Wealthfront Advisers LLC Takes $9.79 Million Position in Lumentum Holdings Inc. $LITE

Wealthfront Advisers LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 11,411 shares of the technology company’s stock, valued at approximately $9,791,000.

A number of other hedge funds have also bought and sold shares of LITE. Nomura Asset Management Co. Ltd. raised its position in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after buying an additional 114,714 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Lumentum during the first quarter worth approximately $2,046,000. Styrax Capital LP increased its stake in Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after acquiring an additional 4,837 shares during the period. Whittier Trust Co. increased its stake in Lumentum by 21,806.5% during the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after acquiring an additional 73,706 shares during the period. Finally, Andar Capital Management HK Ltd acquired a new position in Lumentum in the 4th quarter valued at $4,325,000. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Down 5.2%

Shares of LITE opened at $827.60 on Thursday. The stock has a fifty day moving average of $811.06 and a 200-day moving average of $786.24. Lumentum Holdings Inc. has a 52 week low of $111.20 and a 52 week high of $1,085.68. The stock has a market capitalization of $74.24 billion, a price-to-earnings ratio of -10.07 and a beta of 1.50. 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 posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The firm’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 16.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LITE has been the subject of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. BNP Paribas Exane upped their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Citic Securities lifted their price target on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, Weiss Ratings cut Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,044.67.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 3,183 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total value of $2,894,715.69. Following the transaction, the insider owned 114,495 shares in the company, valued at $104,125,187.85. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, SVP Jae Kim sold 1,366 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $1,242,281.38. Following the transaction, the senior vice president directly owned 45,973 shares of the company’s stock, valued at $41,809,225.39. This represents a 2.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders have sold 9,965 shares of company stock worth $8,993,110. Corporate insiders own 0.43% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
• Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
• Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
• Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider 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.