Oakmont Investment Advisors Inc. Takes $861,000 Position in Lumentum Holdings Inc. $LITE

Oakmont Investment Advisors Inc. purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,004 shares of the technology company’s stock, valued at approximately $861,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in Lumentum during the first quarter valued at about $25,000. Sachetta LLC increased its stake in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after purchasing an additional 57 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Lumentum in the fourth quarter valued at approximately $30,000. Finally, Danske Bank A S bought a new stake in shares of Lumentum in the third quarter valued at approximately $33,000. 94.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 38,663 shares of Lumentum stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the completion of the sale, the insider owned 78,440 shares of the company’s stock, valued at approximately $66,877,159.60. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Hurlston sold 548 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total value of $525,345.68. Following the completion of the transaction, the chief executive officer owned 186,951 shares in the company, valued at $179,222,445.66. This represents a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 65,147 shares of company stock worth $55,812,856. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LITE has been the subject of several analyst reports. UBS Group set a $820.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Morgan Stanley increased their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Mizuho raised their price target on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Citic Securities lifted their price target on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Finally, Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,053.83.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $881.26 on Friday. The company has a 50 day moving average of $814.62 and a 200 day moving average of $815.74. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock has a market cap of $79.05 billion, a P/E ratio of -10.72 and a beta of 1.53. Lumentum Holdings Inc. has a 12 month low of $144.20 and a 12 month high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) 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 business 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 posted $0.88 EPS. The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-photonics rally: Lumentum gained alongside Coherent and other optical-networking stocks as investors focused on rising demand for lasers and optical components used to connect high-performance AI chips. Optical-photonics stocks article
• Positive Sentiment: Favorable analyst coverage: Deutsche Bank initiated coverage with a Buy rating, while Evercore also began research coverage. New institutional coverage can improve visibility and support investor interest in LITE. Deutsche Bank coverage article Evercore coverage article
• Positive Sentiment: AI infrastructure fundamentals remain strong: Recent results showed approximately $1.01 billion in quarterly revenue, adjusted EPS of $3.23, and guidance for $1.225 billion–$1.275 billion in revenue. Nvidia’s investment and purchase commitment for Lumentum’s laser components further reinforce the AI-demand thesis.
• Neutral Sentiment: Portfolio concentration warning: One analysis said LITE’s roughly 680% advance can make it an outsized portfolio position. The article remained positive on the business but advised investors to reassess position sizing after the substantial rally. Lumentum portfolio concentration article
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis argued that Lumentum has become too expensive following its dramatic run, creating a potential headwind if growth or AI infrastructure spending fails to exceed already-high expectations. Lumentum valuation article
• Negative Sentiment: Insider selling: Yuen Wupen sold two separate blocks of 500 shares for a combined $862,245. Both trades were conducted under a pre-arranged Rule 10b5-1 plan and represented only 0.43% of the insider’s holdings, making the signal relatively limited.

Lumentum 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.