Lumentum Holdings Inc. $LITE Shares Sold by Penn Capital Management Company LLC

Key Points

• Penn Capital Management cut its Lumentum stake by 65.2% in the second quarter, selling 1,919 shares and retaining 1,023 shares valued at approximately $878,000. Institutional investors still own 94.05% of the company.
• Lumentum reported stronger-than-expected quarterly results, posting adjusted EPS of $3.23 versus the $2.97 consensus and revenue of $1.01 billion, up 109.3% year over year. Management guided for fiscal Q1 2027 EPS of $4.05 to $4.35.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and average price target of $1,044.67, although insiders sold $55.4 million of stock over the past 90 days and the shares remain exposed to valuation and sector volatility.

Penn Capital Management Company LLC cut its stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 65.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,023 shares of the technology company's stock after selling 1,919 shares during the quarter. Penn Capital Management Company LLC's holdings in Lumentum were worth $878,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company's stock worth $136,306,000 after buying an additional 114,714 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Lumentum in the first quarter valued at about $2,046,000. Styrax Capital LP lifted its stake in shares of Lumentum by 3.6% in the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company's stock worth $98,386,000 after buying an additional 4,837 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Lumentum by 21,806.5% in the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company's stock worth $57,183,000 after buying an additional 73,706 shares in the last quarter. Finally, Andar Capital Management HK Ltd acquired a new position in Lumentum during the fourth quarter worth about $4,325,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on LITE shares. Needham & Company LLC reaffirmed a "buy" rating and set a $1,040.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Jefferies Financial Group restated a "buy" rating and set a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Rosenblatt Securities restated a "buy" rating and issued a $1,300.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Bank of America cut their price target on 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, BNP Paribas Exane lifted their price objective on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lumentum currently has a consensus rating of "Moderate Buy" and an average price target of $1,044.67.

Insider Transactions at Lumentum

In related news, insider Vincent Retort sold 38,663 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total value of $32,963,687.17. Following the completion of the transaction, the insider directly owned 78,440 shares in the company, valued at approximately $66,877,159.60. This represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the transaction, the director owned 6,984 shares of the company's stock, valued at $6,984,558.72. The trade was a 16.86% 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. Insiders sold a total of 64,563 shares of company stock valued at $55,448,750 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Trending Headlines about Lumentum

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 Price Performance

Shares of LITE stock opened at $895.00 on Friday. 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's 50-day moving average is $811.83 and its two-hundred day moving average is $805.08. Lumentum Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $1,085.68. The company has a market capitalization of $80.28 billion, a PE ratio of -10.89 and a beta of 1.50.

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 for the quarter, beating the consensus estimate 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%. The business's revenue for the quarter was up 109.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share 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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