1,089 Shares in Lumentum Holdings Inc. $LITE Bought by Bluefin Capital Management LLC

Bluefin Capital Management LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,089 shares of the technology company’s stock, valued at approximately $934,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum in the 1st quarter worth about $25,000. Sachetta LLC boosted its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after purchasing an additional 57 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Lumentum during the fourth quarter valued at about $30,000. Finally, Danske Bank A S purchased a new position in shares of Lumentum during the third quarter valued at about $33,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Jae Kim sold 1,904 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the transaction, the senior vice president owned 42,096 shares in the company, valued at $34,847,910.72. The trade was a 4.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Also, insider Yuen Wupen sold 1,500 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the sale, the insider directly owned 100,434 shares in the company, valued at $83,141,273.88. This trade represents a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders have sold 17,352 shares of company stock worth $15,168,757. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Mizuho raised their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Stifel Nicolaus upped their target price on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Craig Hallum increased their target price on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, Loop Capital raised their target price on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI optics demand is driving renewed buying. Lumentum gained for a second consecutive session as investors continued to favor companies supplying optical components for expanding AI data-center networks. Rival optoelectronics stocks were comparatively weaker, highlighting Lumentum’s current position as a preferred AI connectivity play. Lumentum Climbs 4% as the AI Optics Trade Extends a Second Session
• Positive Sentiment: Order-flow data signaled strong demand. A reported “Power Inflow” alert indicated substantial institutional and retail buying pressure, reinforcing the bullish technical momentum behind LITE’s advance. Lumentum Shares Rise Over 4% After Key Trading Signal
• Neutral Sentiment: New product ramps support the growth outlook but raise execution demands. Lumentum’s 1.6T transceivers and 200G lasers are being ramped to address AI networking demand, while capacity expansion and tight supply could support revenue growth. Lumentum’s 1.6T & 200G Ramp Faces Cisco & NVIDIA Competition
• Negative Sentiment: Insider sales remain a modest overhang. Insider Yuen Wupen sold a combined 1,000 shares for approximately $853,195 across August 24 and August 26. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan and represented only about 0.54% of the insider’s holdings in each sale, reducing their significance as a bearish signal. SEC Insider Trading Filing
• Negative Sentiment: Competition could pressure future growth and margins. Cisco and NVIDIA are developing competing solutions as Lumentum expands its AI connectivity products, creating execution and pricing risks despite currently strong demand.

Lumentum Stock Up 6.0%

Shares of NASDAQ:LITE opened at $939.03 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $808.80 and a two-hundred day simple moving average of $801.60. Lumentum Holdings Inc. has a 12-month low of $123.78 and a 12-month high of $1,085.68. The stock has a market capitalization of $84.23 billion, a price-to-earnings ratio of -11.42 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, research analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

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.