OMERS ADMINISTRATION Corp bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,667 shares of the technology company’s stock, valued at approximately $6,579,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in Lumentum during the 1st quarter valued at approximately $25,000. Sachetta LLC lifted its holdings 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 buying an additional 19 shares in the last quarter. Truvestments Capital LLC lifted its holdings 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 buying an additional 57 shares in the last quarter. Triumph Capital Management bought a new position in shares of Lumentum during the fourth quarter worth $30,000. Finally, Danske Bank A S purchased a new position in Lumentum during the third quarter valued at $33,000. Institutional investors own 94.05% of the company’s stock.
Insider Buying and Selling
In other news, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the sale, the director directly owned 6,984 shares of the company’s stock, valued at $6,984,558.72. This trade represents a 16.86% decrease in their position. The transaction 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. Also, insider Yuen Wupen sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $898.15, for a total value of $449,075.00. Following the transaction, the insider directly owned 93,229 shares in the company, valued at approximately $83,733,626.35. This represents a 0.53% decrease in their position. 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. Insiders sold 16,352 shares of company stock valued at $14,315,562 over the last quarter. Company insiders own 0.43% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on LITE
Lumentum Stock Down 4.2%
Shares of NASDAQ LITE opened at $830.17 on Tuesday. The firm’s 50-day moving average price is $807.22 and its 200-day moving average price is $795.58. 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 capitalization of $74.47 billion, a price-to-earnings ratio of -10.10 and a beta of 1.50. Lumentum Holdings Inc. has a 12-month low of $119.25 and a 12-month high of $1,085.68.
Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 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 last year, the firm earned $0.88 EPS. The firm’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. On average, equities research analysts anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.
Lumentum News Roundup
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Analyst estimates increased. Northland Securities raised its Q1 EPS estimates for Lumentum, suggesting improving expectations for the company’s near-term profitability. Q1 EPS Estimates for Lumentum Raised by Northland Securities
- Positive Sentiment: AI demand and guidance remain potential catalysts. Lumentum’s latest results included sharply higher sales, revenue growth of 109.3% year over year, and Q1 fiscal 2027 EPS guidance of $4.05 to $4.35. These trends support the view that demand for optical components used in AI infrastructure could drive better results ahead. Lumentum stock sinks. Why better times may be ahead
- Neutral Sentiment: Strong operating performance is competing with valuation concerns. Lumentum exceeded quarterly EPS and revenue estimates, but investors are reassessing whether its substantial year-to-date gains already reflect much of the AI opportunity. The stock has pulled back 10.55% over the past week and 4.84% over the past three months. Lumentum Holdings (LITE) As AI Demand And Fresh Guidance Put Valuation In Focus
- Negative Sentiment: Reported losses and peer weakness pressured sentiment. Despite adjusted earnings and revenue beats, Lumentum swung to a sizeable net loss. Shares also declined alongside optical-communications peers Coherent and Applied Optoelectronics, with Applied Optoelectronics’ planned $600 million equity offering adding concern about dilution and broader sector conditions. Coherent and Lumentum AI optics suppliers earnings analysis
- Negative Sentiment: Insider selling may weigh on confidence. CEO Michael Hurlston sold 6,185 shares valued at approximately $5.1 million, reducing his direct holdings by about 5%; an SVP also sold roughly $1.6 million in stock. These transactions do not necessarily indicate deteriorating fundamentals but can add short-term selling pressure. Lumentum CEO stock sale
Lumentum Company 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.
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