Jae Kim Sells 1,904 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,576,169.28. Following the sale, the senior vice president owned 42,096 shares in the company, valued at $34,847,910.72. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

Jae Kim also recently made the following trade(s):

• On Tuesday, August 18th, Jae Kim sold 1,366 shares of Lumentum stock. The shares were sold at an average price of $909.43, for a total value of $1,242,281.38.

Lumentum Stock Performance

NASDAQ:LITE traded down $12.57 during trading hours on Friday, reaching $866.71. 3,660,169 shares of the company’s stock were exchanged, compared to its average volume of 5,335,184. 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 firm has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. Lumentum Holdings Inc. has a 1-year low of $115.89 and a 1-year high of $1,085.68. The company has a 50-day moving average of $809.76 and a 200 day moving average of $790.21.

Lumentum (NASDAQ:LITE) last released its earnings results 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. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LITE shares. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Morgan Stanley increased their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of Lumentum in a research note on Wednesday, August 12th. Finally, BNP Paribas Exane increased their price objective on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,044.67.

Hedge Funds Weigh In On Lumentum

Institutional investors and hedge funds have recently modified their holdings of the company. AXQ Capital LP acquired a new position in Lumentum in the 2nd quarter valued at $5,371,000. Nykredit A S purchased a new position in shares of Lumentum during the 2nd quarter worth $72,186,000. XML Financial LLC boosted its holdings in shares of Lumentum by 13.1% during the second quarter. XML Financial LLC now owns 718 shares of the technology company’s stock worth $616,000 after purchasing an additional 83 shares during the last quarter. Triumph Capital Management grew its position in shares of Lumentum by 176.7% in the second quarter. Triumph Capital Management now owns 833 shares of the technology company’s stock valued at $715,000 after purchasing an additional 532 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in shares of Lumentum by 25.1% in the second quarter. Legacy Financial Advisors Inc. now owns 424 shares of the technology company’s stock valued at $364,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Trending Headlines about Lumentum

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

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.