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

Posted by Paula Ricardo 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 May 1st. 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.
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.
Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 4/29/2026.

Flex Stock Performance

NASDAQ FLEX traded down $6.36 during trading on Tuesday, hitting $138.72. The company’s stock had a trading volume of 4,251,521 shares, compared to its average volume of 4,094,342. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of $77.61 and a 200 day moving average price of $68.17. The firm has a market cap of $51.00 billion, a P/E ratio of 59.63 and a beta of 1.46. Flex Ltd. has a 52 week low of $40.15 and a 52 week high of $145.40.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on FLEX shares. Stifel Nicolaus lifted their price objective on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a 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. KeyCorp boosted their price target on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group boosted their price target on Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $165.00 price target on Flex 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 stock. According to data from MarketBeat, Flex presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.80.

Check Out Our Latest Report on FLEX

Hedge Funds Weigh In On Flex

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JSF Financial LLC grew its stake in shares of Flex by 0.6% during the 1st quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 115 shares during the period. Glenview Trust Co grew its stake in shares of Flex by 3.4% during the 1st quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock worth $247,000 after purchasing an additional 125 shares during the period. Resonant Capital Advisors LLC grew its stake in shares of Flex by 2.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock worth $522,000 after purchasing an additional 163 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Flex by 57.0% during 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 during the period. Finally, Bessemer Group Inc. grew its stake in shares of Flex by 7.9% during the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the technology company’s stock worth $159,000 after purchasing an additional 178 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

Flex News Roundup

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

(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.