Gemmer Asset Management LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Gemmer Asset Management LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,768 shares of the technology company’s stock, valued at approximately $1,517,000.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its position in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after buying an additional 254 shares during the last quarter. NewEdge Advisors LLC raised its position in Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after buying an additional 6,275 shares during the last quarter. Empowered Funds LLC raised its position in Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Lumentum in the 2nd quarter worth $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lumentum in the 2nd quarter worth $1,712,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum News Summary

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 Activity

In related news, insider Yuen Wupen sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the transaction, the insider owned 100,434 shares of the company’s stock, valued at approximately $83,141,273.88. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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, SVP Jae Kim sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the sale, the senior vice president owned 37,804 shares in the company, valued at approximately $32,230,934.32. This trade represents a 24.09% 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. In the last three months, insiders sold 65,147 shares of company stock worth $55,812,856. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LITE. UBS Group set a $820.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $1,040.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Lumentum in a report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 price objective on the stock. 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. Finally, Citigroup reissued a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and a consensus price target of $1,053.83.

Lumentum Stock Up 1.1%

Lumentum stock opened at $988.98 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The stock’s fifty day moving average is $821.38 and its two-hundred day moving average is $824.69. Lumentum Holdings Inc. has a fifty-two week low of $144.52 and a fifty-two week high of $1,085.68. The firm has a market capitalization of $88.71 billion, a price-to-earnings ratio of -12.03 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.26. The business had revenue of $1.01 billion for 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%.The business’s revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts predict that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Lumentum 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.