State of Wyoming Purchases New Holdings in Lumentum Holdings Inc. $LITE

State of Wyoming acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 665 shares of the technology company’s stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LITE. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum during the first quarter worth about $25,000. Sachetta LLC grew its stake in Lumentum by 118.8% in 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 increased its holdings 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 bought a new stake in Lumentum in the fourth quarter valued at about $30,000. Finally, Danske Bank A S acquired a new stake in Lumentum during the third quarter valued at approximately $33,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the completion of the transaction, the director directly owned 8,400 shares in the company, valued at approximately $7,224,000. The trade was a 32.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the transaction, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 10,370 shares of company stock valued at $9,156,532. 0.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus increased their target price on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Northland Securities upped their price target on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Bank of America reduced their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, UBS Group set a $820.00 price objective on shares of Lumentum in a report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average target price of $1,044.67.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Strong earnings and guidance: Lumentum reported quarterly EPS of $3.23, ahead of the $2.97 consensus estimate, while revenue reached $1.01 billion versus expectations of $987.7 million. Revenue increased roughly 109% year over year, and management issued fiscal Q1 2027 EPS guidance of $4.05-$4.35. Lumentum fiscal fourth-quarter earnings call transcript
• Positive Sentiment: AI infrastructure demand is accelerating: Analysts and financial commentators highlighted surging demand for optical components as AI data centers replace copper connections with high-speed fiber-optic links between GPU racks. Lumentum’s optical product sales and expanding margins are viewed as evidence that the company is converting this trend into results. Lumentum Just Delivered the AI Growth Investors Wanted
• Positive Sentiment: Analyst support increased: Rosenblatt Securities assigned LITE a Buy rating, while JPMorgan forecast significant additional appreciation. Reports cited an average Wall Street price target near $1,126, supporting the bullish reaction after earnings. Lumentum earns Buy rating from Rosenblatt Securities
• Neutral Sentiment: Sector-wide momentum: Lumentum, Corning and Applied Optoelectronics all advanced as investors returned to AI and optical-infrastructure stocks. The broader rally provides a favorable trading backdrop, although some of LITE’s move may reflect industry-wide enthusiasm rather than company-specific news. Optics stocks rise to end the week
• Negative Sentiment: Valuation and execution risks remain: Some commentary warned that the stock’s sharp long-term advance has left limited room for disappointment, with valuation and analyst disagreement creating potential volatility. Investors may also question whether AI-driven growth can remain at its current pace.

Lumentum Price Performance

Shares of LITE opened at $926.14 on Monday. Lumentum Holdings Inc. has a 12 month low of $111.20 and a 12 month high of $1,085.68. 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 stock has a fifty day moving average price of $809.08 and a 200 day moving average price of $775.45. The company has a market cap of $72.05 billion, a P/E ratio of -11.27 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, research analysts forecast that Lumentum Holdings Inc. will post 16.97 earnings per share for the current year.

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.