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 Price Performance
FLEX stock opened at $145.07 on Tuesday. Flex Ltd. has a 1 year low of $39.82 and a 1 year high of $145.40. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87. The firm has a market capitalization of $53.34 billion, a PE ratio of 62.26 and a beta of 1.46. The business has a 50 day simple moving average of $77.61 and a 200-day simple moving average of $68.17.
Flex (NASDAQ:FLEX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $6.96 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. 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 anticipate that Flex Ltd. will post 3.31 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Charles K. Stevens III sold 15,000 shares of the company's stock in a transaction that occurred 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kwang Hooi Tan sold 17,500 shares of the stock in a transaction that occurred 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 sale, the chief operating officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company's stock.
Wall Street Analyst Weigh In
FLEX has been the topic of several recent research reports. Stifel Nicolaus boosted their price target 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. The Goldman Sachs Group lifted their target price on shares of Flex from $84.00 to $177.00 and gave the stock a "buy" rating in a research note on Thursday. Robert W. Baird set a $165.00 price target on shares of Flex in a research note on Thursday. KeyCorp raised their price target on shares of Flex from $75.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Flex from $75.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.80.
Get Our Latest Analysis on Flex
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Flex by 196.1% in the 4th quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company's stock valued at $2,341,053,000 after buying an additional 25,662,586 shares during the period. Allianz Asset Management GmbH grew its position in Flex by 17.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company's stock valued at $138,749,000 after acquiring an additional 360,553 shares in the last quarter. Dynasty Wealth Management LLC increased its stake in Flex by 80.1% during the third quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company's stock worth $2,528,000 after purchasing an additional 19,388 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Flex during the third quarter worth about $1,460,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Flex during the fourth quarter worth about $2,497,000. Hedge funds and other institutional investors own 94.30% 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.
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.
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