OneDigital Investment Advisors LLC Acquires Shares of 2,763 Lumentum Holdings Inc. $LITE

OneDigital Investment Advisors LLC acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, Holdings Channel.com reports. The fund acquired 2,763 shares of the technology company’s stock, valued at approximately $2,371,000.

A number of other institutional investors have also made changes to their positions in LITE. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lumentum by 18.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares during the period. Geode Capital Management LLC increased its stake in Lumentum by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after buying an additional 123,265 shares during the period. Situational Awareness LP boosted its position in Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after buying an additional 880,800 shares during the last quarter. Norges Bank purchased a new position in Lumentum in the 4th quarter valued at about $474,495,000. Finally, Value Aligned Research Advisors LLC acquired a new stake in shares of Lumentum during the fourth quarter valued at about $432,062,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lumentum

In related news, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction dated Tuesday, June 2nd. The shares were 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 $6,984,558.72. The trade was a 16.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the sale, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. The trade was a 19.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,370 shares of company stock worth $9,156,532 in the last ninety days. 0.43% of the stock is owned by company insiders.

Analyst Ratings Changes

LITE has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price 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. Citigroup restated a “buy” rating on shares of Lumentum in a research note on Wednesday. Northland Securities lifted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Craig Hallum upped their target price on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,044.67.

Key Lumentum News

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 NASDAQ:LITE opened at $926.14 on Monday. The stock has a market capitalization of $72.05 billion, a price-to-earnings ratio of -11.27 and a beta of 1.50. Lumentum Holdings Inc. has a 1-year low of $111.20 and a 1-year high of $1,085.68. The company’s fifty day moving average is $809.08 and its two-hundred day moving average is $775.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.97 by $0.26. The company had revenue of $1.01 billion for 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%. Lumentum’s revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post 16.97 EPS 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.