Rep. Gilbert Ray Cisneros, Jr. Buys Lumentum Holdings Inc. (NASDAQ:LITE) Stock

Posted by Stephan Jacobs on May 12th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Lumentum Holdings Inc. (NASDAQ:LITE). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Lumentum stock on April 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 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.

Lumentum Stock Performance

LITE stock traded down $60.72 during mid-day trading on Tuesday, hitting $992.37. The company had a trading volume of 7,519,852 shares, compared to its average volume of 6,032,909. The firm has a market cap of $77.21 billion, a PE ratio of 183.77 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68. The stock’s fifty day moving average price is $787.25 and its two-hundred day moving average price is $514.43.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts forecast that Lumentum Holdings Inc. will post 5.95 earnings per share for the current fiscal year.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Lumentum has been added to the Nasdaq-100, a milestone that is driving fresh buying from index funds and momentum investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
Positive Sentiment: Recent Q3 results beat expectations, and management’s guidance pointed to continued strength from AI and cloud data center demand, reinforcing the bull case for LITE. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
Positive Sentiment: Northland Securities raised FY2027 EPS estimates for Lumentum, and Citic Securities lifted its price target to $1,186, signaling stronger long-term earnings expectations. Citic Securities adjusts price target on Lumentum
Neutral Sentiment: Several recent articles argue that Lumentum’s rally has been so strong that investors are now questioning whether the stock is still fairly valued after a large year-to-date surge.
Neutral Sentiment: Commentary also notes that supply constraints and a premium valuation could limit near-term upside even as demand remains strong.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LITE shares. Bank of America lifted their target price on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. BNP Paribas Exane lifted their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Barclays lifted their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Loop Capital lifted their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

Get Our Latest Stock Analysis on Lumentum

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LITE. Vanguard Group Inc. grew its position in shares of Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after buying an additional 41,975 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Lumentum by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares during the last quarter. Geode Capital Management LLC lifted its stake in Lumentum by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after acquiring an additional 123,265 shares during the period. Situational Awareness LP lifted its stake in Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after acquiring an additional 880,800 shares during the period. Finally, Norges Bank bought a new position in Lumentum during the 4th quarter valued at about $474,495,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In related news, insider Vincent Retort sold 45,026 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the sale, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the sale, the director directly owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,926 shares of company stock worth $36,254,801 over the last quarter. Company insiders own 0.43% 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

(Get Free Report)

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.