Lumentum (NASDAQ:LITE) SVP Jae Kim Sells 1,904 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the transaction, the senior vice president owned 42,096 shares of the company’s stock, valued at $34,847,910.72. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.

Jae Kim also recently made the following trade(s):

• On Tuesday, August 18th, Jae Kim sold 1,366 shares of Lumentum stock. The shares were sold at an average price of $909.43, for a total value of $1,242,281.38.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $866.71 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $77.74 billion, a PE ratio of -10.54 and a beta of 1.50. The stock’s 50 day moving average price is $809.76 and its 200-day moving average price is $790.21. Lumentum Holdings Inc. has a twelve month low of $115.89 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its earnings results 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. 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. On average, equities analysts anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Hedge Funds Weigh In On Lumentum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its holdings in Lumentum by 45.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after purchasing an additional 114,714 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in Lumentum in the 1st quarter worth about $2,046,000. Styrax Capital LP grew its holdings in Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after buying an additional 4,837 shares in the last quarter. Whittier Trust Co. grew its stake in Lumentum by 21,806.5% during the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after acquiring an additional 73,706 shares in the last quarter. Finally, Andar Capital Management HK Ltd bought a new position in Lumentum in the fourth quarter valued at $4,325,000. Institutional investors own 94.05% of the company’s stock.

Lumentum News Roundup

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LITE shares. Morgan Stanley boosted their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Raymond James Financial restated an “outperform” rating and set a $1,036.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Mizuho lifted their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Craig Hallum upped their price objective on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $1,044.67.

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.