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Director William D. Watkins of FLEX LTD. (NASDAQ:FLEX) sold 20,000 ordinary shares of the company on November 21, 2025, for a total of $1.09 million. The sale comes as FLEX, a prominent player in the Electronic Equipment industry with a market capitalization of $20.36 billion, has seen its stock price rise 33.42% over the past six months despite taking a 7.83% hit last week.
The shares were sold at a weighted average price of $54.5225, with individual sales prices ranging from $54.00 to $54.92. Following the transaction, Watkins directly owns 98,073 FLEX LTD. shares, including 6,718 unvested restricted share units. These RSUs vest fully just before the company’s 2026 annual general meeting.Interestingly, InvestingPro data shows that while this director is selling, management has been aggressively buying back shares. The stock currently trades at a P/E ratio of 24.09 and appears slightly undervalued according to InvestingPro’s Fair Value assessment. FLEX is one of 1,400+ US equities with a comprehensive Pro Research Report available, offering deeper insights into what drives this company’s performance.
In other recent news, Flex Ltd. reported its second-quarter earnings for fiscal year 2026, surpassing analyst expectations with an adjusted earnings per share of $0.79, compared to the forecasted $0.75. The company also exceeded revenue projections, reporting $6.8 billion against the anticipated $6.68 billion. Following this earnings announcement, KeyBanc Capital Markets raised its price target for Flex to $75.00, up from $70.00, while maintaining an Overweight rating, citing data center growth as a positive factor. Additionally, Flex deployed a rack-level liquid cooling solution at the Equinix Co-Innovation Facility in Ashburn, Virginia, showcasing both standalone and facility-integrated cooling capabilities.
Meanwhile, Nextracker Inc. announced its rebranding to Nextpower, signaling an expansion into power conversion and integrated energy technology solutions. The company plans to develop utility-scale power conversion systems, with initial shipments expected in 2026. This move aims to establish a comprehensive technology platform for utility-scale solar power plants. These developments reflect the company’s strategic shift beyond its traditional solar tracking systems.
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