10 Overlooked Tech Stocks to Buy Now

8. Flex Ltd. (NASDAQ:FLEX)

P/E Ratio: 11.59

Hedge Fund Holders: 52

Flex Ltd. (NASDAQ:FLEX) is a multinational manufacturing conglomerate that operates in two primary segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). It serves a wide range of industries, providing solutions for cloud infrastructure and consumer devices as well as automotive, healthcare, and industrial equipment. With headquarters in Austin, Texas, and a history dating back to 1969, Flex has grown into a prominent player in integrating cutting-edge manufacturing with next-generation technology.

Flex Ltd. (NASDAQ:FLEX) reported exceptional financial results in the third quarter of FY2025, ended December 31, 2024. Revenue increased to $6.6 billion, fueled mostly by strong growth in the data center, healthcare, and consumer markets. Its adjusted EPS increased 43% year-over-year to $0.77, with operating margins above 6% for the first time, indicating strong cost execution and a superior business mix. Free cash flow for the quarter was $306 million, and management reaffirmed its full-year free cash flow forecast of more than $800 million.

Flex Ltd. (NASDAQ:FLEX) received two outstanding 2025 Automotive News PACE Awards for its Jupiter Compute Platform and Backup DC/DC Converter. These technologies are critical to enabling software-defined vehicles and electric mobility, demonstrating Flex’s leadership in next-generation automotive solutions. Flex’s collaboration with Torc and NVIDIA on autonomous trucking technology emphasizes the company’s critical role in scaling physical AI compute platforms.

Strategic investments enhance its prospects. Flex Ltd. (NASDAQ:FLEX) announced in February 2025 that it would establish a 400,000-square-foot plant in Dallas to extend its power product production footprint. This program attempts to fulfill the growing demand for grid-to-chip data center infrastructure caused by AI adoption.

Flex Ltd. (NASDAQ:FLEX) is an intriguing, overlooked tech stock for long-term investors, thanks to its strong fundamentals, rapid development into AI-driven businesses, and a valuation that keeps it off many investors’ radars.