Gemmer Asset Management LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Gemmer Asset Management LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,768 shares of the technology company’s stock, valued at approximately $1,517,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC acquired a new position in shares of Lumentum during the 1st quarter worth approximately $25,000. Sachetta LLC boosted its holdings in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. Truvestments Capital LLC grew its holdings in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of Lumentum in the fourth quarter valued at about $30,000. Finally, Danske Bank A S acquired a new stake in shares of Lumentum during the 3rd quarter worth approximately $33,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 38,663 shares of the firm’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 transaction of $32,963,687.17. Following the transaction, the insider directly owned 78,440 shares in the company, valued at approximately $66,877,159.60. This trade represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 500 shares of Lumentum stock in a transaction on Friday, September 4th. The shares were sold at an average price of $860.00, for a total transaction of $430,000.00. Following the completion of the transaction, the insider directly owned 116,127 shares in the company, valued at $99,869,220. The trade was a 0.43% 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. Insiders sold a total of 65,147 shares of company stock valued at $55,812,856 over the last ninety days. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen increased their price objective on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Northland Securities boosted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings cut Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,053.83.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-driven demand for high-speed optical networking is accelerating growth in Lumentum’s pump lasers, EMLs and continuous-wave lasers. The company is expanding capacity to address data-center demand, strengthening its competitive position relative to Broadcom and Applied Optoelectronics. LITE’s Laser Growth Accelerates: Can It Challenge AVGO & AAOI?
• Positive Sentiment: Recent financial performance supports the bullish narrative: fiscal 2026 revenue reached $3.01 billion, up 83.2% year over year, while fourth-quarter revenue more than doubled to approximately $1.006 billion. The latest quarter also exceeded consensus estimates for both revenue and earnings, and management issued fiscal Q1 2027 EPS guidance of $4.05 to $4.35. Lumentum’s $7.2 Billion Loss Was Not A Loss
• Positive Sentiment: Analyst coverage continues to identify Lumentum as a potential beneficiary of the AI data-center buildout. LITE was included among photonics stocks offering short-term upside as demand for optical connectivity expands. Buy 3 AI-Powered Photonics Stocks to Tap Solid Short-Term Price Upside
• Neutral Sentiment: At Citi’s Global TMT Conference, Lumentum discussed its growth opportunity and strategic position in AI-oriented optical networking, reinforcing the sector’s positive narrative but providing limited new quantitative information in the available report. Lumentum Presents at Citi’s 2026 Global TMT Conference
• Neutral Sentiment: Commentary comparing Lumentum with Coherent and other optical-networking companies highlights strong industry demand, while also emphasizing that the shares have already experienced a substantial rally and depend on continued data-center spending. 3 AI Optical Networking Stocks Positioned for the Data Center Buildout
• Negative Sentiment: Valuation and execution are key risks. With the stock trading at an elevated earnings multiple after its sharp advance, any slowdown in AI infrastructure spending, capacity expansion problems or weaker margins could trigger volatility. The reported headline loss also underscores the impact of accounting charges, even though commentary characterized it as largely non-economic. Lumentum: Speed Is Everything

Lumentum Stock Up 1.1%

Lumentum stock opened at $988.98 on Thursday. Lumentum Holdings Inc. has a fifty-two week low of $144.52 and a fifty-two 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. The company has a market capitalization of $88.71 billion, a P/E ratio of -12.03 and a beta of 1.53. The stock has a 50-day simple moving average of $821.38 and a 200-day simple moving average of $824.69.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business’s revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

About Lumentum

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.