Kimelman & Baird LLC Purchases Shares of 2,254 Lumentum Holdings Inc. $LITE

Key Points

• Kimelman & Baird LLC initiated a Lumentum stake by purchasing 2,254 shares valued at approximately $1.93 million during the second quarter. Institutional investors and hedge funds collectively own 94.05% of Lumentum’s stock.
• Lumentum reported strong quarterly results, earning $3.23 per share versus the $2.97 consensus estimate and generating $1.01 billion in revenue, up 109.3% year over year. Management issued fiscal Q1 2027 EPS guidance of $4.05–$4.35, supported by demand for AI data-center networking products.
• Shares remain volatile despite favorable analyst sentiment. LITE recently traded around $895 after falling 6.4%, while analysts maintain a “Moderate Buy” consensus and an average price target of $1,044.67; insiders have also sold shares under pre-arranged Rule 10b5-1 plans.

Kimelman & Baird LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,254 shares of the technology company's stock, valued at approximately $1,934,000.

Several other hedge funds have also made changes to their positions in LITE. Jupiter Topco LLC purchased a new stake in shares of Lumentum during the 2nd quarter worth approximately $1,621,396,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lumentum by 8,579.2% during 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 position in Lumentum in the 4th quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC purchased a new position in Lumentum in the 4th quarter valued at about $432,062,000. Finally, Situational Awareness LP increased its holdings in Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company's stock worth $478,577,000 after purchasing an additional 880,800 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Activity at Lumentum

In related news, SVP Jae Kim sold 12,000 shares of the business'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. The trade was a 24.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 500 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $882.15, for a total transaction of $441,075.00. Following the completion of the sale, the insider directly owned 119,127 shares in the company, valued at approximately $105,087,883.05. This represents a 0.42% 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. Over the last three months, insiders have sold 64,563 shares of company stock valued at $55,448,750. 0.43% of the stock is currently owned by insiders.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

Lumentum Trading Down 6.4%

Shares of LITE opened at $895.00 on Friday. Lumentum Holdings Inc. has a 1 year low of $125.00 and a 1 year high of $1,085.68. The stock has a market cap of $80.28 billion, a PE ratio of -10.89 and a beta of 1.50. The stock has a 50 day simple moving average of $811.83 and a 200-day simple moving average of $805.08. 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 posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the business earned $0.88 EPS. The business's revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LITE. Mizuho increased their target price on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Needham & Company LLC reiterated a "buy" rating and issued a $1,040.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Craig Hallum increased their price objective on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Rosenblatt Securities reissued a "buy" rating and issued a $1,300.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Finally, B. Riley Financial reissued a "buy" rating on shares of Lumentum in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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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