In a recent transaction, Charles K. Stevens III, a director at Flex Ltd. (NASDAQ:), sold 13,157 ordinary shares of the company on November 6. The shares were sold at a weighted average price of $38.69, resulting in a total transaction value of $509,075.
Following this sale, Stevens retains ownership of 55,713 shares, which includes 6,889 unvested restricted share units. These units are set to vest fully just before Flex Ltd.’s 2025 annual general meeting, granting Stevens the right to receive unrestricted shares upon vesting.
This transaction was reported in a Form 4 filing with the Securities and Exchange Commission, providing transparency into Stevens’ trading activities as part of his role as a director.
In other recent news, Flextronics has been the subject of several significant developments. Craig-Hallum maintained a Buy rating on the company’s shares and raised the price target to $45 from $39, citing effective control over operations and improvements in profitability. The firm projected a fiscal year 2027 earnings per share (EPS) target of $3.00 for Flextronics, reflecting confidence in the company’s strategic direction.
Flextronics reported second quarter earnings exceeding analyst estimates, with adjusted earnings per share of $0.64, surpassing the consensus of $0.57. However, the company’s revenue of $6.5 billion fell short of expectations of $6.53 billion. The company has also revised its full-year outlook, with revenue now projected at $24.9 billion to $25.5 billion.
For the third quarter, Flextronics has forecasted revenue between $6 billion and $6.4 billion. In addition to these financial updates, Flextronics announced the pending acquisition of Crown Technical Systems, indicating a strategy to expand in higher value markets. These are among the recent developments for Flextronics.
InvestingPro Insights
The recent sale of shares by Flex Ltd. director Charles K. Stevens III comes at a time when the company’s stock is performing exceptionally well. According to InvestingPro data, Flex has seen a remarkable 114.87% price total return over the past year, with the stock trading near its 52-week high at 99.48% of that peak.
This strong performance is reflected in several InvestingPro Tips. For instance, Flex has shown significant returns over various time frames, including a 12.99% return in the last week and a 36.87% return over the last three months. The company’s market capitalization stands at $15.57 billion, indicating its substantial presence in the , Instruments & Components industry.
Despite the impressive stock performance, it’s worth noting that Flex’s revenue growth has been negative, with a -6.49% decline in the last twelve months. However, the company maintains profitability, with a P/E ratio of 17.47 and an adjusted P/E ratio of 16.01 for the last twelve months as of Q2 2025.
Interestingly, one InvestingPro Tip suggests that management has been aggressively buying back shares, which could be seen as a vote of confidence in the company’s future prospects. This action, combined with the high shareholder yield, may help explain the stock’s strong performance despite the revenue decline.
For investors seeking a more comprehensive analysis, InvestingPro offers 17 additional tips for Flex Ltd., providing a deeper understanding of the company’s financial health and market position.
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