Isaac Hosojiro Harris Sells 1,416 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. The trade was a 16.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Isaac Hosojiro Harris also recently made the following trade(s):

• On Friday, May 29th, Isaac Hosojiro Harris sold 4,000 shares of Lumentum stock. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00.

Lumentum Trading Up 0.8%

Lumentum stock traded up $7.08 during midday trading on Thursday, hitting $945.08. 6,031,800 shares of the stock were exchanged, compared to its average volume of 6,015,479. The company has a fifty day simple moving average of $875.70 and a two-hundred day simple moving average of $600.97. Lumentum Holdings Inc. has a 52 week low of $80.39 and a 52 week high of $1,085.68. The stock has a market capitalization of $73.53 billion, a PE ratio of 175.02 and a beta of 1.47. 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 released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same quarter last year, the firm earned $0.57 EPS. Lumentum’s quarterly revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum announced agreements to exchange about $650.4 million of its 0.50% convertible senior notes due 2028, a move that could reduce near-term refinancing risk and strengthen its capital structure. Article Title
• Positive Sentiment: Northland Securities raised its price target on Lumentum to $1,200 from $1,000 and kept an outperform rating, reinforcing bullish expectations for further upside. Article Title
• Positive Sentiment: Recent coverage highlighted Lumentum as a key beneficiary of Nvidia’s shift toward optical interconnects in AI data centers, supporting the view that demand for photonics components could stay strong. Article Title
• Positive Sentiment: Analyst sentiment remains constructive overall, with reports noting an average rating of “Moderate Buy” and other articles pointing to continued interest after the company’s strong earnings and guidance. Article Title
• Neutral Sentiment: Several pieces revisited the stock’s post-earnings performance and valuation, suggesting investors are assessing whether the recent run-up is justified after a very strong multi-month rally. Article Title
• Neutral Sentiment: Lumentum also presented at the Bank of America 2026 Global Technology Conference, which may have added visibility but did not by itself provide a major new catalyst. Article Title
• Negative Sentiment: A separate note said the stock was down modestly since its last earnings report, reflecting some consolidation after the recent surge and a bit of caution around whether expectations have run ahead of fundamentals. Article Title

Institutional Trading of Lumentum

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum in the first quarter valued at approximately $25,000. Sachetta LLC raised its holdings in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares during the last quarter. Wiser Advisor Group LLC raised its holdings in shares of Lumentum by 6,000.0% in the first quarter. Wiser Advisor Group LLC now owns 61 shares of the technology company’s stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Lumentum by 687.5% in the first quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock valued at $44,000 after purchasing an additional 55 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of 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 purchasing an additional 57 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LITE has been the topic of a number of research reports. B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Craig Hallum lifted their price target on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Needham & Company LLC lifted their price target on shares of Lumentum from $880.00 to $1,040.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price target on shares of Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities lifted their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

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.