Ieq Capital LLC Takes $19.29 Million Position in Lumentum Holdings Inc. $LITE

Ieq Capital LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, HoldingsChannel reports. The institutional investor bought 22,484 shares of the technology company’s stock, valued at approximately $19,293,000.

Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares during the period. Norges Bank purchased a new position in Lumentum in the 4th quarter valued at about $474,495,000. Value Aligned Research Advisors LLC purchased a new position in Lumentum in the 4th quarter valued at about $432,062,000. Situational Awareness LP boosted its position in Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after buying an additional 880,800 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new stake in shares of Lumentum during the fourth quarter valued at about $251,363,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Stock Performance

Shares of LITE stock opened at $866.71 on Friday. 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 Holdings Inc. has a one year low of $115.89 and a one year high of $1,085.68. The company’s 50-day simple moving average is $809.76 and its 200-day simple moving average is $790.21. The stock has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the company earned $0.88 earnings per share. Lumentum’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. Equities analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Insider Transactions at Lumentum

In other Lumentum news, SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction on 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 completion of the transaction, the senior vice president owned 42,096 shares of the company’s stock, valued at $34,847,910.72. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 business’s stock in a transaction on 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 owned 100,434 shares of the company’s stock, valued at approximately $83,141,273.88. The trade was a 1.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 16,352 shares of company stock worth $14,315,562 in the last quarter. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LITE. Loop Capital lifted their target price on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Bank of America reduced their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. BNP Paribas Exane raised their price objective on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Morgan Stanley upped their target price on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,044.67.

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.