Jae Kim Sells 12,000 Shares of Lumentum (NASDAQ:LITE) Stock

Key Points

• Jae Kim sold 12,000 Lumentum shares for approximately $10.23 million at an average price of $852.58, reducing his ownership by 24.09%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• Lumentum shares recently traded at $956.14, near their 52-week high, amid strong enthusiasm for AI-related optical connectivity products. The company’s latest quarterly results also exceeded expectations, with revenue rising 109.3% year over year and EPS beating consensus estimates.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,044.67. However, competition from Cisco and NVIDIA and the stock’s elevated valuation remain key risks.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) 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 transaction of $10,230,960.00. Following the completion of the transaction, the senior vice president directly owned 37,804 shares in the company, valued at $32,230,934.32. This trade represents a 24.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jae Kim also recently made the following trade(s):

• On Thursday, August 20th, Jae Kim sold 1,904 shares of Lumentum stock. The stock was sold at an average price of $827.82, for a total value of $1,576,169.28.
• On Tuesday, August 18th, Jae Kim sold 1,366 shares of Lumentum stock. The shares were sold at an average price of $909.43, for a total transaction of $1,242,281.38.

Lumentum Stock Performance

Shares of NASDAQ:LITE traded up $17.11 during trading on Thursday, hitting $956.14. 4,117,128 shares of the company were exchanged, compared to its average volume of 5,130,874. 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 company has a market cap of $85.77 billion, a PE ratio of -11.63 and a beta of 1.50. Lumentum Holdings Inc. has a 52-week low of $125.00 and a 52-week high of $1,085.68. The stock has a 50 day moving average of $810.93 and a 200 day moving average of $804.45.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter last year, the business posted $0.88 earnings per share. The firm's revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities research analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum in the 1st quarter worth $25,000. Sachetta LLC increased its position in shares of 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 in the last quarter. Truvestments Capital LLC raised its stake in Lumentum by 300.0% in the fourth 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 last quarter. Triumph Capital Management acquired a new stake in Lumentum in the 4th quarter worth approximately $30,000. Finally, Danske Bank A S acquired a new stake in shares of Lumentum during the third quarter worth $33,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-optics enthusiasm remains the primary catalyst. Investors are buying Lumentum as demand grows for optical connectivity products used in AI data-center networks. Lumentum has recently outperformed some peer optoelectronics companies, reinforcing its status as a preferred AI infrastructure play. Lumentum Climbs 4% as the AI Optics Trade Extends a Second Session
• Positive Sentiment: Trading data pointed to strong buying pressure. A reported “Power Inflow” alert, based on institutional and retail order-flow activity, provided an additional technical signal supporting the recent advance. Lumentum Shares Rise Over 4% After Key Trading Signal
• Positive Sentiment: Fundamentals and analyst sentiment remain supportive. Lumentum’s latest quarterly results exceeded expectations, with revenue more than doubling year over year, and its next-quarter EPS guidance is strong. Analysts maintain a broadly favorable view, including recent price-target increases and a consensus “Moderate Buy” rating.
• Neutral Sentiment: Management commentary is being monitored. Lumentum presented at the Deutsche Bank 2026 Technology Conference, giving investors an opportunity to assess its outlook for AI-related optical products, capacity expansion and execution. The supplied transcript entry does not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Insider selling creates a modest overhang. Yuen Wupen sold 500 shares on both August 24 and August 26, but each transaction represented only about 0.54% of the insider’s holdings and was executed under a pre-arranged Rule 10b5-1 plan. The sales therefore appear less significant than discretionary selling. SEC Insider Trading Filing
• Negative Sentiment: Competition and valuation remain risks. Cisco and NVIDIA are developing competing AI-connectivity solutions, potentially pressuring Lumentum’s pricing and margins. The stock’s sharp run also increases sensitivity to execution issues or disappointing growth.

Analysts Set New Price Targets

A number of analysts recently commented on LITE shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $1,036.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Wolfe Research restated an "outperform" rating on shares of Lumentum in a research note on Friday, August 21st. Northland Securities upped their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. Mizuho boosted their price target on Lumentum from $1,100.00 to $1,140.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Finally, Barclays raised their price objective on Lumentum from $750.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,044.67.

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.

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