HighTower Advisors LLC Sells 2,013 Shares of Lumentum Holdings Inc. $LITE

HighTower Advisors LLC lowered its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 11.2% during the second quarter, HoldingsChannel.com reports. The firm owned 15,975 shares of the technology company’s stock after selling 2,013 shares during the period. HighTower Advisors LLC’s holdings in Lumentum were worth $13,707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LITE. Hilton Head Capital Partners LLC acquired a new position in Lumentum in the first quarter valued at about $25,000. Sachetta LLC grew its position in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the period. Truvestments Capital LLC increased its stake in shares of Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Lumentum in the 4th quarter valued at about $30,000. Finally, Danske Bank A S acquired a new stake in shares of Lumentum in the 3rd quarter valued at approximately $33,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum Trading Up 1.1%

Shares of NASDAQ:LITE opened at $988.98 on Thursday. The firm has a market cap of $88.71 billion, a price-to-earnings ratio of -12.03 and a beta of 1.53. Lumentum Holdings Inc. has a 12 month low of $144.52 and a 12 month high of $1,085.68. The company’s fifty day simple moving average is $821.38 and its 200 day simple moving average is $824.69. 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 posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.Lumentum’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-driven demand for high-speed optical networking is accelerating growth in Lumentum’s pump lasers, EMLs and continuous-wave lasers. The company is expanding capacity to address data-center demand, strengthening its competitive position relative to Broadcom and Applied Optoelectronics. LITE’s Laser Growth Accelerates: Can It Challenge AVGO & AAOI?
• Positive Sentiment: Recent financial performance supports the bullish narrative: fiscal 2026 revenue reached $3.01 billion, up 83.2% year over year, while fourth-quarter revenue more than doubled to approximately $1.006 billion. The latest quarter also exceeded consensus estimates for both revenue and earnings, and management issued fiscal Q1 2027 EPS guidance of $4.05 to $4.35. Lumentum’s $7.2 Billion Loss Was Not A Loss
• Positive Sentiment: Analyst coverage continues to identify Lumentum as a potential beneficiary of the AI data-center buildout. LITE was included among photonics stocks offering short-term upside as demand for optical connectivity expands. Buy 3 AI-Powered Photonics Stocks to Tap Solid Short-Term Price Upside
• Neutral Sentiment: At Citi’s Global TMT Conference, Lumentum discussed its growth opportunity and strategic position in AI-oriented optical networking, reinforcing the sector’s positive narrative but providing limited new quantitative information in the available report. Lumentum Presents at Citi’s 2026 Global TMT Conference
• Neutral Sentiment: Commentary comparing Lumentum with Coherent and other optical-networking companies highlights strong industry demand, while also emphasizing that the shares have already experienced a substantial rally and depend on continued data-center spending. 3 AI Optical Networking Stocks Positioned for the Data Center Buildout
• Negative Sentiment: Valuation and execution are key risks. With the stock trading at an elevated earnings multiple after its sharp advance, any slowdown in AI infrastructure spending, capacity expansion problems or weaker margins could trigger volatility. The reported headline loss also underscores the impact of accounting charges, even though commentary characterized it as largely non-economic. Lumentum: Speed Is Everything

Insider Buying and Selling

In other news, insider Yuen Wupen sold 500 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $860.00, for a total value of $430,000.00. Following the completion of the sale, the insider directly owned 116,127 shares of the company’s stock, valued at $99,869,220. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of Lumentum stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, the chief executive officer directly owned 186,951 shares of the company’s stock, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 65,147 shares of company stock worth $55,812,856. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LITE shares. Evercore assumed coverage on shares of Lumentum in a research report on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price objective on shares of Lumentum 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 report on Wednesday, August 12th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,053.83.

Lumentum Company Profile

Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.