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

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 Performance

Shares of Flex stock traded down $5.38 during trading hours on Tuesday, reaching $139.69. The company’s stock had a trading volume of 7,908,546 shares, compared to its average volume of 4,137,696. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. Flex Ltd. has a one year low of $40.15 and a one year high of $145.40. The company’s 50 day simple moving average is $77.61 and its 200 day simple moving average is $68.17. The stock has a market cap of $51.36 billion, a P/E ratio of 59.95 and a beta of 1.46.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm 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, analysts expect that Flex Ltd. will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Flex

A number of institutional investors and hedge funds have recently bought and sold shares of FLEX. USA Financial Formulas acquired a new stake in Flex during the fourth quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Flex during the fourth quarter worth $28,000. Parkside Financial Bank & Trust increased its stake in Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. CENTRAL TRUST Co raised its holdings in Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after buying an additional 355 shares during the period. Finally, Gables Capital Management Inc. purchased a new stake in Flex during the fourth quarter valued at about $42,000. 94.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FLEX shares. 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 research report on Monday, April 20th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group increased their price target on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Barclays lifted their price objective on shares of Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.80.

Insider Activity at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the firm’s 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 completion of the transaction, the chief operating officer owned 233,636 shares of the company’s stock, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles K. Stevens III sold 15,000 shares of Flex stock in a transaction that occurred 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 in the company, valued at approximately $6,275,147.64. The trade was a 24.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.57% of the company’s stock.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex CEO comments and related coverage suggest the company is making a bigger push into AI infrastructure, which could expand growth opportunities and improve investor sentiment. Flex CEO bets big on AI
• Positive Sentiment: Investors are also focusing on a reported plan to spin off Flex’s AI data center business, a move that could surface hidden value and make the core company easier to value. Flex stock is surging. A planned AI data center spinoff could take it even higher.
• Neutral Sentiment: Short-interest data released over the weekend was essentially flat and appears to be of limited significance for the stock’s near-term direction.
• Neutral Sentiment: Broader AI-related commentary from other tech names, including AMD, reinforces enthusiasm for infrastructure suppliers, but it is indirect for Flex. AMD CEO Lisa Su Says CPUs Will Match GPUs 1-to-1 in AI’s Next Phase
• Neutral Sentiment: Cathie Wood’s comments about “bubble-era” AI beneficiaries add to the sector’s momentum, but do not directly change Flex’s fundamentals. Cathie Wood Picks 5 Bubble-Era Stocks That Are Riding The AI Wave

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.