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

Posted by Lindsey Winhoffer 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 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 Price Performance

Shares of Flex stock traded down $6.65 during trading on Tuesday, reaching $138.42. The company’s stock had a trading volume of 4,251,521 shares, compared to its average volume of 4,094,342. The stock has a 50-day moving average price of $77.61 and a two-hundred day moving average price 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 one year low of $40.15 and a one year high of $145.40. The stock has a market capitalization of $50.89 billion, a P/E ratio of 59.63 and a beta of 1.46.

Flex (NASDAQ:FLEX – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.96 billion. During the same period in the previous year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts anticipate that Flex Ltd. will post 3.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,072,100.00. Following the completion of the sale, the director owned 45,426 shares in the company, valued at approximately $6,275,147.64. This trade represents a 24.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by corporate insiders.

More Flex News

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

Institutional Investors Weigh In On Flex

Institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas bought a new stake in shares of Flex during the 4th quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Flex during the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust raised 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 valued at $28,000 after acquiring an additional 166 shares during the period. CENTRAL TRUST Co raised its stake in Flex by 238.3% in the 3rd 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 period. Finally, Gables Capital Management Inc. bought a new stake in Flex in the 4th quarter valued at $42,000. Institutional investors own 94.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on FLEX shares. Robert W. Baird set a $165.00 price objective on Flex in a research report on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Stifel Nicolaus boosted their price target on shares of Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their price objective on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, KeyCorp increased their price objective on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Nine equities research 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 a consensus price target of $112.80.

View Our Latest Report on FLEX

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.