Vincent Retort Sells 2,483 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 2,483 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $2,055,477.06. Following the sale, the insider directly owned 109,438 shares in the company, valued at $90,594,965.16. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

Vincent Retort also recently made the following trade(s):

• On Tuesday, August 18th, Vincent Retort sold 3,183 shares of Lumentum stock. The stock was sold at an average price of $909.43, for a total value of $2,894,715.69.

Lumentum Stock Performance

Shares of LITE opened at $866.71 on Friday. The stock has a 50-day moving average of $809.76 and a two-hundred day moving average of $790.21. Lumentum Holdings Inc. has a one year low of $115.89 and a one year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The stock has a market cap of $77.74 billion, a P/E ratio of -10.54 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last announced 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. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on LITE. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Stifel Nicolaus upped their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Craig Hallum upped their price objective on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $1,036.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Finally, Northland Securities raised their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,044.67.

Institutional Trading of Lumentum

Several hedge funds and other institutional investors have recently bought and sold shares of LITE. Advisors Asset Management Inc. raised its position in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after acquiring an additional 6,275 shares during the period. Empowered Funds LLC boosted its position in Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after purchasing an additional 680 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Lumentum in the 2nd quarter worth approximately $298,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Lumentum in the 2nd quarter worth approximately $1,712,000. 94.05% of the stock is owned by institutional investors and hedge funds.

More Lumentum News

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

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.