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

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Flex Ltd. (NASDAQ:FLEX). In a filing disclosed on November 18th, the Representative disclosed that they had sold between $1,001 and $15,000 in Flex stock on October 7th. 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 CommVault Systems (NASDAQ:CVLT) on 11/3/2025.
• Sold $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 11/3/2025.
• Purchased $1,001 – $15,000 in shares of Cohen & Steers (NYSE:CNS) on 10/30/2025.
• Purchased $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 10/30/2025.
• Sold $1,001 – $15,000 in shares of UFP Industries (NASDAQ:UFPI) on 10/30/2025.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/30/2025.
• Sold $1,001 – $15,000 in shares of Sterling Infrastructure (NASDAQ:STRL) on 10/30/2025.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 10/21/2025.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 10/21/2025.
• Purchased $1,001 – $15,000 in shares of Iberdrola (OTCMKTS:IBDSF) on 10/21/2025.

Flex Price Performance

FLEX stock traded up $1.66 during trading on Monday, hitting $56.95. 27,480,182 shares of the company’s stock traded hands, compared to its average volume of 4,115,313. Flex Ltd. has a 52 week low of $25.11 and a 52 week high of $67.00. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 1.47 and a beta of 1.24. The business has a fifty day simple moving average of $60.15 and a 200 day simple moving average of $52.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, October 29th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. Flex had a net margin of 3.33% and a return on equity of 20.86%. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the company earned $0.64 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. As a group, research analysts expect that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Insider Transactions at Flex

In related news, Director William D. Watkins sold 20,000 shares of Flex stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $54.52, for a total value of $1,090,400.00. Following the completion of the sale, the director directly owned 98,073 shares in the company, valued at $5,346,939.96. The trade was a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael P. Hartung sold 45,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $57.14, for a total transaction of $2,571,300.00. Following the transaction, the insider owned 256,198 shares in the company, valued at approximately $14,639,153.72. The trade was a 14.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 132,500 shares of company stock worth $7,870,250. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

FLEX has been the topic of several analyst reports. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Bank of America boosted their price objective on shares of Flex from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a report on Wednesday, November 19th. Finally, Argus set a $85.00 price objective on shares of Flex in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Flex in the 2nd quarter worth about $291,362,000. State Street Corp grew its stake in Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock worth $611,997,000 after purchasing an additional 3,377,669 shares in the last quarter. Invesco Ltd. increased its holdings in Flex by 55.0% during the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company’s stock worth $276,652,000 after purchasing an additional 2,968,285 shares during the period. Pacer Advisors Inc. raised its position in Flex by 3,794.6% during the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company’s stock valued at $95,936,000 after purchasing an additional 2,825,667 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Flex by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company’s stock worth $358,500,000 after buying an additional 2,459,511 shares during the period. Hedge funds and other institutional investors 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 Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.