Proficio Capital Partners LLC Invests $520,000 in Lumentum Holdings Inc. $LITE

Proficio Capital Partners LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 606 shares of the technology company’s stock, valued at approximately $520,000.

Other hedge funds also recently added to or reduced their stakes in the company. Jupiter Topco LLC purchased a new stake in Lumentum in the 2nd quarter worth about $1,621,396,000. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 buying an additional 1,545,199 shares during the period. Norges Bank bought a new position in shares of Lumentum during the fourth quarter valued at approximately $474,495,000. Value Aligned Research Advisors LLC bought a new position in shares of Lumentum during the fourth quarter valued at approximately $432,062,000. Finally, Situational Awareness LP raised its holdings in shares of Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after buying an additional 880,800 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Insider Transactions at Lumentum

In related news, CEO Michael E. Hurlston sold 548 shares of the company’s stock in a transaction dated 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 directly owned 186,951 shares of the company’s stock, valued at $179,222,445.66. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jae Kim sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the transaction, the senior vice president directly owned 37,804 shares in the company, valued at $32,230,934.32. This trade represents a 24.09% 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. Over the last three months, insiders have sold 64,147 shares of company stock valued at $54,950,611. Insiders own 0.43% of the company’s stock.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Evercore begins coverage with an Outperform rating: Evercore initiated coverage with a $1,100 price target, indicating meaningful potential upside from the referenced trading level. The call strengthens Lumentum’s generally favorable analyst outlook, which includes a Moderate Buy consensus and an average target of about $1,054. Evercore Lumentum Coverage
• Positive Sentiment: AI demand remains the primary growth catalyst: Lumentum is benefiting from rising demand for optical interconnects used in AI data centers. Its work on optical circuit switching, co-packaged optics and near-package optics could expand its addressable market. Recent earnings also showed strong momentum, with revenue more than doubling year over year and adjusted EPS exceeding expectations. Lumentum AI Optics Growth
• Neutral Sentiment: Shares remain in consolidation: After a substantial AI-driven rally, LITE has spent roughly 15 weeks consolidating below its record high. A breakout could attract momentum investors, but the setup also reflects elevated expectations. Lumentum Technical Setup
• Negative Sentiment: Insider selling adds a modest cautionary signal: Insider Yuen Wupen sold 500 shares at an average price of $895 after selling another 500 shares at approximately $941 on August 28. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, and the latest sale reduced the insider’s holdings by only 0.42%, limiting its significance. Lumentum Insider Sale
• Negative Sentiment: Valuation and competition remain risks: Lumentum’s large rally has raised execution expectations, while NVIDIA and Marvell compete in adjacent optical and connectivity markets. Any slowdown in AI infrastructure spending or difficulty scaling new products could pressure the stock.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of research analyst reports. Mizuho raised their price target on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. increased their target price on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Morgan Stanley lifted their target price 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. Finally, Northland Securities boosted their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research note 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,053.83.

Lumentum Stock Up 0.2%

Shares of NASDAQ:LITE opened at $870.58 on Thursday. Lumentum Holdings Inc. has a 52-week low of $130.97 and a 52-week high of $1,085.68. The stock has a market cap of $78.09 billion, a P/E ratio of -10.59 and a beta of 1.53. The business’s 50 day moving average is $813.66 and its 200 day moving average is $813.27. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the company posted $0.88 EPS. Lumentum’s revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Lumentum 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.