NewEdge Advisors LLC Sells 25,955 Shares of Lumentum Holdings Inc. $LITE

NewEdge Advisors LLC cut its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 73.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,205 shares of the technology company’s stock after selling 25,955 shares during the period. NewEdge Advisors LLC’s holdings in Lumentum were worth $7,899,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position in Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after purchasing an additional 114,714 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new position in Lumentum in the 1st quarter valued at about $2,046,000. Styrax Capital LP increased its holdings in Lumentum by 3.6% in the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after buying an additional 4,837 shares during the period. Whittier Trust Co. raised its position in shares of Lumentum by 21,806.5% in the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after buying an additional 73,706 shares in the last quarter. Finally, Andar Capital Management HK Ltd acquired a new position in shares of Lumentum in the 4th quarter valued at approximately $4,325,000. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Yuen Wupen sold 1,500 shares of Lumentum stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $1,241,730.00. Following the transaction, the insider directly owned 100,434 shares of the company’s stock, valued at $83,141,273.88. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Vincent Retort sold 38,663 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total value of $32,963,687.17. Following the completion of the sale, the insider owned 78,440 shares in the company, valued at $66,877,159.60. The trade was a 33.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 66,147 shares of company stock valued at $56,741,571 over the last 90 days. 0.43% of the stock is owned by corporate insiders.

Lumentum Trading Down 0.9%

Shares of NASDAQ LITE opened at $927.03 on Friday. The firm has a 50 day moving average price of $829.50 and a two-hundred day moving average price of $827.28. The stock has a market cap of $83.15 billion, a P/E ratio of -11.28 and a beta of 1.53. Lumentum Holdings Inc. has a 52-week low of $144.52 and a 52-week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS 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 analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. Lumentum’s revenue was up 109.3% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI data-center demand remains the main catalyst. Lumentum is benefiting from the shift from copper to fiber optics, record 800G transceiver shipments and tight supply of EML lasers. Analysts see significant growth potential as customers increase spending on high-speed optical infrastructure, particularly from 2027 onward. Lumentum: Why 2027 Will Be a Game Changer
• Positive Sentiment: Recent financial results and guidance were strong. Lumentum’s latest quarterly revenue reached approximately $1.01 billion, while adjusted EPS of $3.23 exceeded the $2.97 consensus estimate. Revenue more than doubled year over year, and first-quarter fiscal 2027 EPS guidance of $4.05 to $4.35 supports expectations for continued earnings momentum.
• Positive Sentiment: Analyst and institutional interest remains supportive. LITE has been highlighted as an AI infrastructure “buy zone” stock, and the analyst consensus remains “Moderate Buy,” with an average price target above the latest reported trading level. Institutional investors and hedge funds own approximately 94% of the shares. Top Funds Bet Billions As This AI Stock Lights Up a Buy Zone
• Neutral Sentiment: Competitive risks are increasing. Applied Optoelectronics is expanding 800G and 1.6T optical capacity as AI networking demand rises, highlighting the intensifying competition Lumentum faces in a rapidly growing market. AAOI’s Optical Networking Demand Rise
• Negative Sentiment: Repeated insider selling may be weighing on sentiment. Insider Yuen Wupen sold 500 shares for approximately $481,000 on September 10 and another 500 shares for about $448,000 on September 8. The trades were made under a pre-arranged Rule 10b5-1 plan and represent only 0.43% of the insider’s holdings per transaction, limiting their significance but still signaling profit-taking at elevated prices. Lumentum Insider Sale

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LITE. Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Northland Securities boosted their price objective on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Morgan Stanley upped their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft initiated coverage on Lumentum in a report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price on the stock. Finally, Bank of America decreased their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,053.83.

Lumentum Profile

Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.