Insider Selling: Lumentum (NASDAQ:LITE) Director Sells $1,484,613.96 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Pamela Fletcher sold 1,578 shares of Lumentum stock in a transaction on Friday, May 15th. The stock was sold at an average price of $940.82, for a total value of $1,484,613.96. Following the completion of the sale, the director directly owned 7,406 shares of the company’s stock, valued at approximately $6,967,712.92. The trade was a 17.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pamela Fletcher also recently made the following trade(s):

• On Thursday, May 14th, Pamela Fletcher sold 1,577 shares of Lumentum stock. The stock was sold at an average price of $1,003.38, for a total value of $1,582,330.26.

Lumentum Price Performance

Lumentum stock opened at $970.70 on Monday. The firm has a market cap of $75.52 billion, a price-to-earnings ratio of 179.76 and a beta of 1.53. The stock has a fifty day simple moving average of $809.96 and a two-hundred day simple moving average of $537.63. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LITE has been the topic of a number of research reports. BNP Paribas Exane raised their price target on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Susquehanna raised their price target on Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their price target on Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
• Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
• Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
• Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18

Hedge Funds Weigh In On Lumentum

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JAT Capital Mgmt LP purchased a new position in Lumentum during the first quarter valued at $2,108,000. Estuary Capital Management LP purchased a new position in Lumentum during the first quarter valued at $37,070,000. Maverick Capital Ltd. purchased a new position in Lumentum during the first quarter valued at $1,526,000. Quantinno Capital Management LP lifted its position in Lumentum by 19.9% during the first quarter. Quantinno Capital Management LP now owns 21,792 shares of the technology company’s stock valued at $15,315,000 after purchasing an additional 3,621 shares in the last quarter. Finally, Clough Capital Partners L P lifted its position in Lumentum by 3.0% during the first quarter. Clough Capital Partners L P now owns 2,580 shares of the technology company’s stock valued at $1,813,000 after purchasing an additional 76 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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.