Lumentum (NASDAQ:LITE) Director Sells $3,189,095.00 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Ian Small sold 3,500 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $911.17, for a total transaction of $3,189,095.00. Following the completion of the transaction, the director directly owned 25,962 shares in the company, valued at $23,655,795.54. The trade was a 11.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Lumentum Trading Down 2.8%

NASDAQ LITE opened at $1,001.81 on Friday. The firm’s 50-day moving average is $804.16 and its two-hundred day moving average is $532.16. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a market capitalization of $77.94 billion, a P/E ratio of 185.52 and a beta of 1.53.

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

Hedge Funds Weigh In On Lumentum

Hedge funds have recently modified their holdings of the business. Federated Hermes Inc. grew its position in shares of Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after acquiring an additional 357,367 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lumentum during the fourth quarter worth approximately $6,755,000. Headwater Capital Co Ltd acquired a new stake in shares of Lumentum during the third quarter worth $20,339,000. Estate Counselors LLC purchased a new position in Lumentum in the 4th quarter valued at $4,239,000. Finally, China Universal Asset Management Co. Ltd. purchased a new position in Lumentum in the 3rd quarter valued at $1,383,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can trigger buying from index funds and boost visibility with large institutional investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Lumentum was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and reinforcing momentum-buying interest. What Makes Lumentum (LITE) a New Strong Buy Stock
• Positive Sentiment: Commentary highlighted that Lumentum’s Components business is accelerating, with AI optics demand surging and key products sold out, suggesting stronger revenue potential ahead. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Positive Sentiment: Northland Securities raised earnings estimates for Lumentum, adding to the view that the company’s profit outlook is improving. Lumentum stock report
• Neutral Sentiment: Recent coverage also notes that Lumentum’s strong rally has pushed the stock to fresh highs, which can attract momentum buyers but also raise valuation questions.
• Neutral Sentiment: Insider selling was reported this week, but the transactions were made under pre-arranged trading plans, so they appear less likely to signal a major change in fundamentals.

Analysts Set New Price Targets

LITE has been the topic of several research reports. Craig Hallum increased their price target on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $1,014.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Bank of America raised their target price on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group raised their target price on shares of Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Susquehanna raised their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a report on Monday, April 20th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

Lumentum Company 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.