Van Hulzen Asset Management LLC Takes $644,000 Position in Lumentum Holdings Inc. $LITE

Van Hulzen Asset Management LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, Holdings Channel.com reports. The fund bought 750 shares of the technology company’s stock, valued at approximately $644,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LITE. Paradigm Capital Management LLC NV purchased a new position in Lumentum during the second quarter valued at $327,000. Front Street Capital Management Inc. bought a new stake in Lumentum in the 2nd quarter valued at $36,929,000. Fiduciary Financial Advisors purchased a new stake in Lumentum in the 2nd quarter worth $42,000. L2 Asset Management LLC purchased a new stake in Lumentum in the 2nd quarter worth $343,000. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of Lumentum during the 2nd quarter valued at about $28,831,000. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In other news, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’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 sale, the director directly owned 6,984 shares of the company’s stock, valued at $6,984,558.72. This trade represents a 16.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 2,483 shares of Lumentum stock in a transaction that occurred on 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 completion of the transaction, the insider owned 109,438 shares of the company’s stock, valued at approximately $90,594,965.16. This trade represents a 2.22% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 16,352 shares of company stock valued at $14,315,562. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LITE. Craig Hallum raised their price objective on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Bank of America dropped their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $830.17 on Tuesday. The firm has a fifty day simple moving average of $807.22 and a two-hundred day simple moving average of $795.58. Lumentum Holdings Inc. has a 52 week low of $119.25 and a 52 week high of $1,085.68. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $74.47 billion, a P/E ratio of -10.10 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last announced its earnings results 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same period in the prior year, the company earned $0.88 EPS. The business’s 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, analysts expect that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analyst estimates increased. Northland Securities raised its Q1 EPS estimates for Lumentum, suggesting improving expectations for the company’s near-term profitability. Q1 EPS Estimates for Lumentum Raised by Northland Securities
• Positive Sentiment: AI demand and guidance remain potential catalysts. Lumentum’s latest results included sharply higher sales, revenue growth of 109.3% year over year, and Q1 fiscal 2027 EPS guidance of $4.05 to $4.35. These trends support the view that demand for optical components used in AI infrastructure could drive better results ahead. Lumentum stock sinks. Why better times may be ahead
• Neutral Sentiment: Strong operating performance is competing with valuation concerns. Lumentum exceeded quarterly EPS and revenue estimates, but investors are reassessing whether its substantial year-to-date gains already reflect much of the AI opportunity. The stock has pulled back 10.55% over the past week and 4.84% over the past three months. Lumentum Holdings (LITE) As AI Demand And Fresh Guidance Put Valuation In Focus
• Negative Sentiment: Reported losses and peer weakness pressured sentiment. Despite adjusted earnings and revenue beats, Lumentum swung to a sizeable net loss. Shares also declined alongside optical-communications peers Coherent and Applied Optoelectronics, with Applied Optoelectronics’ planned $600 million equity offering adding concern about dilution and broader sector conditions. Coherent and Lumentum AI optics suppliers earnings analysis
• Negative Sentiment: Insider selling may weigh on confidence. CEO Michael Hurlston sold 6,185 shares valued at approximately $5.1 million, reducing his direct holdings by about 5%; an SVP also sold roughly $1.6 million in stock. These transactions do not necessarily indicate deteriorating fundamentals but can add short-term selling pressure. Lumentum CEO stock sale

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.