Bullish indicating open at $55-$60, IPO prices at $37
Daniel Wendler, the Chief Accounting Officer of Flex Ltd. (NASDAQ:FLEX), recently reported a sale of company shares. According to a filing with the Securities and Exchange Commission, Wendler sold 884 ordinary shares on June 13, 2025, at an average price of $43.52, generating a total of $38,471. The sale was made to cover tax obligations related to the vesting of restricted share units (RSUs). The transaction occurred as Flex shares trade near their 52-week high of $45.10, with the $16.1 billion market cap company maintaining a GOOD financial health score according to InvestingPro analysis.
The filing also disclosed that Wendler acquired 5,164 RSUs on June 12, 2025, which will vest in three equal annual installments starting June 12, 2026. Following these transactions, Wendler holds 48,864 shares directly, including several unvested RSUs scheduled to vest over the next few years. With a P/E ratio of 20.27 and trading near Fair Value levels, Flex has demonstrated strong returns over multiple timeframes. InvestingPro subscribers can access 10 additional ProTips and a comprehensive Research Report for deeper insights into this prominent electronic equipment manufacturer.
In other recent news, Flex Ltd. reported its fourth-quarter earnings for fiscal 2025, surpassing Wall Street expectations with an earnings per share (EPS) of $0.73, compared to the forecasted $0.70. The company also exceeded revenue projections, reporting $6.4 billion against the anticipated $6.24 billion, marking a 4% year-over-year increase. Analysts at KeyBanc have raised the price target for Flextronics stock to $50, citing the company’s strategic initiatives in the data center sector. This follows a reported 50% year-over-year increase in data center sales, reaching approximately $4.8 billion, with a projected mid-30% growth rate for fiscal 2026.
Fitch Ratings has upgraded Flex Ltd.’s outlook from Stable to Positive, maintaining its ’BBB-’ rating. This decision reflects Flex’s enhanced financial profile, characterized by consistent free cash flow and improved profitability. The company has also expanded its European operations by acquiring a new manufacturing site in Poland, effectively doubling its power product capacity in Europe. This expansion is part of Flex’s broader strategy to invest in critical power and data center technologies.
Furthermore, Flex has opened new facilities in Dallas, Texas, and Dundalk, Ireland, and acquired Crown Technical Systems and JetCool Technologies to broaden its product portfolio. These developments underscore Flex’s commitment to growth and its strategic focus on high-margin opportunities. The company’s global presence and strategic investments position it well to benefit from regionalization trends, particularly in the data center and power sectors.
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