Kimelman & Baird LLC Acquires Shares of 2,254 Lumentum Holdings Inc. $LITE

Kimelman & Baird LLC acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,254 shares of the technology company’s stock, valued at approximately $1,934,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Lumentum during the second quarter worth $429,000. Rakuten Investment Management Inc. purchased a new position in Lumentum in the second quarter valued at $15,646,000. Denver PWM LLC purchased a new stake in shares of Lumentum in the 2nd quarter valued at about $1,289,000. Concorde Asset Management LLC acquired a new stake in shares of Lumentum in the 2nd quarter worth $233,000. Finally, Empowered Funds LLC purchased a new stake in Lumentum during the second quarter worth $3,775,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In other Lumentum news, insider Vincent Retort sold 38,663 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the completion of the sale, the insider directly owned 78,440 shares in the company, valued at approximately $66,877,159.60. The trade was a 33.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total value of $525,345.68. Following the transaction, the chief executive officer owned 186,951 shares in the company, valued at $179,222,445.66. This trade represents a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,563 shares of company stock valued at $55,448,750 in the last three months. 0.43% of the stock is currently owned by insiders.

Lumentum Price Performance

Shares of Lumentum stock opened at $895.00 on Friday. Lumentum Holdings Inc. has a 12-month low of $125.00 and a 12-month high of $1,085.68. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $811.83 and its two-hundred day simple moving average is $805.08. The firm has a market cap of $80.28 billion, a PE ratio of -10.89 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $987.70 million. During the same period last year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities analysts expect that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Analyst Upgrades and Downgrades

LITE has been the subject of several recent research reports. Raymond James Financial reissued an “outperform” rating and issued a $1,036.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,040.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Craig Hallum raised their price target on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, Bank of America cut their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,044.67.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

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.