Lumentum (NASDAQ:LITE) Shares Down 1.4% on Insider Selling

Posted by Geri Gentry on Aug 23rd, 2026

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) was down 1.4% during mid-day trading on Friday following insider selling activity. The stock traded as low as $855.01 and last traded at $866.71. Approximately 3,643,510 shares traded hands during trading, a decline of 36% from the average session volume of 5,713,662 shares. The stock had previously closed at $879.28.

Specifically, SVP Jae Kim sold 1,904 shares of the firm’s 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 $1,576,169.28. Following the completion of the transaction, the senior vice president owned 42,096 shares in the company, valued at $34,847,910.72. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a document filed 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. Also, insider Vincent Retort sold 2,483 shares of Lumentum stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $2,055,477.06. Following the sale, the insider owned 109,438 shares in the company, valued at $90,594,965.16. This represents a 2.22% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In related news, insider Yuen Wupen sold 500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $898.15, for a total value of $449,075.00. Following the sale, the insider directly owned 93,229 shares of the company’s stock, valued at $83,733,626.35. This represents a 0.53% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup reissued a “buy” rating on shares of Lumentum in a research report on Wednesday, August 12th. Craig Hallum upped their target price on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Barclays increased their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. TD Cowen lifted their price target on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Finally, UBS Group set a $820.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. One 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,044.67.

Get Our Latest Analysis on Lumentum

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Lumentum Stock Down 1.4%

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 company has a fifty day simple moving average of $809.76 and a 200 day simple moving average of $790.21. The firm has a market capitalization of $77.74 billion, a P/E ratio of -10.54 and a beta of 1.50.

Lumentum (NASDAQ:LITE – Get Free Report) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts expect that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

Institutional Trading of Lumentum

Several institutional investors have recently bought and sold shares of LITE. Hilltop National Bank raised its holdings in Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after buying an additional 15 shares during the last quarter. Sachetta LLC grew its holdings in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares during the last quarter. Toth Financial Advisory Corp increased its position in shares of Lumentum by 127.3% during the second quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company’s stock valued at $43,000 after acquiring an additional 28 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock valued at $91,000 after acquiring an additional 30 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Lumentum during the first quarter valued at approximately $25,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

About Lumentum

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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.