Jefferies Financial Group Inc. Purchases Shares of 5,401 Lumentum Holdings Inc. $LITE

Jefferies Financial Group Inc. bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,401 shares of the technology company’s stock, valued at approximately $4,634,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its stake in shares of Lumentum by 45.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after purchasing an additional 114,714 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Lumentum in the first quarter worth $2,046,000. Styrax Capital LP boosted its stake in shares of Lumentum by 3.6% during the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after purchasing an additional 4,837 shares during the period. Whittier Trust Co. grew its stake in Lumentum by 21,806.5% in the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after purchasing an additional 73,706 shares in the last quarter. Finally, Andar Capital Management HK Ltd purchased a new position in shares of Lumentum during the fourth quarter valued at $4,325,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In related news, SVP Jae Kim sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total value of $10,230,960.00. Following the sale, the senior vice president owned 37,804 shares in the company, valued at $32,230,934.32. This represents a 24.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 500 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $882.15, for a total transaction of $441,075.00. Following the completion of the transaction, the insider owned 119,127 shares in the company, valued at approximately $105,087,883.05. This trade represents a 0.42% 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. Insiders have sold a total of 64,563 shares of company stock worth $55,448,750 in the last 90 days. 0.43% of the stock is owned by company insiders.

Lumentum Trading Down 6.4%

Shares of Lumentum stock opened at $895.00 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12-month low of $125.00 and a 12-month high of $1,085.68. The firm has a market capitalization of $80.28 billion, a price-to-earnings ratio of -10.89 and a beta of 1.50. The firm’s 50 day simple moving average is $811.83 and its two-hundred day simple moving average is $805.08.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business 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 earnings per share. The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LITE shares. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Needham & Company LLC reissued a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,036.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Loop Capital raised their price objective on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

Lumentum Company 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.