Vincent Retort Sells 38,663 Shares of Lumentum (NASDAQ:LITE) Stock

Key Points

• Insider Vincent Retort sold 38,663 Lumentum shares for approximately $33.0 million under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 33.02% to 78,440 shares.
• Lumentum shares rose 1.8% to $956.14, while the company reported quarterly EPS of $3.23 and revenue of $1.01 billion—both ahead of expectations—with revenue up 109.3% year over year.
• Analyst sentiment remains broadly favorable: Lumentum has a “Moderate Buy” consensus rating and an average price target of $1,044.67, supported by strong AI-data-center optics demand, though competition and elevated valuation remain risks.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Vincent Retort sold 38,663 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 78,440 shares in the company, valued at approximately $66,877,159.60. The trade was a 33.02% 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.

Vincent Retort also recently made the following trade(s):

• On Thursday, August 20th, Vincent Retort sold 2,483 shares of Lumentum stock. The stock was sold at an average price of $827.82, for a total transaction of $2,055,477.06.
• On Tuesday, August 18th, Vincent Retort sold 3,183 shares of Lumentum stock. The shares were sold at an average price of $909.43, for a total transaction of $2,894,715.69.

Lumentum Trading Up 1.8%

Shares of NASDAQ LITE traded up $17.11 during midday trading on Thursday, hitting $956.14. The stock had a trading volume of 4,117,128 shares, compared to its average volume of 5,130,874. The company has a fifty day moving average price of $810.93 and a 200 day moving average price of $804.45. The company has a market capitalization of $85.77 billion, a price-to-earnings ratio of -11.63 and a beta of 1.50. Lumentum Holdings Inc. has a 1-year low of $125.00 and a 1-year high of $1,085.68. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter last year, the firm posted $0.88 earnings per share. Lumentum's revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup reissued a "buy" rating on shares of Lumentum in a research report on Wednesday, August 12th. B. Riley Financial reiterated a "buy" rating on shares of Lumentum in a research note on Friday, May 1st. Craig Hallum boosted their target price on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. BNP Paribas Exane upped their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus lifted their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. One 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,044.67.

Institutional Investors Weigh In On Lumentum

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in Lumentum by 112,343.2% in the second quarter. California State Teachers Retirement System now owns 92,237,160 shares of the technology company's stock valued at $79,145,018,000 after acquiring an additional 92,155,130 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of Lumentum in the 2nd quarter worth about $1,621,396,000. Arrowstreet Capital Limited Partnership raised its stake 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 valued at $683,661,000 after purchasing an additional 291,591 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company's stock worth $521,563,000 after purchasing an additional 123,265 shares during the last quarter. Finally, Situational Awareness LP lifted its position in shares of Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company's stock worth $478,577,000 after purchasing an additional 880,800 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

More 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.

Lumentum Company Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source