Rakuten Investment Management Inc. Buys 66,108 Shares of Flex Ltd. $FLEX

Rakuten Investment Management Inc. purchased a new position in Flex Ltd. (NASDAQ:FLEX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 66,108 shares of the technology company’s stock, valued at approximately $7,525,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deltec Asset Management LLC grew its stake in Flex by 40.3% during the third quarter. Deltec Asset Management LLC now owns 139,284 shares of the technology company’s stock worth $15,320,000 after buying an additional 40,003 shares in the last quarter. Rithm Capital Corp. bought a new position in Flex in the 1st quarter valued at about $1,407,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Flex in the 2nd quarter valued at about $8,659,000. SteelPeak Wealth LLC acquired a new position in shares of Flex in the 3rd quarter valued at approximately $1,359,000. Finally, Andra AP fonden raised its position in shares of Flex by 41.9% in the 2nd quarter. Andra AP fonden now owns 38,624 shares of the technology company’s stock valued at $6,260,000 after buying an additional 11,400 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex raised its fiscal 2027 outlook, citing accelerating demand for AI infrastructure and growth in its Cloud and Power Infrastructure business. The company also discussed expanding its power capabilities and advancing the planned Axiom spin-off. FLEX Q2 Earnings Call Highlights Axiom Spin-Off and AI Growth
• Positive Sentiment: Zacks Research upgraded Flex from “hold” to “strong-buy,” providing a favorable analyst signal. Flex upgrade report
• Positive Sentiment: A Seeking Alpha contributor reaffirmed a Buy rating, pointing to AI-driven growth in cloud and power infrastructure, higher segment growth expectations, and new liquid-cooling products and services as potential supports for expansion. This is analyst commentary, not company guidance. Flex: Stronger Fundamentals And New AI Opportunities Make The Selloff Attractive
• Neutral Sentiment: Flex is progressing with plans to spin off its Cloud and Power Infrastructure segment as Axiom Solutions International. The separation could sharpen the businesses’ focus and highlight their value, but the outcome depends on execution and the eventual terms of the transaction. Flex’s 2027 Axiom Spin-Off: Will Two Firms Unlock Value for Investors?

Flex Trading Down 13.6%

NASDAQ FLEX opened at $66.73 on Friday. The company has a market cap of $24.65 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 0.36 and a beta of 1.80. Flex Ltd. has a twelve month low of $53.07 and a twelve month high of $166.86. The company has a quick ratio of 0.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average is $103.26 and its 200 day moving average is $103.13.

Flex (NASDAQ:FLEX) last issued its earnings results on Wednesday, October 28th. The technology company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. The business had revenue of $8.49 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Flex had a return on equity of 24.93% and a net margin of 3.35%. The business’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. As a group, sell-side analysts expect that Flex Ltd. will post 4.52 EPS for the current fiscal year.

Insider Buying and Selling at Flex

In other news, insider Michael P. Hartung sold 2,755 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total transaction of $332,363.20. Following the sale, the insider directly owned 243,175 shares in the company, valued at approximately $29,336,632. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Freedom Capital raised shares of Flex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Bank of America decreased their price objective on shares of Flex from $180.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. The Goldman Sachs Group decreased their price objective on shares of Flex from $154.00 to $145.00 in a research note on Friday, October 16th. Wall Street Zen upgraded shares of Flex from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, Weiss Ratings cut Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $131.78.

About Flex

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.