Lumentum (NASDAQ:LITE) SVP Jae Kim Sells 1,933 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 1,933 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $950.99, for a total value of $1,838,263.67. Following the completion of the sale, the senior vice president directly owned 35,114 shares of the company’s stock, valued at $33,393,062.86. The trade was a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lumentum Stock Performance

Shares of LITE opened at $992.37 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $77.21 billion, a PE ratio of 183.77 and a beta of 1.53. The company’s 50 day simple moving average is $793.08 and its 200-day simple moving average is $520.30. Lumentum Holdings Inc. has a 12-month low of $71.04 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities analysts predict that Lumentum Holdings Inc. will post 5.96 EPS for the current year.

Lumentum News Summary

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.

Institutional Trading of Lumentum

A number of institutional investors have recently modified their holdings of LITE. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum in the first quarter valued at approximately $25,000. Sachetta LLC boosted its stake in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $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 in the fourth quarter valued at approximately $28,000. Finally, Truvestments Capital LLC boosted its stake in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BNP Paribas Exane lifted their target price on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Citigroup lifted their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their target price on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $1,012.43.

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.