NewEdge Advisors LLC Has $7.90 Million Stake in Lumentum Holdings Inc. $LITE

Key Points

• NewEdge Advisors cut its Lumentum stake by 73.8% in the second quarter, selling 25,955 shares and retaining 9,205 shares valued at approximately $7.90 million. Institutional investors and hedge funds collectively own about 94.05% of Lumentum.
• Lumentum reported strong quarterly results, with revenue rising 109.3% year over year to approximately $1.01 billion and adjusted EPS of $3.23, exceeding the $2.97 consensus estimate. The company guided to fiscal first-quarter 2027 EPS of $4.05–$4.35, supported by demand for AI data-center optical infrastructure.
• Analyst sentiment remains favorable but insiders have been selling. Lumentum has a “Moderate Buy” consensus rating and an average price target of $1,053.83, while insiders sold 66,147 shares worth about $56.7 million during the latest quarter, primarily through pre-arranged trading plans.

NewEdge Advisors LLC reduced its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 73.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,205 shares of the technology company's stock after selling 25,955 shares during the quarter. NewEdge Advisors LLC's holdings in Lumentum were worth $7,899,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in shares of Lumentum in the 1st quarter valued at about $25,000. Sachetta LLC grew its holdings in Lumentum by 118.8% during 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. Meeder Asset Management Inc. bought a new position in Lumentum during the second quarter worth about $40,000. Keating Financial Advisory Services Inc. acquired a new position in Lumentum during the second quarter worth approximately $41,000. Finally, Fiduciary Financial Advisors acquired a new position in Lumentum during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Transactions at Lumentum

In other news, SVP Jae Kim sold 12,000 shares of Lumentum stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the sale, the senior vice president owned 37,804 shares of the company's stock, valued at approximately $32,230,934.32. This trade represents a 24.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. 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. Insiders have sold 66,147 shares of company stock worth $56,741,571 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI data-center demand remains the main catalyst. Lumentum is benefiting from the shift from copper to fiber optics, record 800G transceiver shipments and tight supply of EML lasers. Analysts see significant growth potential as customers increase spending on high-speed optical infrastructure, particularly from 2027 onward. Lumentum: Why 2027 Will Be a Game Changer
• Positive Sentiment: Recent financial results and guidance were strong. Lumentum’s latest quarterly revenue reached approximately $1.01 billion, while adjusted EPS of $3.23 exceeded the $2.97 consensus estimate. Revenue more than doubled year over year, and first-quarter fiscal 2027 EPS guidance of $4.05 to $4.35 supports expectations for continued earnings momentum.
• Positive Sentiment: Analyst and institutional interest remains supportive. LITE has been highlighted as an AI infrastructure “buy zone” stock, and the analyst consensus remains “Moderate Buy,” with an average price target above the latest reported trading level. Institutional investors and hedge funds own approximately 94% of the shares. Top Funds Bet Billions As This AI Stock Lights Up a Buy Zone
• Neutral Sentiment: Competitive risks are increasing. Applied Optoelectronics is expanding 800G and 1.6T optical capacity as AI networking demand rises, highlighting the intensifying competition Lumentum faces in a rapidly growing market. AAOI's Optical Networking Demand Rise
• Negative Sentiment: Repeated insider selling may be weighing on sentiment. Insider Yuen Wupen sold 500 shares for approximately $481,000 on September 10 and another 500 shares for about $448,000 on September 8. The trades were made under a pre-arranged Rule 10b5-1 plan and represent only 0.43% of the insider’s holdings per transaction, limiting their significance but still signaling profit-taking at elevated prices. Lumentum Insider Sale

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LITE. TD Cowen raised their price objective on Lumentum from $800.00 to $820.00 and gave the company a "hold" rating in a research report on Wednesday, August 12th. Northland Securities boosted their target price on Lumentum from $1,000.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. UBS Group set a $820.00 price target on Lumentum in a research note on Wednesday, August 12th. Wolfe Research reaffirmed an "outperform" rating on shares of Lumentum in a report on Friday, August 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,040.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lumentum presently has a consensus rating of "Moderate Buy" and an average price target of $1,053.83.

Lumentum Trading Down 0.9%

Shares of NASDAQ:LITE opened at $927.03 on Friday. Lumentum Holdings Inc. has a 12-month low of $144.52 and a 12-month high of $1,085.68. The business has a 50 day moving average of $829.50 and a 200-day moving average of $827.28. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock has a market cap of $83.15 billion, a PE ratio of -11.28 and a beta of 1.53.

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

About Lumentum

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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