Insider Selling: Lumentum (NASDAQ:LITE) CFO Sells $3,664,371.26 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) CFO Wajid Ali sold 5,302 shares of the business’s 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 completion of the sale, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Lumentum Stock Down 2.0%

NASDAQ:LITE opened at $680.80 on Thursday. The stock has a 50-day simple moving average of $474.47 and a 200 day simple moving average of $305.27. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $783.80. The company has a market cap of $48.61 billion, a PE ratio of 208.83 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business’s revenue was up 65.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LITE shares. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Rosenblatt Securities increased their price target on Lumentum to $580.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Mizuho boosted their price target on Lumentum to $645.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Stifel Nicolaus increased their price objective on Lumentum to $800.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup raised their target price on shares of Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $513.94.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: NVIDIA committed a large strategic investment and purchase commitments that secure demand and funding for Lumentum’s AI optics capacity — a clear demand de‑risking catalyst for LITE. Read More.
• Positive Sentiment: Several Wall Street analysts raised ratings/targets after the NVIDIA announcement (Needham boosted its 12‑month target to $850 and Barclays raised its target to $750), reinforcing institutional bullishness on Lumentum as an AI “picks‑and‑shovels” play. Read More.
• Neutral Sentiment: Sector flows into AI/optics names are amplifying moves in LITE — much of the recent volatility reflects thematic positioning across photonics peers rather than new company fundamentals. Read More.
• Negative Sentiment: Lumentum disclosed a $2B private placement of convertible preferred stock to NVIDIA; while strategic, the financing structure (convertible preferred terms and timing) has raised dilution/valuation concerns that likely prompted profit‑taking and the intraday pullback. Read More.
• Negative Sentiment: Insider selling: CFO Wajid Ali disclosed a sale of shares recently — such filings can spook momentum traders even if sales are routine diversification. Read More.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LITE. Arrowstreet Capital Limited Partnership boosted its position in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the period. Norges Bank acquired a new stake in shares of Lumentum during the 4th quarter worth about $474,495,000. Value Aligned Research Advisors LLC bought a new stake in shares of Lumentum during the 4th quarter worth about $432,062,000. Hood River Capital Management LLC grew its stake in Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares during the last quarter. Finally, Situational Awareness LP grew its stake 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. 94.05% of the stock is owned by institutional investors and hedge funds.

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.