Flex Ltd. $FLEX Stock Purchased by Viking Fund Management LLC

Posted by George Bondi on Oct 15th, 2026

Viking Fund Management LLC increased its position in shares of Flex Ltd. (NASDAQ:FLEX – Free Report) by 53.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,000 shares of the technology company’s stock after purchasing an additional 8,000 shares during the quarter. Viking Fund Management LLC’s holdings in Flex were worth $2,530,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FLEX. MassMutual Private Wealth & Trust FSB grew its holdings in Flex by 14.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 783 shares of the technology company’s stock valued at $86,000 after purchasing an additional 99 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Flex by 7.4% in the second quarter. TD Waterhouse Canada Inc. now owns 1,449 shares of the technology company’s stock valued at $223,000 after buying an additional 100 shares in the last quarter. JSF Financial LLC raised its stake in shares of Flex by 0.6% during the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after buying an additional 115 shares during the last quarter. Glenview Trust Co raised its stake in shares of Flex by 3.4% during the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock worth $247,000 after buying an additional 125 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in shares of Flex by 2.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock worth $522,000 after buying an additional 163 shares during the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

Positive Sentiment: Flex completed its acquisition of EPC Power, adding grid-forming and power-conversion technology for AI data centers, 800V power architectures and electric-grid applications. The deal strengthens Flex’s Cloud and Power Infrastructure portfolio and could position the company to benefit from rising demand for higher-density AI facilities. Flex Completes Acquisition of EPC Power
Positive Sentiment: Flex’s planned 2027 spin-off of Axiom could unlock value by separating higher-growth, higher-margin AI infrastructure operations from its legacy manufacturing business. The company has also introduced modular Axiom AI data-center racks aimed at growing power and cooling demand. Flex’s AI Infrastructure Spin-Off Could Unlock Hidden Value
Neutral Sentiment: Flex’s AI strategy continues to attract institutional interest, but recent 13F filings show mixed positioning, with some large investors adding shares while others—including Boston Partners, BlackRock and UBS—reduced holdings. This suggests investor conviction remains divided.
Negative Sentiment: Investors are increasingly focused on risks tied to the Axiom transaction. Flex invested $2 billion in convertible preferred securities for Axiom and guaranteed potential redemption obligations if the separation is delayed or fails. The spin-off also remains subject to shareholder and board approval, tax considerations and regulatory filings, creating financing and execution uncertainty. Flex Slides as Investors Weigh Axiom Spin-Off Financing Risks
Negative Sentiment: Reported insider activity has been heavily weighted toward selling, with no purchases cited over the past six months. Although sales may reflect compensation or diversification, the pattern can reinforce bearish sentiment during a volatile period.

Insider Activity

In other news, insider Michael P. Hartung sold 2,755 shares of Flex stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the completion of the sale, the insider owned 243,175 shares of the company’s stock, valued at $29,336,632. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

Analyst Upgrades and Downgrades

FLEX has been the topic of several recent research reports. Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Raymond James Financial set a $170.00 target price on shares of Flex and gave the company an “outperform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group cut their target price on shares of Flex from $177.00 to $154.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Flex from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Check Out Our Latest Report on FLEX

Flex Stock Performance

Shares of FLEX opened at $100.35 on Thursday. Flex Ltd. has a 1 year low of $53.07 and a 1 year high of $166.86. The company’s 50 day simple moving average is $113.85 and its 200 day simple moving average is $118.66. The company has a market capitalization of $37.07 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 0.56 and a beta of 1.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 1.38.

Flex (NASDAQ:FLEX – Get Free Report) last released its earnings results on Friday, June 26th. The technology company reported $1.00 EPS for the quarter. The firm had revenue of $7.93 billion during the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. On average, sell-side analysts predict that Flex Ltd. will post 4.27 EPS for the current year.

Flex Profile

(Free Report)

Flex Ltd. (NASDAQ:FLEX) is a global manufacturing and supply-chain solutions provider that helps companies design, build and deliver products. The company works with original equipment manufacturers and other brands across the product life cycle, from product design and engineering through manufacturing, logistics and aftermarket services.

Its capabilities include electronics manufacturing, printed circuit board assembly, systems integration, mechanical manufacturing, testing, product development and supply-chain management.