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Michael P. Hartung, Chief Commercial Officer of Flex LTD. (NASDAQ:FLEX), a prominent player in the Electronic Equipment industry with a market capitalization of $17.2 billion, sold 6,887 shares of company stock on June 17, 2025, for approximately $310,013. The transaction comes as FLEX shares trade near their 52-week high of $46.90, having delivered a impressive 50% return over the past year.
The sales were executed in two transactions. The first involved 6,542 shares sold at a weighted average price of $44.9776, with individual prices ranging from $44.59 to $45.582. The second transaction involved 345 shares at a weighted average price of $45.7112, with prices ranging from $45.70 to $45.75.
In other recent news, Flex Ltd. reported its fourth-quarter 2025 earnings, surpassing analyst 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. Despite these positive results, Flex’s stock experienced a decline, which may reflect broader market sentiment. Additionally, Fitch Ratings upgraded Flex’s outlook from Stable to Positive, maintaining its ’BBB-’ rating, citing the company’s enhanced financial profile and improved profitability. Analysts at KeyBanc have raised the price target for Flextronics stock to $50, driven by growth in the data center sector. Flex has also expanded its European operations with a new manufacturing site in Poland, doubling its power product capacity to meet the rising demand for AI-driven data center solutions. Meanwhile, Nextracker announced the appointment of three new members to its Board of Directors, enhancing its expertise in policy, regulation, and corporate governance. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.