Lumentum Holdings Inc. $LITE Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,975 shares of the technology company's stock after selling 2,013 shares during the period. HighTower Advisors LLC's holdings in Lumentum were worth $13,707,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LITE. Hilton Head Capital Partners LLC purchased a new position in Lumentum in the 1st quarter valued at about $25,000. Sachetta LLC boosted its holdings in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after purchasing an additional 19 shares during the period. Truvestments Capital LLC boosted its holdings in shares of Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock valued at $28,000 after buying an additional 57 shares during the period. Triumph Capital Management acquired a new position in Lumentum in the fourth quarter valued at approximately $30,000. Finally, Danske Bank A S bought a new position in Lumentum during the 3rd quarter worth $33,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 500 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $860.00, for a total value of $430,000.00. Following the sale, the insider directly owned 116,127 shares in the company, valued at $99,869,220. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer owned 186,951 shares of the company's stock, valued at $179,222,445.66. This trade represents a 0.29% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 65,147 shares of company stock valued at $55,812,856. Company insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LITE. Citigroup reissued a "buy" rating on shares of Lumentum in a report on Wednesday, August 12th. Mizuho lifted their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. UBS Group set a $820.00 target price on Lumentum in a research report on Wednesday, August 12th. Bank of America reduced 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 research report on Wednesday, August 12th. Finally, Rosenblatt Securities restated a "buy" rating and set a $1,300.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lumentum presently has an average rating of "Moderate Buy" and an average target price of $1,053.83.

Lumentum Price Performance

NASDAQ LITE opened at $988.98 on Thursday. Lumentum Holdings Inc. has a 1 year low of $144.52 and a 1 year high of $1,085.68. The company has a fifty day simple moving average of $821.38 and a 200 day simple moving average of $824.69. 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 company has a market cap of $88.71 billion, a P/E ratio of -12.03 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.97 by $0.26. The firm 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 company's revenue was up 109.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. 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 19.78 EPS for the current year.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-driven demand for high-speed optical networking is accelerating growth in Lumentum’s pump lasers, EMLs and continuous-wave lasers. The company is expanding capacity to address data-center demand, strengthening its competitive position relative to Broadcom and Applied Optoelectronics. LITE's Laser Growth Accelerates: Can It Challenge AVGO & AAOI?
• Positive Sentiment: Recent financial performance supports the bullish narrative: fiscal 2026 revenue reached $3.01 billion, up 83.2% year over year, while fourth-quarter revenue more than doubled to approximately $1.006 billion. The latest quarter also exceeded consensus estimates for both revenue and earnings, and management issued fiscal Q1 2027 EPS guidance of $4.05 to $4.35. Lumentum's $7.2 Billion Loss Was Not A Loss
• Positive Sentiment: Analyst coverage continues to identify Lumentum as a potential beneficiary of the AI data-center buildout. LITE was included among photonics stocks offering short-term upside as demand for optical connectivity expands. Buy 3 AI-Powered Photonics Stocks to Tap Solid Short-Term Price Upside
• Neutral Sentiment: At Citi’s Global TMT Conference, Lumentum discussed its growth opportunity and strategic position in AI-oriented optical networking, reinforcing the sector’s positive narrative but providing limited new quantitative information in the available report. Lumentum Presents at Citi's 2026 Global TMT Conference
• Neutral Sentiment: Commentary comparing Lumentum with Coherent and other optical-networking companies highlights strong industry demand, while also emphasizing that the shares have already experienced a substantial rally and depend on continued data-center spending. 3 AI Optical Networking Stocks Positioned for the Data Center Buildout
• Negative Sentiment: Valuation and execution are key risks. With the stock trading at an elevated earnings multiple after its sharp advance, any slowdown in AI infrastructure spending, capacity expansion problems or weaker margins could trigger volatility. The reported headline loss also underscores the impact of accounting charges, even though commentary characterized it as largely non-economic. Lumentum: Speed Is Everything

Lumentum Profile

Lumentum Holdings Inc NASDAQ: LITE designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.

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