,000 after purchasing an additional 695 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Flex by 58.1% during the fourth quarter. CENTRAL TRUST Co now owns 797 shares of the technology company’s stock worth $48,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

Analyst Ratings Changes

FLEX has been the topic of a number of analyst reports. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Barclays lowered their target price on Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Raymond James Financial set a $170.00 price objective on shares of Flex and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Robert W. Baird set a $142.00 target price on shares of Flex in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and an average price target of $114.20.

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.