Flex Ltd. $FLEX Stock Holdings Increased by Corbyn Investment Management Inc. MD

Key Points

• Corbyn Investment Management increased its Flex stake by 30% in the third quarter, adding 17,567 shares to bring its holding to 76,183 shares, valued at about $8.38 million.
• Institutional interest is broad: investors own 94.3% of Flex shares, and several firms—including Sei Investments and KBC Group—also expanded their positions.
• Flex reported quarterly earnings and revenue above analysts’ estimates and raised its fiscal 2027 outlook, citing AI infrastructure demand and 54% growth in Cloud and Power Infrastructure revenue. Analysts’ consensus rating is “Buy,” with an average price target of $131.78.

Corbyn Investment Management Inc. MD boosted its stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 30.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 76,183 shares of the technology company's stock after buying an additional 17,567 shares during the period. Flex makes up approximately 2.5% of Corbyn Investment Management Inc. MD's holdings, making the stock its 15th biggest holding. Corbyn Investment Management Inc. MD's holdings in Flex were worth $8,379,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its position in Flex by 52.2% during the 1st quarter. Sei Investments Co. now owns 2,230,622 shares of the technology company's stock worth $146,016,000 after acquiring an additional 764,558 shares during the last quarter. KBC Group NV lifted its position in shares of Flex by 541.5% in the first quarter. KBC Group NV now owns 1,965,811 shares of the technology company's stock worth $128,682,000 after purchasing an additional 1,659,384 shares in the last quarter. Amundi lifted its position in Flex by 15.5% during the 1st quarter. Amundi now owns 1,494,418 shares of the technology company's stock worth $97,825,000 after buying an additional 200,553 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Flex by 9.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,294,132 shares of the technology company's stock worth $84,714,000 after buying an additional 109,992 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Flex by 5.9% during the 1st quarter. Swiss National Bank now owns 1,085,250 shares of the technology company's stock worth $71,040,000 after buying an additional 60,500 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.

Insider Activity at Flex

In other news, insider Michael P. Hartung sold 2,755 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $120.64, for a total value of $332,363.20. Following the transaction, the insider directly owned 243,175 shares of the company's stock, valued at $29,336,632. This 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 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Flex from a "hold" rating to a "strong-buy" rating in a report on Monday. Raymond James Financial set a $170.00 price target on Flex and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Barclays decreased their price target on Flex from $144.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Freedom Capital raised Flex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded Flex from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $131.78.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex raised its fiscal 2027 outlook, citing accelerating AI infrastructure demand and growth in its Cloud and Power Infrastructure (CPI) business. CPI revenue was reported up 54%, while the company is expanding power capabilities and developing liquid-cooling products and services. FLEX Q2 Earnings Call Highlights Axiom Spin-Off and AI Growth
• Positive Sentiment: Zacks Research upgraded Flex from “hold” to “strong buy,” adding an encouraging analyst signal amid the recent decline. Zacks Research stock recommendations
• Neutral Sentiment: Flex is advancing plans to spin off its CPI segment as Axiom Solutions International, targeted to become a separate publicly traded company in 2027. The separation could sharpen the businesses’ focus, but its eventual effect on shareholder value remains uncertain. Flex's 2027 Axiom Spin-Off: Will Two Firms Unlock Value for Investors?
• Negative Sentiment: The shares were sharply lower in the supplied market update despite the favorable outlook and AI-growth news. The articles provided do not point to a clear company-specific reason for the drop.

Flex Stock Performance

FLEX opened at $77.24 on Thursday. Flex Ltd. has a 12-month low of $53.07 and a 12-month high of $166.86. The stock has a market cap of $28.54 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 0.41 and a beta of 1.80. The business has a 50 day moving average of $104.16 and a 200-day moving average of $103.12. The company has a quick ratio of 0.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.90.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings results 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. Flex had a return on equity of 24.93% and a net margin of 3.35%. The business had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.17 billion. During the same quarter in the prior year, the business earned $0.79 EPS. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts expect that Flex Ltd. will post 4.52 earnings per share for the current year.

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.

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