Jupiter Topco LLC Invests $1.62 Billion in Lumentum Holdings Inc. $LITE

Jupiter Topco LLC purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, Holdings Channel.com reports. The fund purchased 1,889,608 shares of the technology company’s stock, valued at approximately $1,621,396,000. Lumentum accounts for 0.7% of Jupiter Topco LLC’s portfolio, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of LITE. Hilltop National Bank increased its position in Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after buying an additional 15 shares during the last quarter. Sachetta LLC lifted its position in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Lumentum by 39.5% during the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock worth $91,000 after acquiring an additional 30 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum during the 1st quarter worth $25,000. Finally, Abel Hall LLC increased its holdings in Lumentum by 5.5% in the 1st quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after acquiring an additional 36 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum’s 1.6T optical transceiver and 200G laser product ramps are positioned to benefit from growing AI data-center connectivity demand. Capacity expansion and tight industry supply could support revenue growth, although execution remains important. Lumentum’s 1.6T and 200G Ramp Faces Cisco and NVIDIA Competition
• Positive Sentiment: The company’s recent earnings report showed revenue more than doubling year over year, while quarterly earnings exceeded estimates and management issued strong forward guidance. These results reinforce the investment case tied to AI-related demand. Lumentum Holdings as AI Demand and Fresh Guidance Put Valuation in Focus
• Positive Sentiment: Recent weakness in the shares may provide a more favorable entry point if Lumentum delivers on its growth outlook, although the stock’s substantial year-to-date gains make expectations high. Lumentum Stock Sinks: Why Better Times May Be Ahead
• Neutral Sentiment: A reported August short-interest figure of zero shares appears to be a data or reporting error, so it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Cisco Systems and NVIDIA are increasing competition in high-speed optical components, potentially pressuring Lumentum’s pricing, market share and margins as its new products ramp.
• Negative Sentiment: Lumentum’s rapid sales growth has been accompanied by a sizable net loss, and investors are scrutinizing whether its elevated valuation is justified by future execution. Coherent and Lumentum: Two AI Optics Suppliers Beat Earnings
• Negative Sentiment: CEO Michael Hurlston sold 6,185 shares valued at approximately $5.1 million, while a senior vice president sold roughly $1.6 million in stock. The transactions reduce insider ownership and may weigh modestly on sentiment, though they do not necessarily indicate deteriorating business conditions. Lumentum CEO Share Sale

Lumentum Stock Up 6.7%

LITE opened at $885.57 on Wednesday. The firm has a market capitalization of $79.44 billion, a P/E ratio of -10.77 and a beta of 1.50. Lumentum Holdings Inc. has a one year low of $123.50 and a one year high of $1,085.68. The company has a fifty day moving average price of $807.42 and a 200-day moving average price of $798.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (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 the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The firm’s revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

LITE has been the topic of several recent research reports. Weiss Ratings downgraded shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Mizuho lifted their target price on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. B. Riley Financial restated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Wolfe Research reaffirmed an “outperform” rating on shares of Lumentum in a report on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 3,183 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total value of $2,894,715.69. Following the sale, the insider owned 114,495 shares of the company’s stock, valued at $104,125,187.85. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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, SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the sale, the senior vice president owned 42,096 shares of the company’s stock, valued at approximately $34,847,910.72. This trade represents a 4.33% decrease in their position. 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 16,352 shares of company stock valued at $14,315,562 over the last 90 days. 0.43% of the stock is owned by insiders.

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.