Lumentum (NASDAQ:LITE) Insider Vincent Retort Sells 2,483 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 2,483 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $2,055,477.06. Following the transaction, the insider directly owned 109,438 shares of the company’s stock, valued at $90,594,965.16. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.

Vincent Retort also recently made the following trade(s):

• On Tuesday, August 18th, Vincent Retort sold 3,183 shares of Lumentum stock. The shares were sold at an average price of $909.43, for a total value of $2,894,715.69.

Lumentum Trading Down 1.4%

NASDAQ LITE opened at $866.71 on Friday. The stock has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. The stock’s 50 day moving average price is $809.76 and its two-hundred day moving average price is $790.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. Lumentum Holdings Inc. has a 52 week low of $115.89 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. During the same period last year, the business earned $0.88 EPS. The business’s quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on LITE. Bank of America dropped their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Craig Hallum lifted their price objective on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. BNP Paribas Exane boosted their price objective on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Northland Securities raised their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus raised their price objective on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One investment 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 company’s stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,044.67.

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

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently modified their holdings of LITE. Three Seasons Wealth LLC boosted its stake in shares of Lumentum by 251.2% during the second quarter. Three Seasons Wealth LLC now owns 4,502 shares of the technology company’s stock valued at $3,863,000 after purchasing an additional 3,220 shares in the last quarter. SMART Wealth LLC lifted its stake in shares of Lumentum by 74.0% in the second quarter. SMART Wealth LLC now owns 3,258 shares of the technology company’s stock worth $2,796,000 after acquiring an additional 1,386 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Lumentum by 150.4% in the second quarter. TD Waterhouse Canada Inc. now owns 27,429 shares of the technology company’s stock worth $21,978,000 after acquiring an additional 16,477 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Lumentum by 6.6% in the second quarter. Concurrent Investment Advisors LLC now owns 4,388 shares of the technology company’s stock valued at $3,765,000 after acquiring an additional 270 shares during the last quarter. Finally, NEOS Investment Management LLC increased its position in Lumentum by 416.9% during the 2nd quarter. NEOS Investment Management LLC now owns 53,187 shares of the technology company’s stock valued at $45,638,000 after purchasing an additional 42,897 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.