Insight Holdings Group LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Insight Holdings Group LLC acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,970 shares of the technology company’s stock, valued at approximately $4,195,000. Lumentum accounts for approximately 0.3% of Insight Holdings Group LLC’s portfolio, making the stock its 25th biggest position.

Several other hedge funds have also modified their holdings of the stock. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the 1st quarter worth $25,000. Sachetta LLC raised its position in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lumentum in the 4th quarter valued at about $28,000. Truvestments Capital LLC boosted its stake in shares of Lumentum by 300.0% in the 4th 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 period. Finally, Triumph Capital Management acquired a new position in shares of Lumentum during the fourth quarter worth about $30,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Barclays recently upgraded Lumentum and cited expectations for continued earnings strength, keeping the photonics maker in focus ahead of its next earnings report.
• Positive Sentiment: Zacks highlighted Lumentum as one of three stocks worth buying after recent broker rating upgrades, reinforcing the bullish analyst backdrop.
• Positive Sentiment: Analysts now describe Lumentum as a “Moderate Buy,” reflecting broad Street confidence in the company’s outlook.
• Positive Sentiment: Recent coverage has tied Lumentum to AI and data-center spending themes, with investors expecting optical networking suppliers to benefit from ongoing infrastructure buildout.
• Neutral Sentiment: Investors are also watching Lumentum’s upcoming quarterly earnings preview, with results likely to be a key catalyst for the stock.
• Negative Sentiment: Short interest data showed 0 shares reported, so there is no meaningful bearish signal from the latest short-interest update.

Lumentum Price Performance

LITE stock opened at $762.99 on Friday. The business has a 50 day moving average price of $844.69 and a 200 day moving average price of $725.88. The stock has a market cap of $59.36 billion, a price-to-earnings ratio of 141.29 and a beta of 1.48. Lumentum Holdings Inc. has a fifty-two week low of $101.22 and a fifty-two week high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s quarterly revenue was up 90.1% compared to the same quarter last year. 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 anticipate that Lumentum Holdings Inc. will post 6.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, SVP Jae Kim sold 1,422 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the completion of the transaction, the senior vice president owned 32,333 shares in the company, valued at approximately $30,844,065.35. This represents a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider directly owned 89,563 shares in the company, valued at $85,438,623.85. This trade represents a 3.43% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

LITE has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a research note on Tuesday, June 9th. Rosenblatt Securities boosted their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus increased their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a report on Friday, July 17th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,012.67.

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.