GK Wealth Management LLC Buys Shares of 648 Lumentum Holdings Inc. $LITE

GK Wealth Management LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 648 shares of the technology company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hilltop National Bank increased its stake in Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock valued at $61,000 after acquiring an additional 15 shares during the last quarter. Sachetta LLC raised its position in Lumentum by 118.8% during the first 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. Versant Capital Management Inc lifted its stake in Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock worth $91,000 after purchasing an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Lumentum during the first quarter worth $25,000. Finally, Abel Hall LLC boosted its holdings in shares of Lumentum by 5.5% in the 1st quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, Director Brian Lillie sold 11,951 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the sale, the director directly owned 13,959 shares in the company, valued at approximately $13,702,712.76. The trade was a 46.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the transaction, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This represents a 19.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by corporate insiders.

Lumentum Stock Up 8.9%

Shares of NASDAQ:LITE opened at $849.47 on Wednesday. Lumentum Holdings Inc. has a 52-week low of $106.16 and a 52-week high of $1,085.68. The company has a market capitalization of $66.09 billion, a PE ratio of 157.31 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The company has a fifty day moving average of $816.50 and a 200-day moving average of $745.94.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LITE. Craig Hallum lifted their price target on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Morgan Stanley upped their price objective on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Northland Securities raised their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a research report on Friday, May 1st. Finally, Rosenblatt Securities boosted their target price on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,012.67.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Reports that the U.S. may restrict imports of Chinese data-center components lifted optical-networking stocks, including Lumentum. Investors appear to expect the company and other domestic suppliers to benefit from reduced Chinese competition and increased demand. Marvell, Corning, and Lumentum Stocks Surge on Report of China Import Ban
• Positive Sentiment: A separate market report also linked Lumentum’s gains to the reported U.S. ban, which helped drive a broader rally among optical-component makers. The impact remains dependent on whether the proposed restrictions are formally implemented. Applied Optoelectronics Rockets, Coherent Climbs, Lumentum Gains on Reported U.S. Ban
• Positive Sentiment: Mizuho issued highly bullish commentary on Lumentum, supporting a sharp rebound from its late-July low. The stock’s association with Nvidia and exposure to AI-related data-center infrastructure are reinforcing investor enthusiasm. Here’s Why Nvidia-Backed Lumentum Stock Is Jumping Today
• Positive Sentiment: Analysts and earnings-preview reports expect year-over-year earnings growth and identify conditions that could support a quarterly earnings beat, including favorable estimates and recent operating momentum. Lumentum previously exceeded consensus EPS expectations while revenue grew strongly year over year. Lumentum Earnings Expected to Grow
• Positive Sentiment: Investors remain focused on the AI infrastructure opportunity: one analysis forecasts revenue growth above 90% in early fiscal 2027, improving profitability and approximately $500 million in fiscal 2027 free cash flow. Lumentum: The AI Trade Isn’t Dead

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.