Lumentum Holdings Inc. $LITE Shares Sold by State of Wyoming

State of Wyoming lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,602 shares of the technology company’s stock after selling 1,060 shares during the quarter. State of Wyoming’s holdings in Lumentum were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. TD Asset Management Inc acquired a new position in Lumentum in the 4th quarter worth approximately $8,183,000. CIBC Asset Management Inc increased its holdings in Lumentum by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 2,460 shares of the technology company’s stock worth $907,000 after buying an additional 303 shares during the period. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Lumentum during the 4th quarter worth approximately $12,929,000. New Mexico Educational Retirement Board grew its stake in shares of Lumentum by 3.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 14,500 shares of the technology company’s stock worth $5,345,000 after purchasing an additional 500 shares during the period. Finally, Reaves W H & Co. Inc. acquired a new stake in shares of Lumentum during the 4th quarter worth approximately $7,556,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Stories 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 the bullish analyst view on the stock. Article Title
• Positive Sentiment: Lumentum announced a $650.4 million private exchange of convertible notes, which may reduce financing overhang and improve balance-sheet flexibility. Article Title
• Positive Sentiment: Analyst sentiment remains favorable overall, with Lumentum holding an average rating of “Moderate Buy” and multiple firms maintaining positive price targets. Article Title
• Positive Sentiment: Investor enthusiasm continues around Lumentum’s role in AI optical interconnects, a narrative that has supported the stock’s longer-term move. Article Title
• Neutral Sentiment: Director Isaac Hosojiro Harris sold 1,416 shares in a pre-arranged 10b5-1 plan; while routine, insider selling can still make some investors cautious. Article Title
• Neutral Sentiment: Articles asking why LITE has been softer since its last earnings report mainly point to post-earnings digestion and valuation, rather than a new fundamental problem. Article Title

Lumentum Trading Down 8.6%

Shares of NASDAQ:LITE opened at $863.66 on Friday. Lumentum Holdings Inc. has a 1 year low of $80.39 and a 1 year high of $1,085.68. The firm has a market capitalization of $67.19 billion, a price-to-earnings ratio of 159.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The business’s 50 day moving average price is $880.29 and its 200-day moving average price is $607.80.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts forecast that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of analyst reports. Loop Capital raised their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. BNP Paribas Exane raised their price objective on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $1,014.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.95.

Insider Buying and Selling

In other Lumentum news, insider Vincent Retort sold 3,183 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,036,422.85. Following the transaction, the insider owned 89,563 shares in the company, valued at approximately $85,438,623.85. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Yuen Wupen sold 3,210 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,062,179.50. Following the completion of the transaction, the insider owned 81,488 shares in the company, valued at $77,735,477.60. The trade was a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 41,260 shares of company stock worth $38,859,220 in the last ninety days. Company insiders own 0.43% of the company’s stock.

Lumentum Profile

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.