Lumentum (NASDAQ:LITE) CFO Wajid Ali Sells 24,542 Shares of Stock

October 3, 2026 by InsiderTrades.com

Key Points

CFO Wajid Ali sold 24,542 Lumentum shares for approximately $25.7 million under a pre-arranged Rule 10b5-1 plan, reducing his direct stake by 24.64% to 75,074 shares.
Lumentum reported quarterly EPS of $3.23 versus the $2.97 consensus estimate, while revenue rose 109.3% year over year to $1.01 billion. The company issued fiscal Q1 2027 EPS guidance of $4.05–$4.35.
Analyst sentiment remains favorable, with the stock holding a “Moderate Buy” consensus and an average price target of $1,073.25. Optimism centers on Lumentum’s exposure to optical networking and AI data-center infrastructure, though valuation and execution remain risks.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) CFO Wajid Ali sold 24,542 shares of the company's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the completion of the transaction, the chief financial officer directly owned 75,074 shares of the company's stock, valued at $78,715,089. This represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lumentum Trading Up 3.8%

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Shares of LITE stock opened at $1,085.42 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The stock has a fifty day simple moving average of $881.39 and a two-hundred day simple moving average of $855.73. The firm has a market capitalization of $97.36 billion, a PE ratio of -13.20 and a beta of 1.53. Lumentum Holdings Inc. has a 52-week low of $147.81 and a 52-week high of $1,091.61.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.97 by $0.26. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business's revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

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Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Morgan Stanley lifted their price objective on shares of Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 12th. Evercore initiated coverage on shares of Lumentum in a report on Monday, August 31st. They issued an "outperform" rating and a $1,100.00 target price on the stock. Mizuho upped their target price on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Lumentum from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lumentum presently has an average rating of "Moderate Buy" and an average target price of $1,073.25.

Check Out Our Latest Stock Report on Lumentum

Key Stories Impacting Lumentum

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Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Sanford C. Bernstein initiated coverage with an “outperform” rating and a $1,220 price target, citing Lumentum’s exposure to high-growth optical networking and AI infrastructure. Bernstein initiates coverage
Positive Sentiment: Investors are also focusing on reports of NVIDIA’s approximately $2 billion commitment to expand Lumentum’s capacity and support joint development of data-center optics. The arrangement could improve revenue visibility as AI clusters require faster optical connections. NVIDIA AI infrastructure article
Positive Sentiment: Market coverage has identified Lumentum as a potential “structural winner” from the shift toward optical networking in AI data centers. The company’s photonics products may benefit from rising data traffic, inference workloads and demand for high-speed connectivity. AI structural winners article
Positive Sentiment: A Zacks analysis describes Lumentum as a strong growth stock, supporting the broader momentum narrative. Its latest reported quarter also showed revenue up 109.3% year over year, with EPS exceeding analyst expectations and fiscal first-quarter 2027 guidance of $4.05 to $4.35. Zacks growth stock analysis
Neutral Sentiment: Seeking Alpha characterized LITE as a speculative buy, forecasting substantial future EPS growth but warning that the current valuation requires sustained revenue growth, margin expansion and strong execution. Lumentum AI network analysis
Negative Sentiment: CFO Wajid Ali sold 24,542 shares worth approximately $25.7 million, reducing his direct stake by 24.64%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal. Other insider sales by Yuen Wupen were considerably smaller relative to his remaining holdings. Lumentum CFO SEC filing

Institutional Trading of Lumentum

A number of large investors have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC increased its stake in shares of Lumentum by 7.2% during the second quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company's stock valued at $179,000 after buying an additional 14 shares during the period. Hilltop National Bank lifted its stake in Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock worth $61,000 after acquiring an additional 15 shares during the period. Sachetta LLC lifted its stake in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after acquiring an additional 19 shares during the period. Toth Financial Advisory Corp increased its position in Lumentum by 127.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company's stock valued at $43,000 after purchasing an additional 28 shares during the period. Finally, Burkett Financial Services LLC bought a new position in Lumentum in the third quarter worth approximately $28,000. Institutional investors own 94.05% of the company's stock.

About Lumentum

(Get Free Report)

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company's product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.