Mirae Asset Global Investments Co. Ltd. Buys New Shares in Flex Ltd. $FLEX

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Flex Ltd. (NASDAQ:FLEX) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 110,102 shares of the technology company’s stock, valued at approximately $12,110,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC raised its holdings in Flex by 3.2% in the third quarter. ProShare Advisors LLC now owns 69,979 shares of the technology company’s stock valued at $7,697,000 after acquiring an additional 2,174 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Flex by 33.2% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,894 shares of the technology company’s stock valued at $208,000 after acquiring an additional 472 shares during the last quarter. MGO One Seven LLC grew its holdings in Flex by 8.1% during the 3rd quarter. MGO One Seven LLC now owns 26,760 shares of the technology company’s stock worth $2,943,000 after acquiring an additional 2,003 shares in the last quarter. Americana Partners LLC acquired a new position in Flex during the 3rd quarter worth $292,000. Finally, State of Wyoming increased its position in shares of Flex by 220.7% in the 3rd quarter. State of Wyoming now owns 6,914 shares of the technology company’s stock worth $760,000 after purchasing an additional 4,758 shares during the last quarter. Institutional investors own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Robert W. Baird reduced their price target on shares of Flex from $142.00 to $135.00 in a research report on Monday, October 19th. The Goldman Sachs Group lowered their price objective on Flex from $154.00 to $145.00 in a report on Friday, October 16th. Wall Street Zen raised Flex from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, JPMorgan Chase & Co. reduced their target price on Flex from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.78.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex’s cloud and infrastructure (CPI) revenue rose 54%, with AI infrastructure demand cited as a key driver. Growth in power, acquisitions and expanding margins also support the company’s fiscal 2027 outlook. Flex’s CPI Sales Surge 54%: Can AI Infrastructure Sustain Gains?
• Positive Sentiment: The EPC Power acquisition may strengthen Flex’s position in AI data centers and add to its Axiom platform, potentially extending its growth opportunity in the sector. Can FLEX’s EPC Power Deal Deepen Its AI Data Center Growth Advantage?
• Negative Sentiment: Higher investment, rising debt and acquisition-integration risks could weigh on returns or limit the benefit of AI-related growth. The stock also reportedly fell after its fiscal second-quarter results, despite its strong longer-term growth narrative. Flex Stock Down Post Q2 Earnings: Should You Buy, Hold or Offload?

Flex Trading Up 4.6%

Flex stock opened at $88.10 on Wednesday. Flex Ltd. has a 1 year low of $53.07 and a 1 year high of $166.86. The firm’s 50-day moving average is $104.80 and its 200-day moving average is $103.06. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 1.34. The company has a market cap of $32.55 billion, a P/E ratio of 23.45, a PEG ratio of 0.39 and a beta of 1.80.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. The business had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.17 billion. Flex had a net margin of 3.35% and a return on equity of 24.93%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, equities analysts expect that Flex Ltd. will post 4.52 earnings per share for the current year.

Insider Buying and Selling

In other Flex news, insider Michael P. Hartung sold 2,755 shares of Flex stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the transaction, the insider directly owned 243,175 shares in the company, valued at $29,336,632. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is currently owned by insiders.

Flex Profile

Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.

Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.

The company was founded in 1969 as Flextronics and later adopted the name Flex.