Commerce Bank Buys Shares of 9,588 Lumentum Holdings Inc. $LITE

Commerce Bank purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,588 shares of the technology company’s stock, valued at approximately $8,227,000.

Several other institutional investors and hedge funds have also modified their holdings of LITE. Quantbot Technologies LP purchased a new stake in shares of Lumentum in the 2nd quarter worth $1,000,000. Evolve Private Wealth LLC bought a new stake in Lumentum during the second quarter valued at about $243,000. Farringdon Capital Ltd. purchased a new stake in Lumentum in the second quarter worth about $232,000. Varma Mutual Pension Insurance Co bought a new position in shares of Lumentum in the second quarter worth about $14,673,000. Finally, George Kaiser Family Foundation purchased a new position in shares of Lumentum during the 2nd quarter valued at about $248,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $1,040.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Barclays upped their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Citic Securities increased their price objective on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Wolfe Research restated an “outperform” rating on shares of Lumentum in a research report on Friday. Finally, Raymond James Financial restated an “outperform” rating and set a $1,036.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,044.67.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Lumentum Price Performance

NASDAQ LITE opened at $866.71 on Monday. Lumentum Holdings Inc. has a 12 month low of $115.89 and a 12 month 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 stock has a market cap of $77.74 billion, a PE ratio of -10.54 and a beta of 1.50. The stock’s 50 day moving average is $809.76 and its 200 day moving average is $792.80.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company’s revenue was up 109.3% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

Insider Activity at Lumentum

In other Lumentum news, insider Yuen Wupen sold 1,500 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the sale, the insider owned 100,434 shares in the company, valued at $83,141,273.88. The trade was a 1.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $2,894,715.69. Following the transaction, the insider directly owned 114,495 shares of the company’s stock, valued at $104,125,187.85. This trade represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,352 shares of company stock worth $14,315,562 in the last three months. Insiders own 0.43% of the company’s stock.

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.