Lumentum (NASDAQ:LITE) Shares Unloaded Rep. Gilbert Ray Cisneros, Jr.
by Tristan Rich · The Markets DailyRepresentative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Lumentum Holdings Inc. (NASDAQ:LITE). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lumentum stock on July 17th. 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 $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
- Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
- Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
- Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
- Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
- Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
- Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
- Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
- Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
- Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.
Lumentum Price Performance
Shares of NASDAQ:LITE opened at $881.26 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of -10.72 and a beta of 1.53. The business has a 50-day simple moving average of $815.21 and a two-hundred day simple moving average of $819.50. Lumentum Holdings Inc. has a fifty-two week low of $144.20 and a fifty-two week high of $1,085.68.
Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.
Hedge Funds Weigh In On Lumentum
Several large investors have recently added to or reduced their stakes in LITE. Nomura Asset Management Co. Ltd. boosted its stake in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after acquiring an additional 114,714 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Lumentum during the 1st quarter valued at approximately $2,046,000. Styrax Capital LP lifted its holdings in Lumentum by 3.6% in the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after purchasing an additional 4,837 shares in the last quarter. Whittier Trust Co. lifted its holdings in Lumentum by 21,806.5% in the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after purchasing an additional 73,706 shares in the last quarter. Finally, Andar Capital Management HK Ltd bought a new position in Lumentum in the 4th quarter worth approximately $4,325,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Insider Activity at Lumentum
In other news, CEO Michael Hurlston sold 548 shares of Lumentum stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer owned 186,951 shares in the company, valued at $179,222,445.66. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yuen Wupen sold 500 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $860.00, for a total transaction of $430,000.00. Following the completion of the transaction, the insider directly owned 116,127 shares in the company, valued at $99,869,220. This trade represents a 0.43% 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 sold 65,147 shares of company stock valued at $55,812,856. Corporate insiders own 0.43% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Citigroup restated a “buy” rating on shares of Lumentum in a research note on Wednesday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,040.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Lumentum in a report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price on the stock. Finally, Northland Securities upped their price target on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,053.83.
View Our Latest 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.
Lumentum Company Profile
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.