Lumentum (NASDAQ:LITE) Stock Purchase Disclosed by Rep. Gilbert Ray Cisneros, Jr.

Posted by Nicole Kennedy on Nov 13th, 2026

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

Shares of LITE stock traded down $23.41 during mid-day trading on Thursday, reaching $624.65. The stock had a trading volume of 4,448,296 shares, compared to its average volume of 5,588,566. The company has a market cap of $56.66 billion, a P/E ratio of -7.94 and a beta of 1.64. The company has a current ratio of 1.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12-month low of $215.35 and a 12-month high of $1,143.00. The business has a 50-day simple moving average of $877.15 and a 200 day simple moving average of $805.47.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. On average, sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.93 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In other news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction on 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 owned 75,074 shares in the company, valued at $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,496 shares of company stock valued at $85,978,498 over the last three months. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Lumentum

Several large investors have recently made changes to their positions in the business. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Lumentum in the 1st quarter worth approximately $2,046,000. Styrax Capital LP lifted its holdings in 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 purchasing an additional 4,837 shares during the last quarter. Swiss National Bank increased its holdings in Lumentum by 47.2% during 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 in the last quarter. Franchise GP Ltd boosted its stake in Lumentum by 201.7% in 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 in the last quarter. Finally, Triglav Investments D.O.O. bought a new stake in Lumentum during the 1st quarter worth about $2,945,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum News Roundup

Investors following LITE have been watching these news items:

Positive Sentiment: Lumentum gained amid a broad technology rally on Nov. 11, suggesting sector strength provided a tailwind to the shares. Lumentum rises 15% amid broad technology rally
Neutral Sentiment: Marvell added three independent directors to its board ahead of its proposed acquisition of Lumentum. The move is relevant to the transaction, but the report does not indicate a change to its terms or completion status. Marvell adds three independent directors to board ahead of proposed Lumentum acquisition
Negative Sentiment: Market commentary described a lukewarm initial response to Marvell’s proposed $115 billion acquisition of Lumentum, contributing to the shares’ weakness ahead of the market open. Lumentum Slips on Deal Reaction

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Stonex Financial upgraded Lumentum to a “strong-buy” rating in a research note on Monday, October 26th. Weiss Ratings lowered Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. Finally, Raymond James Financial raised Lumentum from a “moderate buy” rating to a “strong-buy” rating and set a $1,328.00 price objective on the stock in a research note on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,053.17.

Get Our Latest Stock Report on Lumentum

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

(Get Free Report)

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.