Engineers Gate Manager LP Has $2.88 Million Position in Lumentum Holdings Inc. $LITE

Key Points

• Engineers Gate Manager LP reduced its Lumentum position by 58.9% in the second quarter, selling 4,793 shares and retaining 3,350 shares valued at approximately $2.88 million. Institutional investors and hedge funds collectively own 94.05% of the company.
• Lumentum reported strong quarterly results, with $3.23 in adjusted EPS and $1.01 billion in revenue, exceeding analyst expectations; revenue increased 109.3% year over year. Fiscal 2027 first-quarter EPS guidance of $4.05–$4.35 reflects continued momentum driven by AI data-center and optical-networking demand.
• Analyst sentiment remains moderately bullish, but risks persist: the average price target is $1,053.83, while recent insider sales totaled about $56.7 million and competition in high-speed optical networking is intensifying.

Engineers Gate Manager LP cut its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 58.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,350 shares of the technology company's stock after selling 4,793 shares during the quarter. Engineers Gate Manager LP's holdings in Lumentum were worth $2,875,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Hilton Head Capital Partners LLC acquired a new position in shares of Lumentum in the 1st quarter valued at $25,000. Sachetta LLC increased its holdings in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after purchasing an additional 19 shares during the last quarter. Truvestments Capital LLC increased its holdings in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock valued at $28,000 after purchasing an additional 57 shares during the last quarter. Triumph Capital Management acquired a new position in Lumentum in the fourth quarter valued at about $30,000. Finally, Danske Bank A S acquired a new position in Lumentum in the third quarter valued at about $33,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Lumentum Price Performance

LITE stock opened at $927.03 on Monday. The stock has a 50-day moving average price of $829.50 and a two-hundred day moving average price of $828.36. Lumentum Holdings Inc. has a 1 year low of $144.52 and a 1 year high of $1,085.68. The stock has a market cap of $83.15 billion, a PE ratio of -11.28 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01.

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, beating analysts' consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company's quarterly revenue was up 109.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Insider Transactions at Lumentum

In other news, SVP Jae Kim sold 12,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the senior vice president directly owned 37,804 shares of the company's stock, valued at $32,230,934.32. This trade represents a 24.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 38,663 shares of Lumentum stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the completion of the sale, the insider owned 78,440 shares in the company, valued at $66,877,159.60. This trade represents a 33.02% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 66,147 shares of company stock worth $56,741,571. 0.43% of the stock is currently owned by insiders.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI data-center demand remains the main catalyst. Lumentum is benefiting from the shift from copper to fiber optics, record 800G transceiver shipments and tight supply of EML lasers. Analysts see significant growth potential as customers increase spending on high-speed optical infrastructure, particularly from 2027 onward. Lumentum: Why 2027 Will Be a Game Changer
• Positive Sentiment: Recent financial results and guidance were strong. Lumentum’s latest quarterly revenue reached approximately $1.01 billion, while adjusted EPS of $3.23 exceeded the $2.97 consensus estimate. Revenue more than doubled year over year, and first-quarter fiscal 2027 EPS guidance of $4.05 to $4.35 supports expectations for continued earnings momentum.
• Positive Sentiment: Analyst and institutional interest remains supportive. LITE has been highlighted as an AI infrastructure “buy zone” stock, and the analyst consensus remains “Moderate Buy,” with an average price target above the latest reported trading level. Institutional investors and hedge funds own approximately 94% of the shares. Top Funds Bet Billions As This AI Stock Lights Up a Buy Zone
• Neutral Sentiment: Competitive risks are increasing. Applied Optoelectronics is expanding 800G and 1.6T optical capacity as AI networking demand rises, highlighting the intensifying competition Lumentum faces in a rapidly growing market. AAOI's Optical Networking Demand Rise
• Negative Sentiment: Repeated insider selling may be weighing on sentiment. Insider Yuen Wupen sold 500 shares for approximately $481,000 on September 10 and another 500 shares for about $448,000 on September 8. The trades were made under a pre-arranged Rule 10b5-1 plan and represent only 0.43% of the insider’s holdings per transaction, limiting their significance but still signaling profit-taking at elevated prices. Lumentum Insider Sale

Analyst Ratings Changes

LITE has been the topic of a number of recent analyst reports. Bank of America reduced their target price on Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating on the stock in a report on Wednesday, August 12th. TD Cowen upped their price target on Lumentum from $800.00 to $820.00 and gave the company a "hold" rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. increased their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Northland Securities lifted their price objective on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Finally, Wolfe Research restated an "outperform" rating on shares of Lumentum in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,053.83.

About Lumentum

Lumentum Holdings Inc NASDAQ: LITE designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.

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