Rep. Gilbert Ray Cisneros, Jr. Sells Flex Ltd. (NASDAQ:FLEX) Stock

Posted by Logan Wallace 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 27th. 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 Trading Down 6.2%

FLEX stock traded down $8.97 during midday trading on Tuesday, reaching $136.10. The company’s stock had a trading volume of 2,119,901 shares, compared to its average volume of 4,069,356. The business’s 50-day simple moving average is $77.61 and its 200-day simple moving average is $68.17. The company has a quick ratio of 0.87, a current ratio of 1.36 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 stock has a market cap of $50.04 billion, a PE ratio of 58.35 and a beta of 1.46.

Flex (NASDAQ:FLEX – Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $7.48 billion for the quarter, compared to analyst estimates of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company earned $0.73 EPS. 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, sell-side analysts expect that Flex Ltd. will post 3.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. KeyCorp boosted their price target on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. Raymond James Financial set a $80.00 price objective on Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Robert W. Baird set a $165.00 price target on Flex in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.80.

View Our Latest Stock Report on Flex

Hedge Funds Weigh In On Flex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ABN Amro Investment Solutions bought a new position in Flex during the 1st quarter worth about $1,342,000. PNC Financial Services Group Inc. grew its holdings in shares of Flex by 14.6% during the first quarter. PNC Financial Services Group Inc. now owns 38,251 shares of the technology company’s stock worth $2,504,000 after buying an additional 4,873 shares in the last quarter. Andra AP fonden acquired a new stake in Flex in the 1st quarter valued at approximately $1,782,000. Glenview Trust Co lifted its stake in 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 acquiring an additional 125 shares in the last quarter. Finally, Convergence Investment Partners LLC lifted its stake in 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 acquiring an additional 42,793 shares in the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Flex

In other news, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction that occurred 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 sale, the chief operating officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles K. Stevens III sold 15,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $138.14, for a total transaction of $2,072,100.00. Following the transaction, the director owned 45,426 shares of the company’s stock, valued at $6,275,147.64. The trade was a 24.82% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by company insiders.

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.