Sanctuary Advisors LLC Takes $15.09 Million Position in Lumentum Holdings Inc. $LITE

Sanctuary Advisors LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,582 shares of the technology company’s stock, valued at approximately $15,086,000.

A number of other hedge funds also recently bought and sold shares of LITE. Arrowstreet Capital Limited Partnership grew its position in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Norges Bank acquired a new position in Lumentum during the 4th quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC purchased a new stake in shares of Lumentum in the 4th quarter valued at approximately $432,062,000. Situational Awareness LP raised its holdings in shares of Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new position in Lumentum in the fourth quarter valued at $251,363,000. 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 Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Lumentum Price Performance

Lumentum stock opened at $866.71 on Monday. The stock’s 50 day moving average price is $809.76 and its 200 day moving average price is $792.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market cap of $77.74 billion, a PE ratio of -10.54 and a beta of 1.50. Lumentum Holdings Inc. has a 1-year low of $115.89 and a 1-year high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced 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 positive return on equity of 26.34% and a negative net margin of 230.15%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter last year, the business posted $0.88 earnings per share. The business’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. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 500 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $898.15, for a total transaction of $449,075.00. Following the sale, the insider directly owned 93,229 shares of the company’s stock, valued at $83,733,626.35. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Vincent Retort sold 2,483 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $2,055,477.06. Following the completion of the transaction, the insider directly owned 109,438 shares of the company’s stock, valued at approximately $90,594,965.16. This represents a 2.22% 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. In the last 90 days, insiders have sold 16,352 shares of company stock worth $14,315,562. 0.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LITE. UBS Group set a $820.00 price target on Lumentum in a report on Wednesday, August 12th. Stifel Nicolaus increased their price objective on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $1,040.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Finally, Morgan Stanley increased their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,044.67.

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.