24,868 Shares in Lumentum Holdings Inc. $LITE Purchased by VMS Asset Management Limited

VMS Asset Management Limited bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, Holdings Channel.com reports. The firm bought 24,868 shares of the technology company’s stock, valued at approximately $9,166,000. Lumentum makes up 3.5% of VMS Asset Management Limited’s investment portfolio, making the stock its 4th biggest position.

Several other large investors have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after buying an additional 47 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Lumentum by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock worth $5,208,000 after buying an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in Lumentum by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after buying an additional 64 shares during the period. IFP Advisors Inc lifted its position in Lumentum by 9.6% during the fourth quarter. IFP Advisors Inc now owns 822 shares of the technology company’s stock worth $303,000 after buying an additional 72 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Lumentum by 58.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after buying an additional 76 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Ian Small sold 4,954 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares in the company, valued at approximately $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the sale, the director owned 6,984 shares of the company’s stock, valued at approximately $6,984,558.72. This trade represents a 16.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 41,260 shares of company stock valued at $38,859,220. Company insiders own 0.43% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its price target on Lumentum to $1,200 from $1,000 and kept an “outperform” rating, reinforcing bullish expectations for the stock.
• Positive Sentiment: Analyst coverage remains supportive, with the company receiving an average rating of “Moderate Buy,” which can help sustain investor confidence. Article Title
• Positive Sentiment: Lumentum announced a $650.4 million private share exchange transaction tied to its 0.50% convertible notes due 2028, a move that may be viewed as improving balance-sheet flexibility and reducing near-term financing overhang. Article Title
• Positive Sentiment: Investor attention remains centered on Lumentum’s AI optics exposure after news highlighting Nvidia’s shift toward optical interconnects and Lumentum’s role in that supply chain, which supports the company’s growth narrative. Article Title
• Neutral Sentiment: A director sold 1,416 shares under a pre-arranged 10b5-1 plan. While disclosed as routine, insider selling can still create some caution among investors. Article Title
• Neutral Sentiment: Several articles revisited why LITE has been soft since its last earnings report, but those pieces mainly point to valuation and post-earnings digestion rather than a fresh negative catalyst. Article Title

Lumentum Price Performance

LITE stock opened at $945.08 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. Lumentum Holdings Inc. has a 1 year low of $80.39 and a 1 year high of $1,085.68. The firm has a market cap of $73.53 billion, a P/E ratio of 175.02 and a beta of 1.47. The stock has a 50-day simple moving average of $878.56 and a 200-day simple moving average of $606.00.

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 return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LITE shares. JPMorgan Chase & Co. raised their price objective on Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $1,014.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. Stifel Nicolaus raised their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley raised their price objective on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Loop Capital raised their price objective on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.95.

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.