Donoghue Forlines LLC Takes Position in Lumentum Holdings Inc. $LITE

Donoghue Forlines LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,261 shares of the technology company’s stock, valued at approximately $2,308,000.

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

Insider Activity

In other news, insider Vincent Retort sold 3,441 shares of Lumentum stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider owned 95,975 shares in the company, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 29,333 shares of company stock worth $24,049,017. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Down 2.8%

Shares of NASDAQ LITE opened at $1,001.81 on Friday. Lumentum Holdings Inc. has a 52 week low of $71.04 and a 52 week high of $1,085.68. The business has a 50-day simple moving average of $804.16 and a two-hundred day simple moving average of $532.16. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market cap of $77.94 billion, a P/E ratio of 185.52 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same quarter last year, the company earned $0.57 EPS. The firm’s revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LITE has been the subject of several research reports. Mizuho set a $1,100.00 price target on Lumentum in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Citic Securities increased their price target on Lumentum from $620.00 to $1,186.00 in a research note on Monday. Jefferies Financial Group reiterated a “buy” rating and set a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Finally, Craig Hallum increased their price target on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,012.43.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can trigger buying from index funds and boost visibility with large institutional investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Lumentum was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and reinforcing momentum-buying interest. What Makes Lumentum (LITE) a New Strong Buy Stock
• Positive Sentiment: Commentary highlighted that Lumentum’s Components business is accelerating, with AI optics demand surging and key products sold out, suggesting stronger revenue potential ahead. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Positive Sentiment: Northland Securities raised earnings estimates for Lumentum, adding to the view that the company’s profit outlook is improving. Lumentum stock report
• Neutral Sentiment: Recent coverage also notes that Lumentum’s strong rally has pushed the stock to fresh highs, which can attract momentum buyers but also raise valuation questions.
• Neutral Sentiment: Insider selling was reported this week, but the transactions were made under pre-arranged trading plans, so they appear less likely to signal a major change in fundamentals.

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.