Corbyn Investment Management Inc. MD Purchases 17,567 Shares of Flex Ltd. $FLEX

Corbyn Investment Management Inc. MD increased its position in shares of Flex Ltd. (NASDAQ:FLEX) by 30.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 76,183 shares of the technology company’s stock after purchasing an additional 17,567 shares during the quarter. Flex comprises approximately 2.5% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 15th biggest holding. Corbyn Investment Management Inc. MD’s holdings in Flex were worth $8,379,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new position in Flex in the 3rd quarter valued at $25,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Flex during the third quarter worth $28,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Flex during the third quarter worth $29,000. Security National Bank of SO Dak bought a new stake in shares of Flex in the second quarter valued at about $89,000. Finally, Signature Equity Partners LLC boosted its position in shares of Flex by 56.3% in the third 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. 94.30% of the stock is currently owned by institutional investors.

Key Flex News

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.

Insiders Place Their Bets

In other Flex news, insider Michael P. Hartung sold 2,755 shares of Flex stock in a transaction dated Tuesday, August 18th. The stock was 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 ownership of the stock. The transaction 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 owned by company insiders.

Flex Trading Down 12.3%

Shares of FLEX stock opened at $77.24 on Thursday. The stock’s fifty day moving average price is $104.16 and its two-hundred day moving average price is $103.12. The company has a market cap of $28.54 billion, a PE ratio of 24.54, a P/E/G ratio of 0.41 and a beta of 1.80. Flex Ltd. has a fifty-two week low of $53.07 and a fifty-two week high of $166.86. 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 posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.18 EPS for the quarter, topping 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 company had revenue of $8.49 billion during the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. Flex’s revenue was up 24.8% on a year-over-year basis. Equities analysts predict that Flex Ltd. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on FLEX shares. Zacks Research raised shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings downgraded shares of Flex from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 17th. Barclays cut their price objective on shares of Flex from $144.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Bank of America decreased their target price on shares of Flex from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Finally, Raymond James Financial set a $170.00 target price on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $131.78.

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.