Jupiter Topco LLC Buys New Holdings in Lumentum Holdings Inc. $LITE

Jupiter Topco LLC purchased 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 SEC. The institutional investor purchased 1,889,608 shares of the technology company's stock, valued at approximately $1,621,396,000. Lumentum accounts for 0.7% of Jupiter Topco LLC's holdings, making the stock its 28th biggest position. Jupiter Topco LLC owned about 2.43% of Lumentum at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hilltop National Bank increased its holdings in shares of Lumentum by 26.8% during the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock valued at $61,000 after acquiring an additional 15 shares in the last quarter. Sachetta LLC lifted its holdings in shares of Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Lumentum by 39.5% in the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock worth $91,000 after purchasing an additional 30 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the 1st quarter valued at $25,000. Finally, Abel Hall LLC raised its holdings in Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company's stock worth $487,000 after buying an additional 36 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LITE shares. B. Riley Financial reaffirmed a "buy" rating on shares of Lumentum in a research note on Friday, May 1st. Citigroup restated a "buy" rating on shares of Lumentum in a report on Wednesday, August 12th. Barclays raised their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Citic Securities lifted their price target on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, Stifel Nicolaus boosted their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,044.67.

Lumentum News Summary

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 Stock Performance

Shares of LITE stock opened at $885.57 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The firm has a 50-day moving average of $807.42 and a 200-day moving average of $798.54. Lumentum Holdings Inc. has a one year low of $123.50 and a one year high of $1,085.68. The company has a market cap of $79.44 billion, a P/E ratio of -10.77 and a beta of 1.50.

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 (EPS) 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 the consensus estimate 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 quarterly revenue was up 109.3% compared to the same quarter last year. During the same period in the prior year, the firm 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 fiscal year.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 3,183 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total transaction of $2,894,715.69. Following the completion of the sale, the insider directly owned 114,495 shares of the company's stock, valued at approximately $104,125,187.85. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Lumentum stock in a transaction 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 sale, the senior vice president owned 42,096 shares in the company, valued at $34,847,910.72. This trade represents a 4.33% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 16,352 shares of company stock valued at $14,315,562. Insiders own 0.43% of the company's stock.

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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