Lumentum (NASDAQ:LITE) Director Pamela Fletcher Sells 1,578 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Pamela Fletcher sold 1,578 shares of Lumentum stock in a transaction on Friday, May 15th. The shares were sold at an average price of $940.82, for a total value of $1,484,613.96. Following the transaction, the director owned 7,406 shares of the company’s stock, valued at $6,967,712.92. The trade was a 17.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pamela Fletcher also recently made the following trade(s):

• On Thursday, May 14th, Pamela Fletcher sold 1,577 shares of Lumentum stock. The shares were sold at an average price of $1,003.38, for a total value of $1,582,330.26.

Lumentum Stock Down 3.1%

LITE stock opened at $970.70 on Friday. Lumentum Holdings Inc. has a 1-year low of $71.04 and a 1-year high of $1,085.68. The business has a fifty day moving average price of $809.96 and a 200-day moving average price of $535.23. 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 $75.52 billion, a P/E ratio of 179.76 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same period last year, the company earned $0.57 EPS. Lumentum’s revenue for the quarter was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts forecast that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LITE shares. Citic Securities lifted their price objective on Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. UBS Group lifted their price objective on Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. Finally, Loop Capital lifted 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 investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
• Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
• Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
• Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18

Institutional Trading of Lumentum

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. grew its holdings in Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after purchasing an additional 357,367 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Lumentum in the fourth quarter worth about $6,755,000. Headwater Capital Co Ltd bought a new position in shares of Lumentum in the third quarter worth about $20,339,000. Estate Counselors LLC bought a new position in shares of Lumentum in the fourth quarter worth about $4,239,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in shares of Lumentum in the third quarter worth about $1,383,000. Institutional investors own 94.05% of the company’s stock.

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.