Rakuten Investment Management Inc. Purchases New Holdings in Flex Ltd. $FLEX

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

Other institutional investors have also recently made changes to their positions in the company. Third View Private Wealth LLC grew its stake in shares of Flex by 121.6% in the third quarter. Third View Private Wealth LLC now owns 3,564 shares of the technology company’s stock valued at $392,000 after buying an additional 1,956 shares in the last quarter. Provenance Wealth Advisors LLC bought a new stake in Flex during the third quarter worth $1,107,000. Prescott Group Capital Management L.L.C. raised its position in Flex by 33.3% during the third quarter. Prescott Group Capital Management L.L.C. now owns 80,000 shares of the technology company’s stock worth $8,799,000 after acquiring an additional 20,000 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Flex by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 45,413 shares of the technology company’s stock valued at $4,995,000 after acquiring an additional 213 shares during the last quarter. Finally, Signature Equity Partners LLC grew its position in shares of Flex by 56.3% in the 3rd quarter. Signature Equity Partners LLC now owns 605 shares of the technology company’s stock valued at $67,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

Trending Headlines about Flex

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?

Insider Activity at Flex

In other news, insider Michael P. Hartung sold 2,755 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total transaction of $332,363.20. Following the transaction, the insider directly owned 243,175 shares of the company’s stock, valued at approximately $29,336,632. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.62% of the company’s stock.

Flex Trading Down 13.6%

FLEX stock opened at $66.73 on Friday. Flex Ltd. has a 52 week low of $53.07 and a 52 week high of $166.86. The company has a market capitalization of $24.65 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 0.36 and a beta of 1.80. The company’s 50-day simple moving average is $103.26 and its 200 day simple moving average is $103.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 1.34.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 net margin of 3.35% and a return on equity of 24.93%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 EPS. As a group, sell-side analysts anticipate that Flex Ltd. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on FLEX. Weiss Ratings lowered shares of Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. 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 Flex from $142.00 to $135.00 in a report on Monday, October 19th. Wall Street Zen raised Flex from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, Bank of America dropped their price objective on Flex from $180.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Flex currently has a consensus rating of “Buy” and a consensus price target of $131.78.

Flex Company 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.