Oakmont Investment Advisors Inc. Buys Shares of 1,004 Lumentum Holdings Inc. $LITE

Oakmont Investment Advisors Inc. purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,004 shares of the technology company’s stock, valued at approximately $861,000.

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

Insider Activity

In related news, insider Yuen Wupen sold 500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $860.00, for a total transaction of $430,000.00. Following the completion of the sale, the insider directly owned 116,127 shares of the company’s stock, valued at approximately $99,869,220. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 38,663 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total value of $32,963,687.17. Following the sale, the insider directly owned 78,440 shares of the company’s stock, valued at approximately $66,877,159.60. This represents a 33.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 65,147 shares of company stock worth $55,812,856. 0.43% of the stock is owned by insiders.

Lumentum Stock Performance

Shares of LITE stock opened at $881.26 on Friday. 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 firm has a fifty day simple moving average of $814.62 and a two-hundred day simple moving average of $815.74. Lumentum Holdings Inc. has a 12 month low of $144.20 and a 12 month high of $1,085.68. The firm has a market capitalization of $79.05 billion, a PE ratio of -10.72 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released 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. The firm 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%. The business’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-photonics rally: Lumentum gained alongside Coherent and other optical-networking stocks as investors focused on rising demand for lasers and optical components used to connect high-performance AI chips. Optical-photonics stocks article
• Positive Sentiment: Favorable analyst coverage: Deutsche Bank initiated coverage with a Buy rating, while Evercore also began research coverage. New institutional coverage can improve visibility and support investor interest in LITE. Deutsche Bank coverage article Evercore coverage article
• Positive Sentiment: AI infrastructure fundamentals remain strong: Recent results showed approximately $1.01 billion in quarterly revenue, adjusted EPS of $3.23, and guidance for $1.225 billion–$1.275 billion in revenue. Nvidia’s investment and purchase commitment for Lumentum’s laser components further reinforce the AI-demand thesis.
• Neutral Sentiment: Portfolio concentration warning: One analysis said LITE’s roughly 680% advance can make it an outsized portfolio position. The article remained positive on the business but advised investors to reassess position sizing after the substantial rally. Lumentum portfolio concentration article
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis argued that Lumentum has become too expensive following its dramatic run, creating a potential headwind if growth or AI infrastructure spending fails to exceed already-high expectations. Lumentum valuation article
• Negative Sentiment: Insider selling: Yuen Wupen sold two separate blocks of 500 shares for a combined $862,245. Both trades were conducted under a pre-arranged Rule 10b5-1 plan and represented only 0.43% of the insider’s holdings, making the signal relatively limited.

Wall Street Analyst Weigh In

LITE has been the topic of several research analyst reports. Mizuho upped their target price on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Morgan Stanley increased their price target on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,036.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given 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 has an average rating of “Moderate Buy” and a consensus price target of $1,053.83.

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.