Key Points
- CFO Wajid Ali sold 5,302 shares on Feb. 27 at an average of $691.13 for about $3.66M, cutting his stake roughly 7.41% to 66,287 shares.
- Nvidia committed $2 billion to Lumentum (and Coherent) to support R&D and U.S. photonics capacity, a strategic partnership that has materially lifted Lumentum’s shares.
- Lumentum beat quarterly expectations, reporting $1.67 EPS vs. $1.41 expected and $665.5M revenue (up 65.5% YoY), provided Q3 2026 EPS guidance of 2.150–2.350, and has drawn analyst upgrades with a consensus “Moderate Buy.”
Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) CFO Wajid Ali sold 5,302 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer directly owned 66,287 shares of the company's stock, 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 hyperlink.
Lumentum Price Performance
LITE stock opened at $783.25 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The company's fifty day moving average price is $462.66 and its 200-day moving average price is $298.55. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $783.80. The company has a market capitalization of $55.92 billion, a PE ratio of 240.26 and a beta of 1.38.
Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analysts' expectations of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business's quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.
Institutional Trading of Lumentum
Several institutional investors and hedge funds have recently made changes to their positions in LITE. Truvestments Capital LLC grew its holdings in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock worth $28,000 after purchasing an additional 57 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Lumentum in the 4th quarter worth about $28,000. Triumph Capital Management purchased a new position in shares of Lumentum during the fourth quarter worth approximately $30,000. Harbour Investments Inc. raised its stake in shares of Lumentum by 675.0% during the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company's stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Chesapeake Asset Management LLC bought a new stake in shares of Lumentum during the fourth quarter valued at approximately $37,000. 94.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
LITE has been the subject of a number of recent research reports. Northland Securities set a $350.00 target price on shares of Lumentum in a report on Wednesday, December 3rd. UBS Group lifted their price objective on shares of Lumentum from $215.00 to $455.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 4th. Stifel Nicolaus increased their price target on shares of Lumentum to $800.00 and gave the company a "buy" rating in a report on Monday. Citigroup lifted their price target on Lumentum to $560.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Finally, B. Riley Financial upgraded Lumentum from a "neutral" rating to a "buy" rating and upped their price objective for the company from $147.00 to $526.00 in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lumentum has a consensus rating of "Moderate Buy" and a consensus price target of $478.00.
Read Our Latest Research Report on Lumentum
More Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Nvidia committed to invest $2 billion in Lumentum to support R&D and U.S. photonics capacity, a direct strategic partnership that secures demand and funding for Lumentum’s AI-related optics production. WSJ: Nvidia to Invest $2 Billion in Both Lumentum and Coherent
- Positive Sentiment: Coverage across outlets notes the Nvidia deals sent Lumentum shares sharply higher as Nvidia secures optical networking capacity for AI buildouts — a very visible customer commitment that de-risks large-capacity investments. Barron's: Coherent Stock, Lumentum Soar on Nvidia Deals
- Positive Sentiment: Analyst commentary and sector notes reinforce the upside: JPMorgan and other analysts view Lumentum as a top beneficiary of the multi‑year optics upcycle driven by hyperscaler AI spending; Citi also highlights the company as an attractive “picks-and-shovels” AI supplier. 247WallSt: Even Nvidia Sees Lumentum as Lighting the Way Forward
- Neutral Sentiment: Market commentary places Lumentum within a broader AI-infrastructure rally; sector flows into AI-related optics names are helping shares but represent a macro/theme-driven move rather than company-specific earnings in this instance. Zacks: AI Stocks Gain as Investments Continue to Surge
- Neutral Sentiment: News outlets also simply note that new deals with Nvidia have given Lumentum a near-term boost; this repeats the core development but provides little new detail on timing or contractual terms. Investopedia: Nvidia Investments Send Coherent and Lumentum Stocks Soaring
- Negative Sentiment: Insider selling: CFO Wajid Ali sold 5,302 shares on Feb. 27 for about $3.66M, reducing his stake ~7.4%. Insider sales can be viewed negatively by some investors even though they may reflect diversification or other non-fundamental reasons. SEC Form 4: Wajid Ali Sale
About Lumentum
(
Get Free Report)
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.
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