Tactive Advisors LLC Buys Shares of 718 Lumentum Holdings Inc. $LITE

Tactive Advisors LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 718 shares of the technology company’s stock, valued at approximately $616,000.

Other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after buying an additional 680 shares during the period. Hsbc Holdings PLC purchased a new stake in Lumentum in the 2nd quarter worth approximately $298,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Lumentum in the 2nd quarter worth approximately $1,712,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-photonics rally: Lumentum benefited from broad strength across “AI pick-and-shovel” stocks. Strong results from peers helped reinforce expectations that rising data-center connectivity requirements will support demand for optical and photonic products. These AI ‘Pick and Shovel’ Plays Soared on Friday
• Positive Sentiment: Potential China-related tailwind: Reports that the Federal Communications Commission could restrict imports of new Chinese optical transceivers are raising the possibility of greater market share and pricing opportunities for U.S.-based suppliers such as Lumentum. Analysts have cited an approximately $1,100 price target and continued earnings-growth potential. The Trump Administration Could Soon Create the ‘Mother of All’ AI Bottlenecks LITE Stock Alert: Analysts See Big Upside Ahead for Lumentum
• Positive Sentiment: Strong growth expectations ahead of earnings: Lumentum is expected to report fiscal fourth-quarter results Tuesday. Investors are focused on whether strong AI optics demand and the ramp of 1.6-terabit transceivers can drive another strong quarter, with options markets anticipating significant volatility around the release. Should Lumentum Stock Be in Your Portfolio Pre-Q4 Earnings? Nvidia-Backed Lumentum Reports Earnings Tuesday
• Neutral Sentiment: Peer confirmation: Applied Optoelectronics’ sharply higher second-quarter revenue and gains among other optical suppliers provided additional evidence of robust industry demand, helping lift sentiment toward Lumentum. Applied Optoelectronics Zooms Higher on Quarterly Results
• Negative Sentiment: Execution and valuation risks: Supply constraints could limit Lumentum’s ability to capitalize on AI demand, while the stock’s substantial 2026 advance and elevated valuation leave it vulnerable to an earnings miss, cautious guidance, or profit-taking. Lumentum: You Snooze, You Lose

Insider Buying and Selling

In related news, SVP Jae Kim sold 1,422 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $1,356,516.90. Following the transaction, the senior vice president directly owned 32,333 shares of the company’s stock, valued at approximately $30,844,065.35. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the transaction, the director owned 6,984 shares of the company’s stock, valued at approximately $6,984,558.72. This 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. Over the last three months, insiders have sold 37,760 shares of company stock valued at $35,670,125. 0.43% of the stock is owned by insiders.

Lumentum Stock Up 6.2%

Shares of NASDAQ LITE opened at $890.17 on Friday. The stock has a fifty day moving average price of $815.23 and a 200 day moving average price of $753.92. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12-month low of $111.20 and a 12-month high of $1,085.68. The company has a market cap of $69.26 billion, a P/E ratio of 164.85 and a beta of 1.50.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley upped their target price on Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Northland Securities increased their target price on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Loop Capital raised their price target on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, TD Cowen dropped their price objective on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

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.