Sanctuary Advisors LLC grew its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 89.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,629 shares of the technology company’s stock after buying an additional 5,482 shares during the period. Sanctuary Advisors LLC’s holdings in Lumentum were worth $8,172,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum during the 1st quarter valued at approximately $25,000. Sachetta LLC boosted its holdings in 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 during the period. V Square Quantitative Management LLC acquired a new position in Lumentum in the fourth quarter worth $28,000. Truvestments Capital LLC increased its stake in Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after purchasing an additional 57 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in Lumentum during the fourth quarter valued at $30,000. 94.05% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Lumentum
In related news, Director Ian Small sold 4,954 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the transaction, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This represents a 19.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the sale, the director owned 8,400 shares in the company, valued at approximately $7,224,000. This represents a 32.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by insiders.
Key Stories Impacting Lumentum
- Positive Sentiment: Analysts highlighted Lumentum’s record laser-chip shipments and capacity expansion, suggesting the company is well positioned to benefit from surging AI networking demand. Can Lumentum’s AI Laser Chip Demand Accelerate Revenue Growth?
- Positive Sentiment: Lumentum was upgraded to Zacks Rank #2 (Buy) after earnings estimates were raised, which signals improving sentiment around near-term earnings prospects. Lumentum (LITE) Upgraded to Buy: What Does It Mean for the Stock?
- Positive Sentiment: Coverage comparing Lumentum with Applied Digital favored Lumentum’s stronger execution, AI-driven growth, and lower valuation, reinforcing the stock’s appeal to growth investors. LITE vs. APLD: Which AI Infrastructure Stock Offers Better Growth?
- Neutral Sentiment: UBS reaffirmed its Hold rating, which may temper enthusiasm even as the broader AI-demand story remains constructive. UBS Reaffirms Their Hold Rating on Lumentum Holdings (LITE)
- Neutral Sentiment: Citi’s addition of Lumentum to a 90-day catalyst watch suggests traders are watching for near-term catalysts, but it does not by itself change the fundamental outlook. Lumentum in focus as Citi adds 90-day catalyst watch
- Negative Sentiment: Some articles point to valuation and analyst-watch attention rather than confirmed new financial results, so the stock could be vulnerable if AI demand growth or execution does not continue to meet high expectations.
Lumentum Trading Up 3.8%
Shares of NASDAQ:LITE opened at $732.82 on Friday. The company has a market cap of $57.01 billion, a PE ratio of 135.71 and a beta of 1.48. The company’s 50-day moving average price is $865.06 and its 200 day moving average price is $710.76. Lumentum Holdings Inc. has a fifty-two week low of $97.55 and a fifty-two week high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.
Lumentum (NASDAQ:LITE – Get Free Report) last posted its earnings results 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 net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Lumentum’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. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.4 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have recently issued reports on LITE. Raymond James Financial restated an “outperform” rating and issued a $1,014.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Barclays raised their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Stifel Nicolaus upped their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup reiterated a “buy” rating on shares of Lumentum in a research report on Thursday. Finally, Citic Securities raised their price target on Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,012.67.
Read Our Latest Stock Analysis on Lumentum
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.
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