Lumentum (NASDAQ:LITE) Shares Acquired by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Lumentum Holdings Inc. (NASDAQ:LITE). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Lumentum stock on October 20th. 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 BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.

Lumentum Price Performance

NASDAQ:LITE opened at $648.06 on Thursday. Lumentum Holdings Inc. has a 52 week low of $215.35 and a 52 week high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.27 and a current ratio of 1.61. The firm’s 50-day simple moving average is $877.15 and its 200 day simple moving average is $805.47. The firm has a market cap of $58.78 billion, a price-to-earnings ratio of -8.23 and a beta of 1.64.

Lumentum (NASDAQ:LITE) last announced its earnings results on Monday, November 2nd. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $4.22 by $0.35. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Lumentum had a negative net margin of 175.82% and a positive return on equity of 28.85%. The business’s revenue for the quarter was up 136.5% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 19.93 earnings per share for the current year.

Analysts Set New Price Targets

LITE has been the topic of a number of analyst reports. Stonex Financial upgraded shares of Lumentum to a “strong-buy” rating in a research note on Monday, October 26th. Needham & Company LLC cut their price target on shares of Lumentum from $1,040.00 to $800.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. B. Riley Financial downgraded shares of Lumentum from a “buy” rating to a “neutral” rating and cut their price target for the stock from $1,142.00 to $770.00 in a report on Tuesday, November 3rd. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Finally, UBS Group decreased their price objective on shares of Lumentum from $960.00 to $686.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,053.17.

Institutional Trading of Lumentum

A number of hedge funds and other institutional investors have recently modified their holdings of LITE. Jupiter Topco LLC bought a new stake in shares of Lumentum during the second quarter worth about $1,621,396,000. Amundi lifted its holdings in shares of Lumentum by 188.7% during the second quarter. Amundi now owns 658,427 shares of the technology company’s stock worth $564,970,000 after purchasing an additional 430,355 shares during the period. WT Asset Management Ltd acquired a new position in shares of Lumentum during the second quarter worth $494,688,000. Janus Henderson Group PLC lifted its holdings in shares of Lumentum by 163.2% during the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock worth $398,590,000 after purchasing an additional 351,676 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Lumentum in the second quarter worth $376,539,000. Institutional investors own 94.05% of the company’s stock.

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the completion of the sale, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. This trade represents a 24.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the transaction, the insider directly owned 108,320 shares in the company, valued at $102,362,400. This represents a 0.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 94,496 shares of company stock valued at $85,978,498. Insiders own 0.28% 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.

Lumentum Company Profile

Lumentum Holdings Inc. develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks. The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world. Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.