Mirae Asset Global Investments Co. Ltd. Makes New Investment in Flex Ltd. $FLEX

Key Points

• Mirae Asset Global Investments acquired a new 110,102-share stake in Flex during the third quarter, valued at approximately $12.1 million. Institutional investors and hedge funds collectively own 94.3% of the company.
• Flex reported quarterly EPS of $1.18, above the $1.06 consensus, and revenue of $8.49 billion, up 24.8% year over year. Cloud and infrastructure revenue rose 54%, with AI infrastructure demand cited as a key driver.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $131.78; however, investment needs, debt and acquisition-integration risks could temper returns.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Flex Ltd. (NASDAQ:FLEX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,102 shares of the technology company's stock, valued at approximately $12,110,000.

Other large investors have also made changes to their positions in the company. KBC Group NV boosted its stake in shares of Flex by 541.5% during the 1st 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 during the last quarter. Sei Investments Co. grew its holdings in shares of Flex by 52.2% during the first quarter. Sei Investments Co. now owns 2,230,622 shares of the technology company's stock worth $146,016,000 after buying an additional 764,558 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Flex by 446.0% in the first quarter. Hsbc Holdings PLC now owns 290,062 shares of the technology company's stock valued at $18,905,000 after buying an additional 236,941 shares during the last quarter. Amundi raised its position in shares of Flex by 15.5% in the first quarter. Amundi now owns 1,494,418 shares of the technology company's stock valued at $97,825,000 after buying an additional 200,553 shares during the last quarter. Finally, SEB Asset Management AB purchased a new position in Flex during the first quarter worth about $11,411,000. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex Stock Up 4.6%

Shares of NASDAQ:FLEX opened at $88.10 on Wednesday. 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 Ltd. has a 1 year low of $53.07 and a 1 year high of $166.86. The stock has a market capitalization of $32.55 billion, a P/E ratio of 23.45, a PEG ratio of 0.39 and a beta of 1.80. The stock has a 50-day simple moving average of $104.80 and a 200-day simple moving average of $103.06.

Flex (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.06 by $0.12. The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.17 billion. Flex had a net margin of 3.35% and a return on equity of 24.93%. Flex's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. Equities analysts forecast that Flex Ltd. will post 4.52 earnings per share for the current year.

Insider Transactions at Flex

In other Flex news, insider Michael P. Hartung sold 2,755 shares of the business's stock in a transaction on 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 owned 243,175 shares in the company, valued at $29,336,632. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is owned by company insiders.

Key Headlines Impacting Flex

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?

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FLEX shares. Freedom Capital raised Flex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Bank of America dropped their price objective on shares of Flex from $180.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, October 27th. Robert W. Baird cut their price objective on shares of Flex from $142.00 to $135.00 in a report on Monday, October 19th. Weiss Ratings cut shares of Flex from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 17th. Finally, Zacks Research downgraded shares of Flex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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