Denver PWM LLC purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,392 shares of the technology company's stock, valued at approximately $1,289,000. Lumentum makes up 0.4% of Denver PWM LLC's holdings, making the stock its 20th largest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of LITE. Advisors Asset Management Inc. grew its position in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock worth $59,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC lifted its holdings 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 purchasing an additional 6,275 shares in the last quarter. Empowered Funds LLC boosted its stake 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 purchasing an additional 680 shares during the period. Hsbc Holdings PLC bought a new position in Lumentum in the 2nd quarter worth approximately $298,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Lumentum during the 2nd quarter valued at approximately $1,712,000. 94.05% of the stock is owned by institutional investors.
Insider Buying and Selling at Lumentum
In other news, insider Yuen Wupen sold 500 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $882.15, for a total value of $441,075.00. Following the sale, the insider directly owned 119,127 shares in the company, valued at $105,087,883.05. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 64,563 shares of company stock worth $55,448,750 in the last ninety days. Company insiders own 0.43% of the company's stock.
Lumentum Stock Performance
NASDAQ:LITE opened at $895.00 on Friday. The company has a market cap of $80.28 billion, a price-to-earnings ratio of -10.89 and a beta of 1.50. Lumentum Holdings Inc. has a 1 year low of $125.00 and a 1 year high of $1,085.68. The stock's 50 day simple moving average is $811.83 and its two-hundred day simple moving average is $805.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40.
Lumentum (NASDAQ:LITE - Get Free Report) last posted 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 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 prior year, the company earned $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, equities analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.
Key Stories Impacting Lumentum
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.
Analyst Ratings Changes
LITE has been the topic of several research analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Bank of America cut their target price on shares of 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. Weiss Ratings downgraded shares of Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. Craig Hallum boosted their price target on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Finally, UBS Group set a $820.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,044.67.
Read Our Latest Analysis on Lumentum
About Lumentum
(
Free Report)
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.
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