2,315 Shares in Lumentum Holdings Inc. $LITE Acquired by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, Holdings Channel reports. The firm bought 2,315 shares of the technology company’s stock, valued at approximately $1,986,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LITE. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum in the first quarter worth $25,000. Sachetta LLC boosted its holdings in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the period. V Square Quantitative Management LLC acquired a new position in Lumentum in the 4th quarter valued at $28,000. Truvestments Capital LLC grew its stake in 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 last quarter. Finally, Triumph Capital Management bought a new position in Lumentum in the 4th quarter worth $30,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Up 8.9%

NASDAQ LITE opened at $849.47 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The firm has a 50-day simple moving average of $816.50 and a 200 day simple moving average of $745.94. Lumentum Holdings Inc. has a twelve month low of $106.16 and a twelve month high of $1,085.68. The stock has a market cap of $66.09 billion, a PE ratio of 157.31 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $810.21 million. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 90.1% compared to the same quarter last year. On average, research analysts forecast that Lumentum Holdings Inc. will post 6.42 EPS for the current year.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Reports that the U.S. may restrict imports of Chinese data-center components lifted optical-networking stocks, including Lumentum. Investors appear to expect the company and other domestic suppliers to benefit from reduced Chinese competition and increased demand. Marvell, Corning, and Lumentum Stocks Surge on Report of China Import Ban
• Positive Sentiment: A separate market report also linked Lumentum’s gains to the reported U.S. ban, which helped drive a broader rally among optical-component makers. The impact remains dependent on whether the proposed restrictions are formally implemented. Applied Optoelectronics Rockets, Coherent Climbs, Lumentum Gains on Reported U.S. Ban
• Positive Sentiment: Mizuho issued highly bullish commentary on Lumentum, supporting a sharp rebound from its late-July low. The stock’s association with Nvidia and exposure to AI-related data-center infrastructure are reinforcing investor enthusiasm. Here’s Why Nvidia-Backed Lumentum Stock Is Jumping Today
• Positive Sentiment: Analysts and earnings-preview reports expect year-over-year earnings growth and identify conditions that could support a quarterly earnings beat, including favorable estimates and recent operating momentum. Lumentum previously exceeded consensus EPS expectations while revenue grew strongly year over year. Lumentum Earnings Expected to Grow
• Positive Sentiment: Investors remain focused on the AI infrastructure opportunity: one analysis forecasts revenue growth above 90% in early fiscal 2027, improving profitability and approximately $500 million in fiscal 2027 free cash flow. Lumentum: The AI Trade Isn’t Dead

Insider Activity at Lumentum

In other news, Director Isaac Hosojiro Harris sold 1,416 shares of the business’s 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 sale, the director directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. The trade was a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 of the company’s stock, valued at $30,844,065.35. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 41,260 shares of company stock worth $38,859,220 in the last three months. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LITE shares. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,014.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. BNP Paribas Exane lifted their price objective on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Stifel Nicolaus boosted their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Susquehanna increased their target price on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research note on Monday, April 20th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

Lumentum 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.