Lumentum (NASDAQ:LITE) CFO Wajid Ali Sells 24,542 Shares of Company Stock

Lumentum Holdings Inc. (NASDAQ:LITE) CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the sale, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. This trade represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lumentum Stock Up 3.8%

Shares of LITE stock traded up $39.64 during trading on Friday, hitting $1,085.42. 4,663,388 shares of the company were exchanged, compared to its average volume of 5,528,017. The business’s 50-day simple moving average is $874.94 and its 200 day simple moving average is $854.11. Lumentum Holdings Inc. has a twelve month low of $147.81 and a twelve month high of $1,091.61. The firm has a market capitalization of $97.36 billion, a price-to-earnings ratio of -13.20 and a beta of 1.53. 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 released 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 negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter in the prior year, the business earned $0.88 EPS. The company’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. As a group, analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LITE. UBS Group set a $820.00 price target on Lumentum in a research note on Wednesday, August 12th. Weiss Ratings cut Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. increased their price objective on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Sanford C. Bernstein started coverage on shares of Lumentum in a research report on Wednesday. They set an “outperform” rating and a $1,220.00 price objective on the stock. Finally, Evercore began coverage on shares of Lumentum in a research note on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and an average price target of $1,073.25.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Sanford C. Bernstein initiated coverage with an “outperform” rating and a $1,220 price target, citing Lumentum’s exposure to high-growth optical networking and AI infrastructure. Bernstein initiates coverage
• Positive Sentiment: Investors are also focusing on reports of NVIDIA’s approximately $2 billion commitment to expand Lumentum’s capacity and support joint development of data-center optics. The arrangement could improve revenue visibility as AI clusters require faster optical connections. NVIDIA AI infrastructure article
• Positive Sentiment: Market coverage has identified Lumentum as a potential “structural winner” from the shift toward optical networking in AI data centers. The company’s photonics products may benefit from rising data traffic, inference workloads and demand for high-speed connectivity. AI structural winners article
• Positive Sentiment: A Zacks analysis describes Lumentum as a strong growth stock, supporting the broader momentum narrative. Its latest reported quarter also showed revenue up 109.3% year over year, with EPS exceeding analyst expectations and fiscal first-quarter 2027 guidance of $4.05 to $4.35. Zacks growth stock analysis
• Neutral Sentiment: Seeking Alpha characterized LITE as a speculative buy, forecasting substantial future EPS growth but warning that the current valuation requires sustained revenue growth, margin expansion and strong execution. Lumentum AI network analysis
• Negative Sentiment: CFO Wajid Ali sold 24,542 shares worth approximately $25.7 million, reducing his direct stake by 24.64%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal. Other insider sales by Yuen Wupen were considerably smaller relative to his remaining holdings. Lumentum CFO SEC filing

Institutional Trading of Lumentum

Several large investors have recently modified their holdings of LITE. Versant Capital Management Inc lifted its position in Lumentum by 60.4% during the 3rd quarter. Versant Capital Management Inc now owns 170 shares of the technology company’s stock worth $165,000 after acquiring an additional 64 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Lumentum in the third quarter valued at about $28,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Lumentum in the second quarter worth about $337,000. Andra AP fonden acquired a new position in shares of Lumentum during the 2nd quarter worth about $17,504,000. Finally, Silicon Valley Capital Partners boosted its stake in Lumentum by 800.0% during the 2nd quarter. Silicon Valley Capital Partners now owns 450 shares of the technology company’s stock valued at $386,000 after purchasing an additional 400 shares during the period. 94.05% of the stock is owned by institutional investors.

About Lumentum

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.