Flex Rallies as Investors Revisit AI Infrastructure Expansion, Spin-Off Plan

Flex Ltd. (FLEX) is up 7.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued investor enthusiasm around Flex’s push deeper into AI power infrastructure, especially after its agreement to buy EPC Power and management’s recent conference comments that kept the planned Cloud and Power Infrastructure separation on track for early 2027. There does not appear to be a single fresh same-day filing driving the jump, so the move looks like a re-rating tied to the company’s AI and spin-off narrative.

Details:

Flex announced on September 3 that it agreed to acquire EPC Power for $4.4 billion, adding power-conversion technology aimed at AI data centers and utility applications.

The company said EPC Power is expected to generate about $800 million of 2026 revenue, with roughly 40% organic growth expected in 2027 and EBITDA margin approaching 30%.

Management materials and investor communications have continued to point to a first-quarter 2027 target for the tax-free separation of the Cloud and Power Infrastructure business, which could sharpen the market’s focus on Flex’s higher-growth assets.

Flex’s first-quarter fiscal 2027 results also showed strong momentum, including 21% sales growth, record adjusted EPS of $1.00, and 35% growth in the Cloud and Power Infrastructure segment, giving investors more support for the growth story.

Sources:

Flex Investor Relations, SEC, Flex Investor Relations

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FLEX Insider Trading Activity

$FLEX insiders have traded $FLEX stock on the open market 138 times in the past 6 months. Of those trades, 0 have been purchases and 138 have been sales.

Here’s a breakdown of recent trading of $FLEX stock by insiders over the last 6 months:

REVATHI ADVAITHI (Chief Executive Officer) has made 0 purchases and 38 sales selling 473,896 shares for an estimated $67,390,027.
DAVID SCOTT OFFER (EVP, General Counsel) has made 0 purchases and 27 sales selling 108,654 shares for an estimated $16,058,057.
KWANG HOOI TAN (Chief Operating Officer) has made 0 purchases and 20 sales selling 89,853 shares for an estimated $12,820,737.
MICHAEL P HARTUNG (Chief Commercial Officer) has made 0 purchases and 25 sales selling 63,070 shares for an estimated $9,034,143.
DANIEL WENDLER (Chief Accounting Officer) has made 0 purchases and 19 sales selling 10,599 shares for an estimated $1,529,277.
ERIN MCSWEENEY has made 0 purchases and 3 sales selling 7,500 shares for an estimated $1,044,145.
KEVIN KRUMM (Chief Financial Officer) has made 0 purchases and 6 sales selling 3,378 shares for an estimated $499,992.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$FLEX Hedge Fund Activity

We have seen 667 institutional investors add shares of $FLEX stock to their portfolio, and 449 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BOSTON PARTNERS removed 4,377,798 shares (-33.7%) from their portfolio in Q2 2026, for an estimated $709,509,721
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 3,513,468 shares (-64.8%) from their portfolio in Q2 2026, for an estimated $569,427,758
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,452,261 shares (+inf%) to their portfolio in Q2 2026, for an estimated $559,507,940
FMR LLC added 3,157,171 shares (+19.3%) to their portfolio in Q2 2026, for an estimated $511,682,703
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,139,384 shares (-99.6%) from their portfolio in Q2 2026, for an estimated $508,799,964
BLACKROCK, INC. removed 2,935,490 shares (-6.5%) from their portfolio in Q2 2026, for an estimated $475,754,864
STATE STREET CORP added 2,711,560 shares (+19.0%) to their portfolio in Q2 2026, for an estimated $439,462,529

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FLEX Congressional Stock Trading

Members of Congress have traded $FLEX stock 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $FLEX stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 10 times. They made 0 purchases and 10 sales worth up to $305,000 on 05/14, 05/12, 05/11, 05/07, 05/01, 04/27, 04/22, 04/15, 04/13, 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$FLEX Price Targets

Multiple analysts have issued price targets for $FLEX recently. We have seen 6 analysts offer price targets for $FLEX in the last 6 months, with a median target of $160.5.

Here are some recent targets:

Tim Long from Barclays set a target price of $203.0 on 06/04/2026
An analyst from Freedom Capital Markets set a target price of $144.0 on 05/28/2026
Mark Delaney from Goldman Sachs set a target price of $177.0 on 05/08/2026
Steve Barger from Keybanc set a target price of $180.0 on 05/07/2026
Ruben Roy from Stifel set a target price of $95.0 on 04/20/2026
Samik Chatterjee from JP Morgan set a target price of $84.0 on 04/16/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.