Ian Small Sells 3,500 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Ian Small sold 3,500 shares of Lumentum stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $911.17, for a total value of $3,189,095.00. Following the completion of the transaction, the director directly owned 25,962 shares in the company, valued at $23,655,795.54. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Lumentum Trading Up 3.8%

Shares of LITE opened at $1,030.10 on Thursday. The business’s 50-day moving average price is $798.01 and its 200 day moving average price is $526.37. The stock has a market capitalization of $80.14 billion, a P/E ratio of 190.76 and a beta of 1.53. Lumentum Holdings Inc. has a 1-year low of $71.04 and a 1-year high of $1,085.68. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter last year, the business posted $0.57 EPS. Lumentum’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Analysts expect that Lumentum Holdings Inc. will post 6.49 earnings per share for the current year.

Institutional Investors Weigh In On Lumentum

Several institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. increased its position in shares of Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after purchasing an additional 357,367 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Lumentum in the fourth quarter valued at $6,755,000. Headwater Capital Co Ltd bought a new stake in Lumentum in the third quarter valued at $20,339,000. Estate Counselors LLC bought a new stake in Lumentum in the fourth quarter valued at $4,239,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in Lumentum in the third quarter valued at $1,383,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on LITE shares. BNP Paribas Exane lifted their target price on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. Stifel Nicolaus lifted their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Craig Hallum lifted their target price on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Finally, Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, a major catalyst that can trigger buying from index funds and other benchmark-tracking investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent earnings momentum remains strong, with Lumentum beating estimates and issuing upbeat guidance tied to AI and cloud data center demand. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Wall Street continues to raise expectations: Northland Securities boosted future EPS estimates, and Citic Securities reportedly lifted its price target to $1,186, reinforcing the bull case for further growth. Lumentum (NASDAQ:LITE) Given New $1,186.00 Price Target at Citic Securities
• Neutral Sentiment: Several recent pieces note that Lumentum’s share price has already had a huge run, so some investors are now debating whether the stock is getting stretched after the rally.
• Neutral Sentiment: Commentary also points to potential supply constraints and a premium valuation, which may limit near-term upside even though demand remains very strong.
• Negative Sentiment: Insider selling by executives and directors may create some caution, though the sales were disclosed as part of pre-arranged trading plans and do not necessarily signal a change in fundamentals. Lumentum (NASDAQ:LITE) SVP Sells $1,838,263.67 in Stock

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.