Headwater Capital Co Ltd Sells 95,000 Shares of Lumentum Holdings Inc. $LITE

Headwater Capital Co Ltd reduced its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 76.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the technology company’s stock after selling 95,000 shares during the period. Lumentum accounts for approximately 1.6% of Headwater Capital Co Ltd’s portfolio, making the stock its 13th largest position. Headwater Capital Co Ltd’s holdings in Lumentum were worth $11,058,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LITE. Advisors Asset Management Inc. increased its position in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the period. NewEdge Advisors LLC increased its position in Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after buying an additional 6,275 shares during the period. Empowered Funds LLC increased its position in Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Lumentum during the 2nd quarter worth approximately $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lumentum during the 2nd quarter worth approximately $1,712,000. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

Shares of LITE stock opened at $875.36 on Wednesday. The stock’s fifty day simple moving average is $901.22 and its 200 day simple moving average is $640.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a market cap of $68.10 billion, a price-to-earnings ratio of 162.10 and a beta of 1.47. Lumentum Holdings Inc. has a one year low of $83.59 and a one year high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s quarterly revenue was up 90.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on LITE. Weiss Ratings reissued a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. Barclays lifted their price objective on Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Stifel Nicolaus lifted their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Citic Securities lifted their price objective on Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Lumentum as a strong AI infrastructure play, citing expanding margins, improving demand visibility, and growth in optical networking as reasons the stock still has runway. Article Title
• Positive Sentiment: A separate note said Lumentum tops Broadcom as an AI infrastructure stock, pointing to faster near-term upside from AI-driven optical networking demand and margin expansion. Article Title
• Positive Sentiment: Fund commentary from Columbia Threadneedle highlighted Lumentum as a contributor to performance in the first quarter, reinforcing investor interest in the name after its strong operating results. Article Title
• Neutral Sentiment: Lumentum’s chair and CEO are scheduled to participate in a Rome conference on AI, ethics, and governance, which may support visibility but does not appear to be a major near-term business catalyst. Article Title
• Negative Sentiment: Despite the bullish AI narrative, broader market coverage noted Lumentum as one of the day’s weaker movers, suggesting traders may be taking profits after a strong run-up and reacting to valuation concerns. Article Title

Insiders Place Their Bets

In related news, CFO Wajid Ali sold 2,487 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the sale, the chief financial officer owned 60,951 shares of the company’s stock, valued at $58,144,206.45. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Vincent Retort sold 3,183 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,036,422.85. Following the completion of the sale, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. This represents a 3.43% 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 have sold 41,260 shares of company stock worth $38,859,220 over the last quarter. Corporate insiders own 0.43% of the company’s stock.

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.