Landscape Capital Management L.L.C. Makes New $706,000 Investment in Lumentum Holdings Inc. $LITE

Landscape Capital Management L.L.C. purchased a new stake in 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 (SEC). The firm purchased 823 shares of the technology company’s stock, valued at approximately $706,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in Lumentum during the 1st quarter valued at about $25,000. Sachetta LLC raised its position in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Lumentum during the second quarter worth about $40,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Lumentum in the second quarter valued at about $41,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Lumentum in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Insider Activity

In other Lumentum news, SVP Jae Kim sold 1,904 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,576,169.28. Following the transaction, the senior vice president owned 42,096 shares of the company’s stock, valued at $34,847,910.72. This represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the sale, the director owned 6,984 shares in the company, valued at $6,984,558.72. This trade represents a 16.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,352 shares of company stock valued at $14,315,562 over the last quarter. Insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Citic Securities increased their target price on Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Barclays raised their price target on Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane boosted their price target on Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Lumentum Price Performance

Lumentum stock opened at $866.71 on Monday. The stock has a market capitalization of $77.74 billion, a P/E ratio of -10.54 and a beta of 1.50. Lumentum Holdings Inc. has a 12-month low of $115.89 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 firm’s 50-day moving average is $809.76 and its two-hundred day moving average is $792.80.

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

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.