Bluefin Capital Management LLC Buys New Position in Lumentum Holdings Inc. $LITE

Bluefin Capital Management LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,089 shares of the technology company's stock, valued at approximately $934,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hhlr Advisors LTD. bought a new position in shares of Lumentum in the 2nd quarter worth $2,832,000. Magnolia Capital Advisors LLC bought a new stake in shares of Lumentum during the 2nd quarter worth $299,000. Freestone Grove Partners LP bought a new stake in shares of Lumentum during the 2nd quarter worth $34,688,000. Caisse de depot et placement du Quebec purchased a new position in Lumentum in the second quarter worth $9,319,000. Finally, Jupiter Topco LLC purchased a new position in Lumentum in the second quarter worth $1,621,396,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

LITE has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Jefferies Financial Group reiterated a "buy" rating and set a $1,200.00 price objective on shares of Lumentum in a research report on Wednesday, May 6th. Northland Securities increased 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. JPMorgan Chase & Co. raised their price objective 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, TD Cowen boosted their target price on Lumentum from $800.00 to $820.00 and gave the stock a "hold" rating in a research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,044.67.

Insider Activity

In related news, Director Isaac Hosojiro Harris sold 4,000 shares of the firm's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the sale, the director directly owned 8,400 shares of the company's stock, valued at $7,224,000. This trade represents a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,904 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the transaction, the senior vice president owned 42,096 shares in the company, valued at approximately $34,847,910.72. This represents a 4.33% 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 a total of 17,352 shares of company stock worth $15,168,757 over the last ninety days. 0.43% of the stock is owned by insiders.

Key Stories Impacting Lumentum

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.

Lumentum Stock Up 6.0%

Shares of Lumentum stock opened at $939.03 on Thursday. 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 52-week low of $123.78 and a 52-week high of $1,085.68. The company's 50 day moving average price is $808.80 and its 200-day moving average price is $801.60. The stock has a market capitalization of $84.23 billion, a price-to-earnings ratio of -11.42 and a beta of 1.50.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly 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. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm's revenue was up 109.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 19.76 EPS for the current 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.

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