John G Ullman & Associates Inc. Has $2.12 Million Position in Lumentum Holdings Inc. $LITE

John G Ullman & Associates Inc. reduced its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 84.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,760 shares of the technology company’s stock after selling 31,913 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Lumentum were worth $2,123,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Qsemble Capital Management LP grew its position in shares of Lumentum by 373.0% in the fourth quarter. Qsemble Capital Management LP now owns 18,709 shares of the technology company’s stock valued at $6,896,000 after purchasing an additional 14,754 shares during the last quarter. DNB Asset Management AS acquired a new stake in shares of Lumentum in the fourth quarter valued at about $2,037,000. Northwestern Mutual Investment Management Company LLC grew its position in shares of Lumentum by 2.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,863 shares of the technology company’s stock valued at $5,847,000 after purchasing an additional 304 shares during the last quarter. Donoghue Forlines LLC acquired a new stake in Lumentum during the fourth quarter worth about $2,308,000. Finally, AustralianSuper Pty Ltd acquired a new stake in Lumentum during the fourth quarter worth about $23,590,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Stock Performance

NASDAQ:LITE opened at $970.70 on Friday. Lumentum Holdings Inc. has a 1 year low of $71.04 and a 1 year high of $1,085.68. The firm has a 50 day moving average of $809.96 and a 200-day moving average of $535.23. 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 stock has a market capitalization of $75.52 billion, a P/E ratio of 179.76 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Lumentum’s quarterly revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
• Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
• Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
• Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18

Insider Buying and Selling

In other news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian Lillie sold 11,951 shares of Lumentum stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the completion of the transaction, the director owned 13,959 shares of the company’s stock, valued at $13,702,712.76. This trade represents a 46.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,488 shares of company stock valued at $27,115,961 in the last ninety days. 0.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LITE. Northland Securities set a $1,000.00 target price on Lumentum in a research report on Monday, April 20th. Raymond James Financial reissued an “outperform” rating and set a $1,014.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Rosenblatt Securities increased their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,012.43.

About Lumentum

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.