Insider Selling: Lumentum (NASDAQ:LITE) SVP Sells 1,933 Shares of Stock

Key Points

• Lumentum SVP Jae Kim sold 1,933 shares on May 11 at an average price of $950.99, for total proceeds of about $1.84 million. The sale was disclosed in an SEC filing and was made under a pre-arranged Rule 10b5-1 trading plan.
• Lumentum recently beat earnings expectations, reporting $2.37 EPS versus the $2.27 estimate, while revenue rose 90.1% year over year to $808.4 million. The company also issued Q4 2026 EPS guidance of $2.85 to $3.05.
• Analysts remain broadly bullish on Lumentum, with several firms raising price targets and the stock carrying a consensus “Moderate Buy” rating. Recent news also highlighted its addition to the Nasdaq-100 and ongoing demand from AI and cloud data centers.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) SVP Jae Kim sold 1,933 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $950.99, for a total transaction of $1,838,263.67. Following the completion of the transaction, the senior vice president owned 35,114 shares in the company, valued at approximately $33,393,062.86. This represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lumentum Stock Performance

Shares of LITE stock traded down $60.72 on Tuesday, hitting $992.37. The company's stock had a trading volume of 7,519,852 shares, compared to its average volume of 5,849,987. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The stock's 50 day moving average is $793.08 and its 200-day moving average is $520.30. Lumentum Holdings Inc. has a fifty-two week low of $71.04 and a fifty-two week high of $1,085.68. The company has a market capitalization of $77.21 billion, a PE ratio of 183.77 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business's revenue for the quarter was up 90.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 5.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on LITE. Loop Capital increased their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. BNP Paribas Exane increased their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Stifel Nicolaus increased their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC boosted their price target on shares of Lumentum from $880.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,012.43.

Hedge Funds Weigh In On Lumentum

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company's stock worth $1,217,930,000 after acquiring an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lumentum by 18.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company's stock worth $683,661,000 after buying an additional 291,591 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lumentum by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company's stock worth $521,563,000 after buying an additional 123,265 shares during the last quarter. Situational Awareness LP boosted its holdings in shares of Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company's stock worth $478,577,000 after buying an additional 880,800 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Lumentum in the 4th quarter worth about $474,495,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum has been added to the Nasdaq-100, a milestone that is driving fresh buying from index funds and momentum investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent Q3 results beat expectations, and management’s guidance pointed to continued strength from AI and cloud data center demand, reinforcing the bull case for LITE. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Northland Securities raised FY2027 EPS estimates for Lumentum, and Citic Securities lifted its price target to $1,186, signaling stronger long-term earnings expectations. Citic Securities adjusts price target on Lumentum
• Neutral Sentiment: Several recent articles argue that Lumentum’s rally has been so strong that investors are now questioning whether the stock is still fairly valued after a large year-to-date surge.
• Neutral Sentiment: Commentary also notes that supply constraints and a premium valuation could limit near-term upside even as demand remains strong.

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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