J. Goldman & Co LP Purchases Shares of 3,611 Lumentum Holdings Inc. $LITE

J. Goldman & Co LP bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,611 shares of the technology company's stock, valued at approximately $3,098,000.

Several other hedge funds have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in Lumentum by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company's stock worth $683,661,000 after buying an additional 291,591 shares during the period. Geode Capital Management LLC raised its holdings in shares of Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company's stock valued at $521,563,000 after acquiring an additional 123,265 shares during the period. Situational Awareness LP raised its holdings in shares of Lumentum by 210.9% during the fourth 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 period. Norges Bank purchased a new stake in shares of Lumentum in the 4th quarter valued at approximately $474,495,000. Finally, Value Aligned Research Advisors LLC acquired a new position in Lumentum in the 4th quarter worth approximately $432,062,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group set a $820.00 target price on Lumentum in a report on Wednesday, August 12th. Barclays upped their price target on Lumentum from $750.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Mizuho increased their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. BNP Paribas Exane lifted their target price on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Lumentum from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,044.67.

Insider Activity

In other Lumentum news, insider Yuen Wupen sold 500 shares of Lumentum stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $898.15, for a total value of $449,075.00. Following the transaction, the insider directly owned 93,229 shares of the company's stock, valued at $83,733,626.35. The trade was a 0.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, SVP Jae Kim sold 1,904 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was 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 of the company's stock, valued at approximately $34,847,910.72. This trade represents a 4.33% decrease in their ownership of the stock. 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 have sold 16,352 shares of company stock valued at $14,315,562 over the last three months. 0.43% of the stock is currently owned by insiders.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum’s 1.6T optical transceiver and 200G laser product ramps are positioned to benefit from growing AI data-center connectivity demand. Capacity expansion and tight industry supply could support revenue growth, although execution remains important. Lumentum's 1.6T and 200G Ramp Faces Cisco and NVIDIA Competition
• Positive Sentiment: The company’s recent earnings report showed revenue more than doubling year over year, while quarterly earnings exceeded estimates and management issued strong forward guidance. These results reinforce the investment case tied to AI-related demand. Lumentum Holdings as AI Demand and Fresh Guidance Put Valuation in Focus
• Positive Sentiment: Recent weakness in the shares may provide a more favorable entry point if Lumentum delivers on its growth outlook, although the stock’s substantial year-to-date gains make expectations high. Lumentum Stock Sinks: Why Better Times May Be Ahead
• Neutral Sentiment: A reported August short-interest figure of zero shares appears to be a data or reporting error, so it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Cisco Systems and NVIDIA are increasing competition in high-speed optical components, potentially pressuring Lumentum’s pricing, market share and margins as its new products ramp.
• Negative Sentiment: Lumentum’s rapid sales growth has been accompanied by a sizable net loss, and investors are scrutinizing whether its elevated valuation is justified by future execution. Coherent and Lumentum: Two AI Optics Suppliers Beat Earnings
• Negative Sentiment: CEO Michael Hurlston sold 6,185 shares valued at approximately $5.1 million, while a senior vice president sold roughly $1.6 million in stock. The transactions reduce insider ownership and may weigh modestly on sentiment, though they do not necessarily indicate deteriorating business conditions. Lumentum CEO Share Sale

Lumentum Trading Up 6.7%

Shares of LITE stock opened at $885.57 on Wednesday. Lumentum Holdings Inc. has a 12 month low of $123.50 and a 12 month high of $1,085.68. The company has a market cap of $79.44 billion, a PE ratio of -10.77 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. The business's 50 day moving average is $807.42 and its two-hundred day moving average is $798.54.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. Lumentum's revenue for the quarter was up 109.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

About Lumentum

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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