3,105 Shares in Lumentum Holdings Inc. $LITE Bought by Artemis Wealth Advisors LLC

Key Points

• Artemis Wealth Advisors initiated a 3,105-share position in Lumentum worth approximately $286,000, while institutional investors collectively own 94.05% of the company.
• Lumentum reported quarterly adjusted EPS of $3.23, beating estimates, and revenue of $1.01 billion, up 109.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,044.67.
• Despite optimism around AI-driven demand for optical networking products, valuation and sector volatility remain risks. Insiders sold nearly $13.3 million of shares over the past three months, and Lumentum recently traded below its 12-month high.

Artemis Wealth Advisors LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,105 shares of the technology company's stock, valued at approximately $286,000.

Other hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in 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 acquiring an additional 254 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company's stock valued at $747,000 after purchasing an additional 6,275 shares during the period. Empowered Funds LLC lifted its stake in shares of Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company's stock valued at $507,000 after purchasing an additional 680 shares during the period. Hsbc Holdings PLC purchased a new stake in Lumentum during the second quarter worth $298,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Lumentum during the second quarter worth $1,712,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Isaac Hosojiro Harris sold 4,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the sale, the director owned 8,400 shares of the company's stock, valued at $7,224,000. This represents a 32.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,366 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total value of $1,242,281.38. Following the completion of the transaction, the senior vice president directly owned 45,973 shares in the company, valued at approximately $41,809,225.39. This trade represents a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 sold 14,919 shares of company stock valued at $13,293,529 over the last three months. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Loop Capital raised their target price on Lumentum from $900.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Zacks Research cut Lumentum from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Northland Securities boosted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. Citic Securities increased their target price on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Finally, Morgan Stanley lifted their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average 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-driven growth remains the bullish case. Lumentum’s exposure to optical components used in AI data-center networks, along with expectations for rising margins and stronger fiscal 2027 earnings, continues to support the long-term growth narrative. Lumentum Stock Is Overvalued at 11.4X P/S: Should You Still Buy It?
• Positive Sentiment: Broker sentiment remains constructive. Analysts collectively assign Lumentum an average “Moderate Buy” rating, providing ongoing support despite the recent volatility. Lumentum Receives Average Rating of Moderate Buy
• Neutral Sentiment: Valuation is a central debate. At approximately 11.4 times sales, Lumentum trades at a demanding multiple after substantial multi-year gains. While a discounted-cash-flow analysis indicates potential upside, market-based valuation measures suggest the stock may already reflect considerable optimism. Lumentum Stock Looks Fully Priced Despite Cash Flow Upside
• Negative Sentiment: Risk aversion is weighing on optics stocks. Reports concerning Anthropic and a Wall Street Journal article have triggered a selloff across AI hardware names, with Lumentum among the affected optics companies. The move indicates investors are taking profits and questioning near-term AI spending or demand expectations. Optics Stocks Drop on Anthropic News
• Negative Sentiment: The recent rally has increased downside sensitivity. Lumentum had rallied alongside Coherent and AXT after indium phosphide price hikes, but the reversal shows how quickly sentiment can change when sector-wide AI concerns emerge. Optics Stocks Rally on Indium Phosphide Price Hikes

Lumentum Stock Performance

LITE opened at $873.31 on Wednesday. Lumentum Holdings Inc. has a twelve month low of $111.20 and a twelve month high of $1,085.68. The firm has a market capitalization of $67.94 billion, a PE ratio of -10.62 and a beta of 1.50. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average price is $811.58 and its 200 day moving average price is $783.10.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data 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 negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the firm earned $0.88 EPS. Lumentum's quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts expect that Lumentum Holdings Inc. will post 16.97 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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