Lumentum (NASDAQ:LITE) SVP Jae Kim Sells 1,422 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 1,422 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $1,356,516.90. Following the completion of the transaction, the senior vice president directly owned 32,333 shares in the company, valued at $30,844,065.35. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

Jae Kim also recently made the following trade(s):

• On Monday, May 11th, Jae Kim sold 1,933 shares of Lumentum stock. The shares were sold at an average price of $950.99, for a total transaction of $1,838,263.67.

Lumentum Trading Up 0.6%

NASDAQ LITE opened at $890.09 on Wednesday. The stock has a market capitalization of $69.25 billion, a P/E ratio of 164.83 and a beta of 1.53. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The firm’s 50-day moving average is $821.27 and its two-hundred day moving average is $547.23.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on LITE. Stifel Nicolaus increased their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. TD Cowen increased their price target on shares of Lumentum from $875.00 to $995.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $1,014.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Citic Securities increased their price target on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,012.43.

Institutional Trading of Lumentum

Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in Lumentum by 163.2% in the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after acquiring an additional 351,676 shares in the last quarter. Oddo BHF Asset Management Sas raised its holdings in Lumentum by 15,180.0% in the first quarter. Oddo BHF Asset Management Sas now owns 9,168 shares of the technology company’s stock valued at $6,443,000 after acquiring an additional 9,108 shares in the last quarter. Bull Harbor Capital LLC acquired a new stake in Lumentum in the first quarter valued at approximately $588,000. Sunbelt Securities Inc. acquired a new stake in Lumentum in the first quarter valued at approximately $79,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Lumentum by 270.5% in the first quarter. EverSource Wealth Advisors LLC now owns 415 shares of the technology company’s stock valued at $292,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can drive buying from index funds and ETFs and improve the stock’s visibility with institutional investors. Lumentum (LITE) Joins Nasdaq-100 Index
• Positive Sentiment: Broker-rating upgrades cited Lumentum as a stock worth watching, reinforcing the bullish view that demand tied to AI infrastructure remains a long-term tailwind. 3 Stocks Backed By Broker Rating Upgrades Worth Betting On
• Neutral Sentiment: Lumentum presented at JPMorgan’s Global Technology, Media and Communications Conference, but no major new financial guidance or surprises were highlighted in the article. Lumentum Holdings Inc. (LITE) Presents at J.P. Morgan Conference Transcript
• Neutral Sentiment: NVIDIA’s latest portfolio filing was discussed in relation to Lumentum, but the piece did not indicate a direct material change in Lumentum’s fundamentals. A Deep Dive Into NVIDIA’s Latest Portfolio Moves (LITE)
• Negative Sentiment: Shares of Lumentum and other AI optics names fell as investors took profits across the sector after a strong run. Applied Optoelectronics Slumps 10%, Lumentum Dives 9%, Coherent Drops 6% as AI Optics Profit-Takers Strike
• Negative Sentiment: A prominent AI investor reportedly exited stakes in Lumentum, adding to pressure on sentiment around the stock. Lumentum, Coherent Drop After Prominent AI Investor Sells Stakes
• Negative Sentiment: Three insiders, including the CFO, SVP, and another executive, sold shares under pre-arranged 10b5-1 plans to cover tax withholding tied to equity vesting, which can weigh on short-term sentiment even if the sales were routine. SEC filing for Wajid Ali sale

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.