Johnson Financial Group Inc. Invests $944,000 in Lumentum Holdings Inc. $LITE

Johnson Financial Group Inc. acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,100 shares of the technology company’s stock, valued at approximately $944,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the 1st quarter worth $25,000. Sachetta LLC raised its position in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares during the period. Triumph Capital Management purchased a new position in shares of Lumentum in the 4th quarter valued at about $30,000. Finally, Danske Bank A S acquired a new position in shares of Lumentum during the third quarter worth about $33,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Stock Performance

NASDAQ:LITE opened at $827.60 on Thursday. 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 firm has a 50-day moving average price of $811.06 and a two-hundred day moving average price of $786.24. Lumentum Holdings Inc. has a twelve month low of $111.20 and a twelve month high of $1,085.68. The company has a market capitalization of $74.24 billion, a P/E ratio of -10.07 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same period in the previous year, the firm posted $0.88 EPS. The company’s quarterly revenue 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, research analysts expect that Lumentum Holdings Inc. will post 16.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen boosted their price target on shares of Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and issued a $1,036.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Craig Hallum upped their target price on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Citic Securities increased their price target on Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Finally, Mizuho raised their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating 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. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,044.67.

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

Insider Transactions at Lumentum

In other news, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the transaction, the director directly owned 8,400 shares of the company’s stock, valued at $7,224,000. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,366 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total value of $1,242,281.38. Following the completion of the sale, the senior vice president owned 45,973 shares in the company, valued at $41,809,225.39. This represents a 2.89% 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. Insiders sold a total of 9,965 shares of company stock valued at $8,993,110 over the last three months. 0.43% of the stock is currently owned by insiders.

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.