Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Flex Ltd. (NASDAQ:FLEX)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Flex Ltd. (NASDAQ:FLEX). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Flex stock on April 22nd. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.

Flex Stock Down 6.2%

Shares of NASDAQ FLEX traded down $8.97 during mid-day trading on Tuesday, reaching $136.10. 2,119,901 shares of the company’s stock were exchanged, compared to its average volume of 4,069,356. The firm has a market capitalization of $50.04 billion, a price-to-earnings ratio of 58.35 and a beta of 1.46. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $77.61 and a 200 day simple moving average of $68.17. Flex Ltd. has a twelve month low of $40.15 and a twelve month high of $145.40.

Flex (NASDAQ:FLEX) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.96 billion. During the same period in the previous year, the firm earned $0.73 EPS. Flex’s quarterly revenue was up 17.2% compared to the same quarter last year. Flex has set its FY 2027 guidance at 4.210-4.510 EPS and its Q1 2027 guidance at 0.860-0.920 EPS. As a group, equities analysts expect that Flex Ltd. will post 3.31 EPS for the current fiscal year.

Insider Transactions at Flex

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at $13,754,151.32. The trade was a 6.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles K. Stevens III sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $138.14, for a total value of $2,072,100.00. Following the completion of the sale, the director owned 45,426 shares in the company, valued at $6,275,147.64. This represents a 24.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

FLEX has been the topic of a number of research analyst reports. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Barclays upped their price objective on Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Stifel Nicolaus lifted their price objective on shares of Flex from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, KeyCorp increased their target price on shares of Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.80.

Institutional Investors Weigh In On Flex

Large investors have recently made changes to their positions in the stock. ABN Amro Investment Solutions bought a new position in shares of Flex in the first quarter valued at $1,342,000. PNC Financial Services Group Inc. grew its position in shares of Flex by 14.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 38,251 shares of the technology company’s stock valued at $2,504,000 after acquiring an additional 4,873 shares during the period. Andra AP fonden bought a new position in shares of Flex in the 1st quarter valued at about $1,782,000. Glenview Trust Co raised its holdings in shares of Flex by 3.4% in the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after purchasing an additional 125 shares during the period. Finally, Convergence Investment Partners LLC raised its holdings in shares of Flex by 143.2% in the 1st quarter. Convergence Investment Partners LLC now owns 72,672 shares of the technology company’s stock valued at $4,757,000 after purchasing an additional 42,793 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.