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

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Flex Ltd. (NASDAQ:FLEX). In a filing disclosed on June 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Flex stock on May 14th. 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 SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Flex Stock Performance

Shares of FLEX traded down $6.00 during mid-day trading on Wednesday, reaching $141.21. 748,084 shares of the company’s stock traded hands, compared to its average volume of 4,422,792. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. The business’s 50-day moving average price is $110.93 and its 200-day moving average price is $80.15. The stock has a market capitalization of $51.74 billion, a P/E ratio of 60.96, a price-to-earnings-growth ratio of 0.79 and a beta of 1.64. Flex Ltd. has a 12 month low of $42.83 and a 12 month high of $166.86.

Flex (NASDAQ:FLEX) last issued its earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. The firm had revenue of $7.48 billion during the quarter. Equities analysts predict that Flex Ltd. will post 4.15 earnings per share for the current year.

Flex News Roundup

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex will be added to the S&P 500 on June 22, a major milestone that should increase passive fund demand and expand the stock’s investor base. Flex to Join S&P 500 Index
• Positive Sentiment: Analysts are getting more constructive on Flex’s AI-related businesses, with Barclays lifting its price target to $203 from $174 and maintaining an Overweight rating. Barclays Lifts PT on Flex Ltd. (FLEX), Cites AI and Business Segments
• Positive Sentiment: Investor commentary is focusing on Flex’s transformation into an AI infrastructure player, with references to stronger growth in its critical power and cooling businesses and a cleaner setup ahead of its planned spin-off. Flex To Enter S&P 500 Positioned As A Major AI Infrastructure Player
• Neutral Sentiment: Market coverage and commentary around the S&P 500 addition have increased attention on FLEX, including premarket move coverage and index-rebalance discussion, but these items are mostly follow-through rather than new fundamentals. Stocks making the biggest moves premarket: Nvidia, Marvell, Flex and more

Wall Street Analyst Weigh In

A number of brokerages have commented on FLEX. Stifel Nicolaus raised their price objective on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on shares of Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. KeyCorp lifted their price objective on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Zacks Research raised Flex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Barclays lifted their price target on Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.70.

Insider Activity at Flex

In related news, EVP David Scott Offer sold 33,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $153.91, for a total value of $5,079,030.00. Following the completion of the transaction, the executive vice president directly owned 73,471 shares in the company, valued at approximately $11,307,921.61. This represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erin Mcsweeney sold 2,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $132.51, for a total transaction of $265,020.00. Following the completion of the transaction, the director owned 9,512 shares of the company’s stock, valued at approximately $1,260,435.12. This represents a 17.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 345,012 shares of company stock worth $48,508,103 in the last three months. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

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

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

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.