Key Points
- Lumentum director Isaac Hosojiro Harris sold 1,416 shares on June 2 at an average price of $1,000.08, totaling about $1.42 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and Harris’s ownership fell by 16.86%.
- The company recently reported stronger-than-expected quarterly earnings, posting $2.37 EPS versus the $2.27 consensus estimate. Revenue rose 90.1% year over year to $808.4 million, and Lumentum guided Q4 2026 EPS to $2.85-$3.05.
- Analyst sentiment remains upbeat, with multiple firms raising price targets and the stock holding an average rating of “Moderate Buy.” Northland Securities lifted its target to $1,200, while the average target price now stands at $1,021.95.
Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) Director Isaac Hosojiro Harris sold 1,416 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the sale, the director owned 6,984 shares in the company, valued at $6,984,558.72. The trade was a 16.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Isaac Hosojiro Harris also recently made the following trade(s):
- On Friday, May 29th, Isaac Hosojiro Harris sold 4,000 shares of Lumentum stock. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00.
Lumentum Price Performance
Shares of NASDAQ LITE opened at $945.08 on Friday. The firm has a market capitalization of $73.53 billion, a P/E ratio of 175.02 and a beta of 1.47. Lumentum Holdings Inc. has a one year low of $80.39 and a one year high of $1,085.68. The company's fifty day moving average is $878.56 and its two-hundred day moving average is $606.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14.
Lumentum (NASDAQ:LITE - Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business's revenue was up 90.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Lumentum from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 13th. Citigroup boosted their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Morgan Stanley boosted their price objective on shares of Lumentum from $710.00 to $900.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Finally, B. Riley Financial reiterated a "buy" rating on shares of Lumentum in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,021.95.
Get Our Latest Report on Lumentum
Key Headlines Impacting Lumentum
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Northland Securities raised its price target on Lumentum to $1,200 from $1,000 and kept an “outperform” rating, reinforcing bullish expectations for the stock. Article Title
- Positive Sentiment: Analyst coverage remains supportive, with the company receiving an average rating of “Moderate Buy,” which can help sustain investor confidence. Article Title
- Positive Sentiment: Lumentum announced a $650.4 million private share exchange transaction tied to its 0.50% convertible notes due 2028, a move that may be viewed as improving balance-sheet flexibility and reducing near-term financing overhang. Article Title
- Positive Sentiment: Investor attention remains centered on Lumentum’s AI optics exposure after news highlighting Nvidia’s shift toward optical interconnects and Lumentum’s role in that supply chain, which supports the company’s growth narrative. Article Title
- Neutral Sentiment: A director sold 1,416 shares under a pre-arranged 10b5-1 plan. While disclosed as routine, insider selling can still create some caution among investors. Article Title
- Neutral Sentiment: Several articles revisited why LITE has been soft since its last earnings report, but those pieces mainly point to valuation and post-earnings digestion rather than a fresh negative catalyst. Article Title
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Lumentum by 71.8% in the 1st quarter. Parallel Advisors LLC now owns 560 shares of the technology company's stock valued at $394,000 after purchasing an additional 234 shares in the last quarter. Caerus Investment Advisors LLC purchased a new position in Lumentum in the 1st quarter valued at about $346,000. Concorde Asset Management LLC purchased a new position in Lumentum in the 1st quarter valued at about $212,000. Glenmede Trust Co. NA lifted its holdings in Lumentum by 39.2% in the 1st quarter. Glenmede Trust Co. NA now owns 1,515 shares of the technology company's stock valued at $1,065,000 after purchasing an additional 427 shares in the last quarter. Finally, Essential Partners LLC lifted its holdings in Lumentum by 590.3% in the 1st quarter. Essential Partners LLC now owns 214 shares of the technology company's stock valued at $150,000 after purchasing an additional 183 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.
Lumentum Company Profile
(
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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