Global Retirement Partners LLC Invests $4.19 Million in Lumentum Holdings Inc. $LITE

Key Points

• Global Retirement Partners initiated a $4.19 million position in Lumentum during the second quarter, while institutional investors collectively own 94.05% of the company.
• Lumentum reported strong quarterly results, with EPS of $3.23 beating estimates of $2.97 and revenue of $1.01 billion rising 109.3% year over year. The company issued fiscal Q1 2027 EPS guidance of $4.05 to $4.35, supported by growing AI data-center demand for optical infrastructure.
• The stock opened at $926.14 and has attracted a “Moderate Buy” consensus rating, with analysts’ average price target at $1,044.67; however, its sharp rally, elevated valuation and recent insider selling present potential volatility and execution risks.

Global Retirement Partners LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,885 shares of the technology company's stock, valued at approximately $4,192,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LITE. Nomura Asset Management Co. Ltd. raised its position in Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company's stock valued at $136,306,000 after buying an additional 114,714 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Lumentum in the 1st quarter worth about $2,046,000. Styrax Capital LP boosted its position in Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company's stock worth $98,386,000 after acquiring an additional 4,837 shares during the period. Whittier Trust Co. boosted its position in Lumentum by 21,806.5% during the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company's stock worth $57,183,000 after acquiring an additional 73,706 shares during the period. Finally, Andar Capital Management HK Ltd purchased a new position in Lumentum during the 4th quarter valued at about $4,325,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $926.14 on Monday. The business has a 50 day moving average price of $809.08 and a 200 day moving average price of $775.45. Lumentum Holdings Inc. has a twelve month low of $111.20 and a twelve month high of $1,085.68. The company has a market cap of $72.05 billion, a price-to-earnings ratio of -11.27 and a beta of 1.50. The company has a quick ratio of 1.40, a current ratio of 1.68 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, topping the consensus estimate 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same period in the previous year, the business posted $0.88 EPS. The company's revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts predict that Lumentum Holdings Inc. will post 16.97 earnings per share for the current year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Strong earnings and guidance: Lumentum reported quarterly EPS of $3.23, ahead of the $2.97 consensus estimate, while revenue reached $1.01 billion versus expectations of $987.7 million. Revenue increased roughly 109% year over year, and management issued fiscal Q1 2027 EPS guidance of $4.05-$4.35. Lumentum fiscal fourth-quarter earnings call transcript
• Positive Sentiment: AI infrastructure demand is accelerating: Analysts and financial commentators highlighted surging demand for optical components as AI data centers replace copper connections with high-speed fiber-optic links between GPU racks. Lumentum’s optical product sales and expanding margins are viewed as evidence that the company is converting this trend into results. Lumentum Just Delivered the AI Growth Investors Wanted
• Positive Sentiment: Analyst support increased: Rosenblatt Securities assigned LITE a Buy rating, while JPMorgan forecast significant additional appreciation. Reports cited an average Wall Street price target near $1,126, supporting the bullish reaction after earnings. Lumentum earns Buy rating from Rosenblatt Securities
• Neutral Sentiment: Sector-wide momentum: Lumentum, Corning and Applied Optoelectronics all advanced as investors returned to AI and optical-infrastructure stocks. The broader rally provides a favorable trading backdrop, although some of LITE’s move may reflect industry-wide enthusiasm rather than company-specific news. Optics stocks rise to end the week
• Negative Sentiment: Valuation and execution risks remain: Some commentary warned that the stock’s sharp long-term advance has left limited room for disappointment, with valuation and analyst disagreement creating potential volatility. Investors may also question whether AI-driven growth can remain at its current pace.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares in the company, valued at $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 10,370 shares of company stock worth $9,156,532. 0.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LITE has been the topic of a number of research reports. Loop Capital upped their target price on Lumentum from $900.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Susquehanna boosted their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the company a "positive" rating in a research report on Monday, April 20th. Barclays upped their price objective on shares of Lumentum from $750.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. BNP Paribas Exane increased their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Finally, Citic Securities increased their target price on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,044.67.

Lumentum Company 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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