Intel stock extends gains after report of possible U.S. government stake
In a recent transaction filed with the Securities and Exchange Commission, Revathi Advaithi, Chief Executive Officer of Flex Ltd. (NASDAQ:FLEX), sold 181,028 ordinary shares. The stock has shown remarkable strength, gaining nearly 35% over the past year and currently trading near its 52-week high of $45.10, according to InvestingPro data. The shares were sold at an average price of $42.91, amounting to a total transaction value of approximately $7.77 million. This sale was conducted to cover tax withholding obligations related to the vesting of performance-based restricted share units. While the CEO’s sale might raise eyebrows, InvestingPro analysis reveals management has been actively buying back shares, demonstrating confidence in the company’s prospects. The company maintains a GOOD financial health score, though technical indicators suggest the stock may be overbought. Following this transaction, Advaithi retains ownership of 1,463,695 shares, which include unvested restricted share units scheduled to vest in the coming years. Discover more insights about FLEX and access 12 additional exclusive ProTips with an InvestingPro subscription.
In other recent news, Flex Ltd reported its fourth-quarter earnings for 2025, surpassing Wall Street expectations with an earnings per share of $0.73, compared to the forecasted $0.70. The company also reported revenue of $6.4 billion, exceeding the anticipated $6.24 billion, marking a 4% year-over-year increase. Flex’s data center revenue grew by approximately 50% year-over-year, highlighting the company’s strategic focus on high-growth areas. Analysts at KeyBanc responded to these developments by raising the price target for Flex’s stock to $50 from $44, maintaining an Overweight rating, citing optimism in Flex’s ongoing transformation and strategic initiatives in the data center sector.
Additionally, Flex has significantly expanded its European operations to meet increasing demand for AI-driven data center power solutions. This expansion includes a new manufacturing site in Poland, which doubles its power product capacity in Europe. The company also opened a new facility in Dallas, Texas, and enhanced its Irish operations, reflecting a broader strategy to invest in critical power and data center technologies. Flex’s management has expressed confidence in maintaining robust growth, with a projected mid-30% increase in data center sales for fiscal year 2026.
These recent developments underscore Flex’s commitment to growth and strategic positioning in the data center market. The company’s expansion efforts and strategic acquisitions are aligned with the increasing demand for advanced power infrastructure solutions, driven by advancements in artificial intelligence technology.
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