Quantbot Technologies LP Buys New Position in Lumentum Holdings Inc. $LITE

Quantbot Technologies LP bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,166 shares of the technology company’s stock, valued at approximately $1,000,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its holdings in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after acquiring an additional 6,275 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after acquiring an additional 680 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Lumentum during the 2nd quarter valued at $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Lumentum during the 2nd quarter valued at $1,712,000. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 1,500 shares of Lumentum stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares in the company, valued at approximately $83,141,273.88. The trade was a 1.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 3,183 shares of Lumentum stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total value of $2,894,715.69. Following the completion of the transaction, the insider owned 114,495 shares of the company’s stock, valued at approximately $104,125,187.85. This trade represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 17,352 shares of company stock worth $15,168,757 over the last three months. Company insiders own 0.43% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI optics demand is driving renewed buying. Lumentum gained for a second consecutive session as investors continued to favor companies supplying optical components for expanding AI data-center networks. Rival optoelectronics stocks were comparatively weaker, highlighting Lumentum’s current position as a preferred AI connectivity play. Lumentum Climbs 4% as the AI Optics Trade Extends a Second Session
• Positive Sentiment: Order-flow data signaled strong demand. A reported “Power Inflow” alert indicated substantial institutional and retail buying pressure, reinforcing the bullish technical momentum behind LITE’s advance. Lumentum Shares Rise Over 4% After Key Trading Signal
• Neutral Sentiment: New product ramps support the growth outlook but raise execution demands. Lumentum’s 1.6T transceivers and 200G lasers are being ramped to address AI networking demand, while capacity expansion and tight supply could support revenue growth. Lumentum’s 1.6T & 200G Ramp Faces Cisco & NVIDIA Competition
• Negative Sentiment: Insider sales remain a modest overhang. Insider Yuen Wupen sold a combined 1,000 shares for approximately $853,195 across August 24 and August 26. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan and represented only about 0.54% of the insider’s holdings in each sale, reducing their significance as a bearish signal. SEC Insider Trading Filing
• Negative Sentiment: Competition could pressure future growth and margins. Cisco and NVIDIA are developing competing solutions as Lumentum expands its AI connectivity products, creating execution and pricing risks despite currently strong demand.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Morgan Stanley boosted their target price on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Citic Securities upped their price target on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. BNP Paribas Exane increased their price target on Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Finally, Mizuho raised their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Lumentum Price Performance

Lumentum stock opened at $939.03 on Thursday. Lumentum Holdings Inc. has a 52 week low of $123.78 and a 52 week high of $1,085.68. The company’s 50 day moving average price is $808.80 and its two-hundred day moving average price is $801.60. The stock has a market cap of $84.23 billion, a P/E ratio of -11.42 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) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

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.