Avala Global LP purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 182,037 shares of the technology company's stock, valued at approximately $156,199,000. Lumentum makes up 5.8% of Avala Global LP's holdings, making the stock its 3rd largest holding. Avala Global LP owned 0.23% of Lumentum at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Hilltop National Bank lifted its stake in shares of Lumentum by 26.8% during the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock valued at $61,000 after buying an additional 15 shares during the period. Sachetta LLC raised its holdings in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Lumentum by 39.5% during the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock worth $91,000 after purchasing an additional 30 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of Lumentum during the 1st quarter worth $25,000. Finally, Abel Hall LLC lifted its stake in shares of Lumentum by 5.5% during the 1st quarter. Abel Hall LLC now owns 693 shares of the technology company's stock worth $487,000 after purchasing an additional 36 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.
Lumentum Stock Performance
Lumentum stock opened at $939.03 on Thursday. The stock's 50 day moving average price is $808.80 and its 200 day moving average price is $801.60. The firm has a market capitalization of $84.23 billion, a PE ratio of -11.42 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 one year low of $123.78 and a one year high of $1,085.68.
Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.Lumentum's quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. 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 19.76 EPS for the current fiscal year.
Insider Activity at Lumentum
In other news, insider Yuen Wupen sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $882.15, for a total transaction of $441,075.00. Following the completion of the sale, the insider owned 91,729 shares of the company's stock, valued at approximately $80,918,737.35. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,576,169.28. Following the completion of the sale, the senior vice president owned 42,096 shares of the company's stock, valued at approximately $34,847,910.72. This trade represents a 4.33% 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 a total of 17,352 shares of company stock worth $15,168,757 over the last three months. 0.43% of the stock is owned by corporate insiders.
Lumentum News Summary
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: AI optics demand is driving renewed buying. Lumentum gained for a second consecutive session as investors continued to favor companies supplying optical components for expanding AI data-center networks. Rival optoelectronics stocks were comparatively weaker, highlighting Lumentum’s current position as a preferred AI connectivity play. Lumentum Climbs 4% as the AI Optics Trade Extends a Second Session
- Positive Sentiment: Order-flow data signaled strong demand. A reported “Power Inflow” alert indicated substantial institutional and retail buying pressure, reinforcing the bullish technical momentum behind LITE’s advance. Lumentum Shares Rise Over 4% After Key Trading Signal
- Neutral Sentiment: New product ramps support the growth outlook but raise execution demands. Lumentum’s 1.6T transceivers and 200G lasers are being ramped to address AI networking demand, while capacity expansion and tight supply could support revenue growth. Lumentum's 1.6T & 200G Ramp Faces Cisco & NVIDIA Competition
- Negative Sentiment: Insider sales remain a modest overhang. Insider Yuen Wupen sold a combined 1,000 shares for approximately $853,195 across August 24 and August 26. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan and represented only about 0.54% of the insider’s holdings in each sale, reducing their significance as a bearish signal. SEC Insider Trading Filing
- Negative Sentiment: Competition could pressure future growth and margins. Cisco and NVIDIA are developing competing solutions as Lumentum expands its AI connectivity products, creating execution and pricing risks despite currently strong demand.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on LITE shares. Morgan Stanley lifted their price objective on Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 12th. Wolfe Research reiterated an "outperform" rating on shares of Lumentum in a research report on Friday, August 21st. Bank of America decreased their price target on Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Finally, Northland Securities upped their price objective on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Lumentum has an average rating of "Moderate Buy" and a consensus target price of $1,044.67.
View Our Latest Stock Analysis on LITE
Lumentum Company Profile
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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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