Lumentum (NASDAQ:LITE) Stock Purchased 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 Stock Performance

LITE stock traded down $23.41 during midday trading on Thursday, hitting $624.65. The stock had a trading volume of 4,448,296 shares, compared to its average volume of 6,597,851. Lumentum Holdings Inc. has a 52 week low of $215.35 and a 52 week high of $1,143.00. The company has a current ratio of 1.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $872.23 and a 200 day simple moving average of $806.93. The firm has a market capitalization of $56.66 billion, a price-to-earnings ratio of -7.94 and a beta of 1.64.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.35. The company had revenue of $1.26 billion during 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%. During the same quarter in the prior year, the company posted $1.10 EPS. The business’s revenue was up 136.5% on a year-over-year basis. As a group, equities research analysts anticipate that Lumentum Holdings Inc. will post 19.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of analyst reports. Bank of America cut their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings lowered Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. UBS Group cut their price objective on Lumentum from $960.00 to $686.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho set a $1,132.00 target price on shares of Lumentum in a research note on Monday, November 2nd. Finally, Stifel Nicolaus set a $806.00 target price on shares of Lumentum in a report on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,053.17.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 307 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the sale, the insider directly owned 108,320 shares in the company, valued at $102,362,400. This trade represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were 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 of the company’s stock, valued at $78,715,089. The trade was a 24.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 94,496 shares of company stock valued at $85,978,498. 0.28% of the stock is currently owned by company insiders.

Lumentum News Summary

These are some of the LITE news items that stood out recently:

• Negative Sentiment: UBS issued a pessimistic forecast for Lumentum, signaling a cautious outlook from the firm. UBS Group Issues Pessimistic Forecast for Lumentum
• Negative Sentiment: An analyst downgrade was associated with a decline in Lumentum shares, adding pressure alongside the cautious UBS outlook. Lumentum Stock Falls 1.8% on Analyst Downgrade
• Negative Sentiment: Initial investor reaction to Marvell’s proposed acquisition was described as lukewarm, and Lumentum shares slipped in premarket trading. Skepticism about the large deal may be limiting enthusiasm for the transaction. Lumentum Slips on Deal Reaction

Hedge Funds Weigh In On Lumentum

Several institutional investors have recently bought and sold shares of the business. Financiere des Professionnels Fonds d investissement inc. bought a new position in Lumentum in the first quarter valued at about $2,046,000. Styrax Capital LP raised its position in shares of Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after acquiring an additional 4,837 shares during the last quarter. Swiss National Bank lifted its stake in shares of Lumentum by 47.2% in the 1st quarter. Swiss National Bank now owns 208,015 shares of the technology company’s stock valued at $146,185,000 after purchasing an additional 66,700 shares during the period. Franchise GP Ltd grew its stake in shares of Lumentum by 201.7% during the third quarter. Franchise GP Ltd now owns 13,880 shares of the technology company’s stock worth $13,481,000 after purchasing an additional 9,280 shares during the period. Finally, Triglav Investments D.O.O. bought a new stake in Lumentum in the first quarter valued at about $2,945,000. Institutional investors own 94.05% 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 Lumentum

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.