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

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold $1,001–$15,000 of Lumentum stock on July 17, according to a disclosure filed September 4. He also reported several other recent purchases and sales across healthcare, technology, financial and industrial companies.
• Lumentum reported quarterly earnings of $3.23 per share, beating the $2.97 consensus estimate, while revenue rose 109.3% year over year to $1.01 billion. The company guided to fiscal Q1 2027 EPS of $4.05–$4.35.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $1,053.83, compared with a reported opening price of $881.26. Institutional investors and hedge funds own approximately 94.05% of the stock.

Representative 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 LITE opened at $881.26 on Tuesday. Lumentum Holdings Inc. has a 52 week low of $144.20 and a 52 week high of $1,085.68. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. 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 stock has a 50 day moving average of $815.21 and a 200-day moving average of $819.50.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. Lumentum's quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LITE. Morgan Stanley boosted their price objective on Lumentum from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 12th. Zacks Research upgraded Lumentum from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Wolfe Research reiterated an "outperform" rating on shares of Lumentum in a research report on Friday, August 21st. Weiss Ratings cut Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. Finally, Raymond James Financial reissued an "outperform" rating and set a $1,036.00 price target on shares of Lumentum in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given 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 presently has an average rating of "Moderate Buy" and a consensus target price of $1,053.83.

Hedge Funds Weigh In On Lumentum

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Lumentum by 112,343.2% during the 2nd quarter. California State Teachers Retirement System now owns 92,237,160 shares of the technology company's stock valued at $79,145,018,000 after purchasing an additional 92,155,130 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of Lumentum in the 2nd quarter worth approximately $1,621,396,000. Arrowstreet Capital Limited Partnership lifted its stake in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company's stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the last quarter. Norges Bank bought a new stake in Lumentum during the fourth quarter worth approximately $474,495,000. Finally, Value Aligned Research Advisors LLC bought a new position in shares of Lumentum in the fourth quarter valued at $432,062,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jae Kim sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the sale, the senior vice president owned 37,804 shares in the company, valued at approximately $32,230,934.32. This represents a 24.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total value of $525,345.68. Following the completion of the sale, the chief executive officer owned 186,951 shares of the company's stock, valued at $179,222,445.66. The trade was a 0.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 65,147 shares of company stock valued at $55,812,856. 0.43% of the stock is owned by insiders.

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, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.