Bullish indicating open at $55-$60, IPO prices at $37
Revathi Advaithi, CEO of Flex Ltd. (NASDAQ:FLEX), a $16.1 billion market cap electronic equipment manufacturer trading near its 52-week high of $45.10, recently executed significant stock transactions. On June 12, Advaithi sold 132,000 ordinary shares at a weighted average price of $43.705, generating approximately $5,769,060. The following day, she sold an additional 25,593 shares, netting around $1,112,793 at an average price of $43.4804. These sales were conducted as part of a Rule 10b5-1 trading plan and to cover tax obligations related to vested restricted share units (RSUs).
Additionally, Advaithi acquired 94,675 RSUs, which will vest in three annual installments beginning June 2026. Post-transactions, she retains ownership of 1,400,777 shares, including unvested RSUs scheduled to vest in upcoming years. According to InvestingPro analysis, FLEX currently trades near its Fair Value, with the stock delivering a strong 34.7% return over the past year. Subscribers can access 10+ additional ProTips and comprehensive financial metrics in the Pro Research Report.
In other recent news, Flex Ltd. has reported its fourth-quarter earnings for fiscal 2025, surpassing Wall Street expectations with an earnings per share (EPS) of $0.73, exceeding the forecast of $0.70. The company also achieved a revenue of $6.4 billion, which was higher than the anticipated $6.24 billion. Despite these positive earnings, Flex’s stock experienced a decline in pre-market trading, possibly due to broader market conditions. Additionally, Fitch Ratings has upgraded Flex Ltd.’s outlook from Stable to Positive, maintaining the company’s ’BBB-’ rating, citing Flex’s improved financial profile and profitability.
KeyBanc has raised its price target for Flextronics to $50, highlighting the company’s growth in the data center sector. Flextronics has reported approximately $4.8 billion in data center sales for fiscal 2025, marking a 50% year-over-year increase, and projects mid-30% growth for fiscal 2026. In line with its strategic initiatives, Flex has expanded its European operations to meet the rising demand for data center power solutions. This expansion includes a new manufacturing site in Poland, effectively doubling its power product capacity in Europe.
Flex’s strategic focus on high-growth areas such as data centers and cloud services has contributed significantly to its robust performance, as evidenced by record annual gross and operating margins. The company plans to continue leveraging its global footprint and competitive advantages to further enhance its market position. Analysts have expressed optimism about Flex’s ongoing transformation efforts, which aim to shift the company’s portfolio towards higher growth and higher margin opportunities.
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