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

Posted by Jeff Wilder on May 12th, 2026

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 15th. 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 4.6%

Shares of FLEX stock traded down $6.65 during trading hours on Tuesday, hitting $138.42. 4,251,521 shares of the company were exchanged, compared to its average volume of 4,094,342. The business has a 50 day moving average of $77.61 and a two-hundred day moving average of $68.17. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Flex Ltd. has a 52 week low of $40.15 and a 52 week high of $145.40. The company has a market capitalization of $50.89 billion, a PE ratio of 59.63 and a beta of 1.46.

Flex (NASDAQ:FLEX – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. Flex had a net margin of 3.15% and a return on equity of 22.12%. The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.96 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The firm’s 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. Analysts anticipate that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

Positive Sentiment: Flex is being viewed as a beneficiary of the AI buildout, with reports pointing to a planned AI data center spinoff that could potentially increase shareholder value. Flex stock is surging. A planned AI data center spinoff could take it even higher.
Positive Sentiment: A recent feature on “Flex CEO bets big on AI” suggests management is leaning harder into AI opportunities, which investors may see as a growth driver. Flex CEO bets big on AI
Neutral Sentiment: News about short interest reported zero shares outstanding, so it does not appear to provide a meaningful trading signal for FLEX at this time.
Neutral Sentiment: Broader AI-market commentary, including bullish views on AI beneficiaries, may be helping sentiment, but it is not specific enough to FLEX to be a direct company catalyst. Cathie Wood Picks 5 Bubble-Era Stocks That Are Riding The AI Wave: ‘Blasts From The Past’ She Says

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on FLEX. Barclays increased their target price on shares of Flex from $72.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Raymond James Financial set a $80.00 target price on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday, February 4th. The Goldman Sachs Group increased their target price on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Robert W. Baird set a $165.00 target price on shares of Flex in a report on Thursday, May 7th. Finally, Stifel Nicolaus increased their target price on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Flex has a consensus rating of “Moderate Buy” and an average price target of $112.80.

Get Our Latest Analysis on Flex

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in Flex in the fourth quarter valued at $28,000. Parkside Financial Bank & Trust lifted its stake in Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Flex in the fourth quarter valued at $28,000. CENTRAL TRUST Co lifted its stake in Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after acquiring an additional 355 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in Flex in the fourth quarter valued at $42,000. 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.

Flex Company Profile

(Get Free Report)

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.