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

Key Points

• Representative Gilbert Ray Cisneros, Jr. sold shares of Flex Ltd. (NASDAQ:FLEX) valued between $1,001 and $15,000 on September 12th, according to a filing.
• Flex reported earnings of $0.72 per share for the latest quarter, exceeding analysts' estimates and showing a year-over-year revenue increase of 4.1%.
• Recent analyst reports have led to increased price targets for Flex, with firms like KeyCorp raising it from $60.00 to $70.00 and JPMorgan increasing their target to $60.00.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Flex Ltd. (NASDAQ:FLEX). In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Flex stock on September 12th. 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 StandardAero NYSE: SARO on 10/1/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 10/1/2025.
• Purchased $1,001 - $15,000 in shares of Waters NYSE: WAT on 9/30/2025.
• Sold $15,001 - $50,000 in shares of Fortive NYSE: FTV on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of StandardAero NYSE: SARO on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of APi Group NYSE: APG on 9/30/2025.
• Sold $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of PTC NASDAQ: PTC on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi Heavy Industries OTCMKTS: MHVYF on 9/30/2025.

Flex Stock Performance

Shares of NASDAQ FLEX traded up $0.77 during midday trading on Tuesday, hitting $59.60. 3,123,827 shares of the stock traded hands, compared to its average volume of 3,995,269. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. Flex Ltd. has a one year low of $25.11 and a one year high of $60.49. The firm has a market capitalization of $22.37 billion, a P/E ratio of 26.14, a PEG ratio of 1.84 and a beta of 1.15. The firm has a 50-day moving average of $54.83 and a two-hundred day moving average of $46.53.

Flex (NASDAQ:FLEX - Get Free Report) last posted its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. The company had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.27 billion. Flex had a return on equity of 20.25% and a net margin of 3.42%.Flex's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, equities analysts forecast that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on FLEX. KeyCorp boosted their target price on shares of Flex from $60.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday. The Goldman Sachs Group set a $66.00 price objective on Flex in a research note on Monday, September 29th. Wall Street Zen lowered Flex from a "strong-buy" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. raised their price objective on Flex from $44.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Barclays boosted their price objective on Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Flex presently has a consensus rating of "Moderate Buy" and an average target price of $59.71.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FLEX. Norges Bank bought a new position in shares of Flex during the 2nd quarter valued at approximately $291,362,000. State Street Corp lifted its position in Flex by 38.0% during the second quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock valued at $611,997,000 after purchasing an additional 3,377,669 shares during the last quarter. Invesco Ltd. grew its stake in shares of Flex by 55.0% in the 1st quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock worth $276,652,000 after buying an additional 2,968,285 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Flex by 3,794.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock worth $95,936,000 after buying an additional 2,825,667 shares during 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 valued at $358,500,000 after acquiring an additional 2,459,511 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Flex

In other news, Director Erin Mcsweeney sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the sale, the director directly owned 17,012 shares of the company's stock, valued at $875,607.64. This trade represents a 37.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $51.79, for a total value of $517,900.00. Following the sale, the director owned 111,355 shares in the company, valued at $5,767,075.45. The trade was a 8.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,020 shares of company stock valued at $4,923,667 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

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 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.

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