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

Posted by Amy Steele 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

Shares of LITE stock traded down $60.72 during trading hours on Tuesday, hitting $992.37. The company’s stock had a trading volume of 7,519,852 shares, compared to its average volume of 5,849,987. The company has a 50 day moving average of $793.08 and a 200 day moving average of $520.30. The stock has a market cap of $77.21 billion, a PE ratio of 183.77 and a beta of 1.53. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12-month low of $71.04 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 5.96 EPS for the current fiscal year.

Trending Headlines about Lumentum

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.

Insider Activity

In other news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Lillie sold 11,951 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the transaction, the director directly owned 13,959 shares in the company, valued at approximately $13,702,712.76. The trade was a 46.13% decrease in their position. 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 90 days, insiders have sold 78,359 shares of company stock worth $53,062,952. Insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. boosted their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. UBS Group boosted their target price on shares of Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Susquehanna boosted their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research note on Monday, April 20th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,012.43.

View Our Latest Analysis on LITE

Institutional Investors Weigh In On Lumentum

Large investors have recently modified their holdings of the business. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum during the first quarter worth $25,000. Sachetta LLC grew its holdings in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum during the fourth quarter worth $28,000. Finally, Truvestments Capital LLC grew its holdings in shares of Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares in the last quarter. Hedge funds and other 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

(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.