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

Posted by Francis Steltz on May 15th, 2026

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) Director Pamela Fletcher sold 1,578 shares of Lumentum stock in a transaction dated Friday, May 15th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available 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 Performance

Shares of NASDAQ LITE traded down $31.11 during midday trading on Friday, hitting $970.70. 10,125,523 shares of the company’s stock were exchanged, compared to its average volume of 6,033,200. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $75.52 billion, a PE ratio of 179.76 and a beta of 1.53. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68. The company’s 50 day moving average price is $804.16 and its 200 day moving average price is $532.16.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same quarter last year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, analysts predict that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Rosenblatt Securities boosted their price objective on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Citigroup lifted their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.43.

Read Our Latest Stock Analysis on Lumentum

Institutional Trading of Lumentum

Several hedge funds have recently added to or reduced their stakes in LITE. Federated Hermes Inc. raised its position in shares of Lumentum by 7,168.8% in the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after buying an additional 357,367 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Lumentum in the 4th quarter valued at $6,755,000. Headwater Capital Co Ltd bought a new stake in shares of Lumentum during the 3rd quarter valued at $20,339,000. Estate Counselors LLC bought a new stake in shares of Lumentum during the 4th quarter valued at $4,239,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of Lumentum during the 3rd quarter valued at $1,383,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Lumentum

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

Lumentum Company Profile

(Get Free Report)

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.