Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) CEO Michael Hurlston sold 548 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Lumentum Stock Performance
LITE stock opened at $895.00 on Friday. The firm has a 50 day moving average of $811.83 and a two-hundred day moving average of $805.08. Lumentum Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $1,085.68. The company has a market capitalization of $80.28 billion, a price-to-earnings ratio of -10.89 and a beta of 1.50. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.
Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter last year, the firm earned $0.88 EPS. Lumentum'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 anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.
Lumentum News Roundup
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.
Wall Street Analysts Forecast Growth
LITE has been the subject of a number of analyst reports. Citic Securities boosted their price target on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Citigroup reissued a "buy" rating on shares of Lumentum in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their target price on Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Weiss Ratings cut Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Wednesday, August 19th. Finally, Mizuho increased their price target on Lumentum from $1,100.00 to $1,140.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,044.67.
Read Our Latest Stock Analysis on Lumentum
Institutional Investors Weigh In On Lumentum
Several hedge funds have recently modified their holdings of the business. Corient Private Wealth LP increased its position in Lumentum by 108.4% during the second quarter. Corient Private Wealth LP now owns 10,318 shares of the technology company's stock worth $8,853,000 after acquiring an additional 5,368 shares during the period. Amundi raised its stake in Lumentum by 188.7% during the 2nd quarter. Amundi now owns 658,427 shares of the technology company's stock valued at $564,970,000 after purchasing an additional 430,355 shares during the last quarter. Groupe la Francaise bought a new stake in Lumentum in the 2nd quarter valued at $7,260,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Lumentum in the 2nd quarter valued at $17,848,000. Finally, CYBER HORNET ETFs LLC grew its position in Lumentum by 7.2% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company's stock worth $179,000 after purchasing an additional 14 shares during the last quarter. 94.05% of the stock is owned by 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
