Wellington Management Group LLP Decreases Holdings in Lumentum Holdings Inc. $LITE

Wellington Management Group LLP reduced its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 28.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,234 shares of the technology company’s stock after selling 48,070 shares during the period. Wellington Management Group LLP owned about 0.16% of Lumentum worth $104,026,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of Lumentum by 36.8% in the first 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 in the last quarter. NewEdge Advisors LLC boosted its position in shares of Lumentum by 109.9% in 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 in the last quarter. Empowered Funds LLC grew its stake in Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after acquiring an additional 680 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Lumentum during the 2nd quarter valued at about $298,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Lumentum during the 2nd quarter valued at about $1,712,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LITE. Wolfe Research restated an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. UBS Group set a $820.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Craig Hallum lifted their price objective on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their target price on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,053.83.

Insiders Place Their Bets

In other news, insider Vincent Retort sold 38,663 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the sale, the insider owned 78,440 shares in the company, valued at $66,877,159.60. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of Lumentum 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 completion of the sale, the insider directly owned 100,434 shares of the company’s stock, valued at approximately $83,141,273.88. This represents a 1.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 64,147 shares of company stock worth $54,950,611. 0.43% of the stock is owned by company insiders.

Lumentum Stock Performance

Shares of NASDAQ LITE opened at $868.95 on Wednesday. The company has a 50-day simple moving average of $813.06 and a 200-day simple moving average of $811.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market cap of $77.94 billion, a PE ratio of -10.57 and a beta of 1.50. Lumentum Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $1,085.68.

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 the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 109.3% compared to the same quarter last year. 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 earnings per share for the current year.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: New bullish analyst coverage: Evercore initiated coverage with an “Outperform” rating and a $1,100 price target, implying substantial upside from the referenced share price. This adds to a favorable analyst backdrop, including a broader Moderate Buy consensus. Lumentum Analyst Coverage
• Positive Sentiment: AI optical demand supports growth: Lumentum is benefiting from rising demand for high-speed optical interconnects used in AI data centers. Its focus on optical circuit switching, co-packaged optics and near-package optics could expand its addressable market, although Marvell and NVIDIA remain important competitors. Lumentum AI Optics Growth
• Positive Sentiment: Strategic investment and manufacturing expansion: A multibillion-dollar AI-related investment, including a sizeable NVIDIA stake, and plans for a U.S. fabrication facility targeting 800-gigabit and 1.6-terabit optical interconnects reinforce Lumentum’s role in AI infrastructure. Lumentum AI Investment and Fab
• Neutral Sentiment: Technical setup remains constructive but demanding: After a roughly 140% gain in 2025, Lumentum is consolidating for about 15 weeks below its record high. Investors are watching for a breakout above that level as a potential new buy point. Lumentum Technical Setup
• Negative Sentiment: Competition and elevated expectations are risks: The strong AI-driven rally has increased valuation and execution expectations, while NVIDIA and Marvell are expanding in adjacent optical and connectivity markets. Any slowdown in AI infrastructure spending or difficulty scaling new products could pressure the shares.

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.