Lumentum Holdings Inc. $LITE Shares Acquired by Saudi Central Bank

Saudi Central Bank increased its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 91.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,998 shares of the technology company's stock after purchasing an additional 2,381 shares during the period. Saudi Central Bank's holdings in Lumentum were worth $4,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hilltop National Bank boosted its position in shares of Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock worth $61,000 after buying an additional 15 shares during the period. Sachetta LLC raised its holdings in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after buying an additional 19 shares during the period. Toth Financial Advisory Corp raised its holdings in shares of Lumentum by 127.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company's stock valued at $43,000 after buying an additional 28 shares during the period. Versant Capital Management Inc lifted its position in Lumentum by 39.5% during the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock worth $91,000 after acquiring an additional 30 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Lumentum during the 1st quarter worth approximately $25,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Price Performance

Shares of LITE opened at $881.26 on Monday. Lumentum Holdings Inc. has a 52 week low of $144.20 and a 52 week high of $1,085.68. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of -10.72 and a beta of 1.53. The stock has a 50 day moving average of $814.62 and a 200-day moving average of $817.52.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.26. The business 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 business's revenue was up 109.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-photonics rally: Lumentum gained alongside Coherent and other optical-networking stocks as investors focused on rising demand for lasers and optical components used to connect high-performance AI chips. Optical-photonics stocks article
• Positive Sentiment: Favorable analyst coverage: Deutsche Bank initiated coverage with a Buy rating, while Evercore also began research coverage. New institutional coverage can improve visibility and support investor interest in LITE. Deutsche Bank coverage article Evercore coverage article
• Positive Sentiment: AI infrastructure fundamentals remain strong: Recent results showed approximately $1.01 billion in quarterly revenue, adjusted EPS of $3.23, and guidance for $1.225 billion–$1.275 billion in revenue. Nvidia’s investment and purchase commitment for Lumentum’s laser components further reinforce the AI-demand thesis.
• Neutral Sentiment: Portfolio concentration warning: One analysis said LITE’s roughly 680% advance can make it an outsized portfolio position. The article remained positive on the business but advised investors to reassess position sizing after the substantial rally. Lumentum portfolio concentration article
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis argued that Lumentum has become too expensive following its dramatic run, creating a potential headwind if growth or AI infrastructure spending fails to exceed already-high expectations. Lumentum valuation article
• Negative Sentiment: Insider selling: Yuen Wupen sold two separate blocks of 500 shares for a combined $862,245. Both trades were conducted under a pre-arranged Rule 10b5-1 plan and represented only 0.43% of the insider’s holdings, making the signal relatively limited.

Wall Street Analysts Forecast Growth

LITE has been the subject of several recent research reports. Wolfe Research reaffirmed an "outperform" rating on shares of Lumentum in a research report on Friday, August 21st. Zacks Research raised shares of Lumentum from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. UBS Group set a $820.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Bank of America lowered their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating for the company in a report on Wednesday, August 12th. Finally, Northland Securities lifted their price target 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. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,053.83.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 1,500 shares of Lumentum stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares of the company's stock, valued at approximately $83,141,273.88. The trade was a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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, CEO Michael Hurlston sold 548 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer directly owned 186,951 shares of the company's stock, valued at approximately $179,222,445.66. This represents a 0.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,147 shares of company stock valued at $55,812,856. Corporate 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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