Van Hulzen Asset Management LLC purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 750 shares of the technology company’s stock, valued at approximately $644,000.
Several other institutional investors and hedge funds have also modified their holdings of LITE. CYBER HORNET ETFs LLC increased its position in Lumentum by 7.2% during the second quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock worth $179,000 after buying an additional 14 shares during the last quarter. Hilltop National Bank lifted its position in shares of 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 lifted its position 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 during the last quarter. Toth Financial Advisory Corp boosted its stake in shares of Lumentum by 127.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company’s stock worth $43,000 after acquiring an additional 28 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Lumentum by 39.5% during the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock worth $91,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.
Lumentum Trading Down 5.4%
Lumentum stock opened at $935.70 on Friday. Lumentum Holdings Inc. has a 52 week low of $144.52 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 has a market capitalization of $83.93 billion, a PE ratio of -11.38 and a beta of 1.53. The business’s 50-day simple moving average is $825.53 and its 200-day simple moving average is $826.58.
More Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: AI-driven demand remains the primary bullish catalyst. Lumentum is expanding capacity for pump, EML and continuous-wave lasers as data-center customers increase spending on optical networking. Analysts see the company increasingly competing with Broadcom and Applied Optoelectronics. LITE’s Laser Growth Accelerates
- Positive Sentiment: Recent operating performance has been strong. Lumentum reported quarterly revenue of approximately $1.01 billion and adjusted earnings of $3.23 per share, exceeding analyst estimates. Revenue more than doubled year over year, while fiscal 2026 revenue increased 83.2%. The company also issued fiscal 2027 first-quarter EPS guidance of $4.05 to $4.35. Lumentum’s $7.2 Billion Loss Was Not A Loss
- Positive Sentiment: Shares recently benefited from an AI optical-networking rally. LITE jumped sharply in prior trading and was highlighted by investment commentary as a potential beneficiary of rising data-center photonics demand. AI Optical Networking Rally
- Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the data provides little additional insight into near-term trading direction.
- Negative Sentiment: Insiders disclosed additional sales. President Yuen Wupen sold 500 shares on September 10 for about $481,000 and another 500 shares on September 8 for about $448,000. Both transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their ownership by only 0.43% per transaction. The sales may contribute to profit-taking concerns, although the planned nature makes them a limited bearish signal. SEC insider transaction filing
- Negative Sentiment: A separate report said Lumentum’s president sold 1,500 shares, reinforcing near-term concerns about insider profit-taking. Lumentum President Sells 1,500 Shares
Insider Activity at Lumentum
In related news, SVP Jae Kim sold 12,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the transaction, the senior vice president owned 37,804 shares of the company’s stock, valued at approximately $32,230,934.32. The trade was a 24.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Hurlston sold 548 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, the chief executive officer owned 186,951 shares of the company’s stock, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 66,147 shares of company stock worth $56,741,571. Insiders own 0.43% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Northland Securities raised their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of Lumentum in a research report on Wednesday, August 12th. Bank of America lowered their price target 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. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Finally, TD Cowen boosted their price objective on shares of Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,053.83.
Check Out Our Latest Stock Report on LITE
About Lumentum
Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.
The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.
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