EU and US could reach trade deal this weekend - Reuters
David Scott Offer, EVP, General Counsel at FLEX LTD (NASDAQ:FLEX), sold 6,887 shares of the company’s stock on June 17, 2025. The sales were executed in two transactions, with prices ranging from $44.9741 to $45.7047, for a total value of approximately $310,004. The transaction comes as FLEX, a $17.2 billion market cap company, trades near its 52-week high of $46.90, having delivered an impressive 50% return over the past year.
Specifically, Offer sold 6,521 shares at a weighted average price of $44.9741, with individual sales prices ranging from $44.579 to $45.48. He then sold an additional 366 shares at a weighted average price of $45.7047, with prices ranging from $45.598 to $45.75. According to InvestingPro analysis, the stock’s technical indicators suggest it’s currently in overbought territory.
Following these transactions, Offer directly owns 148,643 shares of FLEX LTD. This includes 18,768 unvested Restricted Share Units (RSUs) that will vest in two equal annual installments beginning on June 12, 2026, 20,071 unvested RSUs vesting in three equal annual installments beginning June 12, 2026, and 14,574 unvested RSUs vesting on June 14, 2026. Offer also indirectly owns 61,242 shares through a trust.
The sales reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units.
In other recent news, Flex Ltd. reported its fourth-quarter earnings for 2025, surpassing Wall Street expectations with an earnings per share (EPS) of $0.73, compared to the forecast of $0.70. The company also reported revenue of $6.4 billion, exceeding the anticipated $6.24 billion. Despite these positive results, Flex’s stock experienced a decline in pre-market trading, possibly due to broader market sentiment. Fitch Ratings upgraded Flex Ltd.’s outlook from Stable to Positive, maintaining a ’BBB-’ rating, attributing the change to Flex’s improved financial profile and profitability.
Additionally, analysts at KeyBanc raised their price target for Flextronics stock to $50, highlighting the company’s strategic initiatives 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. The company is projecting a mid-30% growth rate for fiscal 2026 in this segment. In a strategic move, Flex has doubled its European footprint to meet the increasing demand for AI-driven data center power solutions, acquiring a new manufacturing site in Bielsko-Biała, Poland.
Meanwhile, Nextracker Inc. announced the addition of three energy sector veterans to its Board of Directors, enhancing the company’s expertise in policy, regulation, and corporate governance. These developments mark significant strides for both companies as they continue to navigate and capitalize on opportunities in their respective markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.