Jae Kim Sells 1,366 Shares of Lumentum (NASDAQ:LITE) Stock

Posted by Geri Gentry on Aug 20th, 2026

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) SVP Jae Kim sold 1,366 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $1,242,281.38. Following the completion of the transaction, the senior vice president owned 45,973 shares in the company, valued at $41,809,225.39. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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.

Lumentum Price Performance

NASDAQ:LITE opened at $827.60 on Thursday. Lumentum Holdings Inc. has a 52 week low of $111.20 and a 52 week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The firm’s 50-day simple moving average is $811.06 and its 200 day simple moving average is $786.24. The firm has a market cap of $74.24 billion, a price-to-earnings ratio of -10.07 and a beta of 1.50.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the previous year, the firm 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 predict that Lumentum Holdings Inc. will post 16.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LITE. BNP Paribas Exane increased their price target on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. UBS Group set a $820.00 target price on Lumentum in a research report on Wednesday, August 12th. Bank of America reduced their target price on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,036.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,044.67.

Check Out Our Latest Research Report on LITE

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently modified their holdings of LITE. Nomura Asset Management Co. Ltd. grew its position in Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after acquiring an additional 114,714 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Lumentum during the first quarter worth about $2,046,000. Styrax Capital LP grew its holdings in Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after acquiring an additional 4,837 shares during the last quarter. Whittier Trust Co. increased its holdings in Lumentum by 21,806.5% in the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after purchasing an additional 73,706 shares during the period. Finally, Andar Capital Management HK Ltd acquired a new stake in shares of Lumentum in the fourth quarter valued at about $4,325,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider Sale

About Lumentum

(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.