Centaurus Financial Inc. purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,213 shares of the technology company's stock, valued at approximately $1,041,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Jupiter Topco LLC purchased a new position in Lumentum during the second quarter worth about $1,621,396,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company's stock valued at $254,350,000 after acquiring an additional 1,545,199 shares in the last quarter. Norges Bank purchased a new stake in shares of Lumentum in the 4th quarter valued at about $474,495,000. Value Aligned Research Advisors LLC bought a new stake in shares of Lumentum during the 4th quarter valued at about $432,062,000. Finally, Situational Awareness LP boosted its position in shares of Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company's stock valued at $478,577,000 after acquiring an additional 880,800 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.
Lumentum Trading Up 1.8%
NASDAQ LITE opened at $956.14 on Friday. Lumentum Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $1,085.68. 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 stock's fifty day moving average price is $810.93 and its 200-day moving average price is $804.45. The stock has a market cap of $85.77 billion, a P/E ratio of -11.63 and a beta of 1.50.
Lumentum (NASDAQ:LITE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping 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 business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. During the same quarter in the prior year, the business posted $0.88 earnings per share. The business'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, equities analysts forecast that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.
Key Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: AI-optics enthusiasm remains the primary catalyst. Investors are buying Lumentum as demand grows for optical connectivity products used in AI data-center networks. Lumentum has recently outperformed some peer optoelectronics companies, reinforcing its status as a preferred AI infrastructure play. Lumentum Climbs 4% as the AI Optics Trade Extends a Second Session
- Positive Sentiment: Trading data pointed to strong buying pressure. A reported “Power Inflow” alert, based on institutional and retail order-flow activity, provided an additional technical signal supporting the recent advance. Lumentum Shares Rise Over 4% After Key Trading Signal
- Positive Sentiment: Fundamentals and analyst sentiment remain supportive. Lumentum’s latest quarterly results exceeded expectations, with revenue more than doubling year over year, and its next-quarter EPS guidance is strong. Analysts maintain a broadly favorable view, including recent price-target increases and a consensus “Moderate Buy” rating.
- Neutral Sentiment: Management commentary is being monitored. Lumentum presented at the Deutsche Bank 2026 Technology Conference, giving investors an opportunity to assess its outlook for AI-related optical products, capacity expansion and execution. The supplied transcript entry does not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
- Negative Sentiment: Insider selling creates a modest overhang. Yuen Wupen sold 500 shares on both August 24 and August 26, but each transaction represented only about 0.54% of the insider’s holdings and was executed under a pre-arranged Rule 10b5-1 plan. The sales therefore appear less significant than discretionary selling. SEC Insider Trading Filing
- Negative Sentiment: Competition and valuation remain risks. Cisco and NVIDIA are developing competing AI-connectivity solutions, potentially pressuring Lumentum’s pricing and margins. The stock’s sharp run also increases sensitivity to execution issues or disappointing growth.
Insiders Place Their Bets
In other news, SVP Jae Kim sold 12,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the senior vice president owned 37,804 shares of the company's stock, valued at $32,230,934.32. This represents a 24.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the sale, the director owned 6,984 shares of the company's stock, valued at $6,984,558.72. This represents a 16.86% 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. In the last ninety days, insiders sold 64,015 shares of company stock worth $54,923,404. 0.43% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have recently commented on LITE shares. B. Riley Financial reissued a "buy" rating on shares of Lumentum in a report on Friday, May 1st. Citigroup reiterated a "buy" rating on shares of Lumentum in a research report on Wednesday, August 12th. Stifel Nicolaus lifted their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Citic Securities boosted their price target on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, UBS Group set a $820.00 price target 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 given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,044.67.
View Our Latest Stock Report 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.
Further Reading
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