Engineers Gate Manager LP Sells 4,793 Shares of Lumentum Holdings Inc. $LITE

Engineers Gate Manager LP cut its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 58.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,350 shares of the technology company’s stock after selling 4,793 shares during the quarter. Engineers Gate Manager LP’s holdings in Lumentum were worth $2,875,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LITE. California State Teachers Retirement System increased its position in shares of Lumentum by 112,343.2% during the 2nd quarter. California State Teachers Retirement System now owns 92,237,160 shares of the technology company’s stock worth $79,145,018,000 after purchasing an additional 92,155,130 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of Lumentum in the 2nd quarter valued at approximately $1,621,396,000. Arrowstreet Capital Limited Partnership grew 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 buying an additional 291,591 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after buying an additional 123,265 shares in the last quarter. Finally, Situational Awareness LP increased its holdings in Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after buying an additional 880,800 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Price Performance

Shares of LITE opened at $927.03 on Monday. Lumentum Holdings Inc. has a 52 week low of $144.52 and a 52 week high of $1,085.68. The firm has a market cap of $83.15 billion, a P/E ratio of -11.28 and a beta of 1.53. The firm’s 50-day simple moving average is $829.50 and its 200 day simple moving average is $828.36. 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 issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same period last year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts forecast that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Mizuho upped their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. TD Cowen lifted their price objective on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Raymond James Financial restated an “outperform” rating and set a $1,036.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Evercore began coverage on shares of Lumentum in a report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. 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 company. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,053.83.

Insider Transactions at Lumentum

In other Lumentum news, insider Vincent Retort sold 38,663 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total value of $32,963,687.17. Following the transaction, the insider directly owned 78,440 shares of the company’s stock, valued at $66,877,159.60. This represents a 33.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the transaction, the senior vice president directly owned 37,804 shares in the company, valued at approximately $32,230,934.32. This represents a 24.09% 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. Insiders have sold a total of 66,147 shares of company stock worth $56,741,571 in the last ninety days. 0.43% of the stock is currently owned by company insiders.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI data-center demand remains the main catalyst. Lumentum is benefiting from the shift from copper to fiber optics, record 800G transceiver shipments and tight supply of EML lasers. Analysts see significant growth potential as customers increase spending on high-speed optical infrastructure, particularly from 2027 onward. Lumentum: Why 2027 Will Be a Game Changer
• Positive Sentiment: Recent financial results and guidance were strong. Lumentum’s latest quarterly revenue reached approximately $1.01 billion, while adjusted EPS of $3.23 exceeded the $2.97 consensus estimate. Revenue more than doubled year over year, and first-quarter fiscal 2027 EPS guidance of $4.05 to $4.35 supports expectations for continued earnings momentum.
• Positive Sentiment: Analyst and institutional interest remains supportive. LITE has been highlighted as an AI infrastructure “buy zone” stock, and the analyst consensus remains “Moderate Buy,” with an average price target above the latest reported trading level. Institutional investors and hedge funds own approximately 94% of the shares. Top Funds Bet Billions As This AI Stock Lights Up a Buy Zone
• Neutral Sentiment: Competitive risks are increasing. Applied Optoelectronics is expanding 800G and 1.6T optical capacity as AI networking demand rises, highlighting the intensifying competition Lumentum faces in a rapidly growing market. AAOI’s Optical Networking Demand Rise
• Negative Sentiment: Repeated insider selling may be weighing on sentiment. Insider Yuen Wupen sold 500 shares for approximately $481,000 on September 10 and another 500 shares for about $448,000 on September 8. The trades were made under a pre-arranged Rule 10b5-1 plan and represent only 0.43% of the insider’s holdings per transaction, limiting their significance but still signaling profit-taking at elevated prices. Lumentum Insider Sale

Lumentum Company Profile

Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.