Revathi Advaithi, Chief Executive Officer of Flex Ltd. (NASDAQ:FLEX), sold a total of 83,500 ordinary shares on May 22, 2026. The transactions amounted to approximately $11.1 million, with prices ranging from $129.1839 to $134.0329 per share. These sales were conducted under a Rule 10b5-1 trading plan, which Ms. Advaithi adopted on February 20, 2026.
The sale comes as Flex shares trade at $143.24, near their 52-week high of $147.34, following a remarkable 237% gain over the past year. According to Bond.az analysis, the stock currently appears overvalued relative to its Fair Value, with the company trading at a P/E ratio of 61.82.
Following these transactions, Ms. Advaithi directly holds 605,522 ordinary shares. This figure includes 289,174 unvested restricted share units, which represent a contingent right to receive shares upon vesting. Additionally, Ms. Advaithi indirectly holds 815,262 ordinary shares through a grantor retained annuity trust (GRAT) for which she serves as trustee.
In other recent news, Flex Ltd. reported its fourth-quarter and fiscal year 2026 earnings, exceeding Wall Street expectations. The company achieved an adjusted earnings per share of $0.93, surpassing the projected $0.87, and reported revenues of $7.48 billion, which was higher than the anticipated $6.95 billion. Additionally, Flex Ltd. is planning to spin off its Cloud & Power infrastructure segment into a new independent company, a move that has been noted by BofA Securities. The firm raised its price target for Flex Ltd. to $180 from $75, maintaining a Buy rating, citing the company’s focus on margin expansion and shareholder value creation.
Meanwhile, Nextpower has entered into a definitive agreement to acquire the power conversion assets of Zigor Corporation and its U.S.-based subsidiary, Apex Power, for approximately $80.5 million. The acquisition includes $46 million at closing and up to $34.5 million in potential earnouts. Nextpower plans to invest an additional $50 million to support growth initiatives in the power conversion market. These developments highlight significant strategic shifts and financial results for both Flex Ltd. and Nextpower.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
