Landscape Capital Management L.L.C. Invests $706,000 in Lumentum Holdings Inc. $LITE

Landscape Capital Management L.L.C. bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 823 shares of the technology company’s stock, valued at approximately $706,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LITE. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares during the period. Norges Bank acquired a new stake in Lumentum during the 4th quarter worth $474,495,000. Value Aligned Research Advisors LLC acquired a new stake in Lumentum during the 4th quarter worth $432,062,000. Situational Awareness LP grew its position in Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after purchasing an additional 880,800 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in Lumentum during the 4th quarter worth $251,363,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BNP Paribas Exane boosted their price target on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Morgan Stanley increased their price objective on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Craig Hallum lifted their target price on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Citigroup reissued a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Finally, Bank of America cut their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,044.67.

Lumentum Stock Performance

NASDAQ:LITE opened at $866.71 on Monday. The stock has a fifty day moving average price of $809.76 and a two-hundred day moving average price of $792.80. The stock has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. Lumentum Holdings Inc. has a 1 year low of $115.89 and a 1 year high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its 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 positive return on equity of 26.34% and a negative net margin of 230.15%.The company 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 company earned $0.88 earnings per share. Lumentum’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, sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In related news, SVP Jae Kim sold 1,904 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the completion of the sale, 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 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. Also, insider Yuen Wupen sold 500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $898.15, for a total transaction of $449,075.00. Following the sale, 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. The SEC filing for this sale provides additional information. 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 have sold 16,352 shares of company stock worth $14,315,562 over the last three months. 0.43% of the stock is currently owned by company insiders.

Lumentum 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.