Lumentum (NASDAQ:LITE) Director Isaac Hosojiro Harris Sells 1,416 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the transaction, the director owned 6,984 shares of the company’s stock, valued at $6,984,558.72. This represents a 16.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Isaac Hosojiro Harris also recently made the following trade(s):

• On Friday, May 29th, Isaac Hosojiro Harris sold 4,000 shares of Lumentum stock. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00.

Lumentum Stock Up 0.8%

Shares of Lumentum stock opened at $945.08 on Friday. Lumentum Holdings Inc. has a 52-week low of $80.39 and a 52-week high of $1,085.68. The company has a 50 day moving average of $878.56 and a 200 day moving average of $606.00. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $73.53 billion, a P/E ratio of 175.02 and a beta of 1.47.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, research analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LITE shares. Citic Securities raised their price objective on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Craig Hallum lifted their target price on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Mizuho set a $1,100.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, UBS Group lifted their target price on shares of Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.95.

Hedge Funds Weigh In On Lumentum

Institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its stake in Lumentum by 45.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after buying an additional 114,714 shares during the period. Andar Capital Management HK Ltd purchased a new stake in shares of Lumentum during the 4th quarter worth $4,325,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lumentum during the 4th quarter worth $6,755,000. Headwater Capital Co Ltd purchased a new stake in shares of Lumentum during the 3rd quarter worth $20,339,000. Finally, Maxi Investments CY Ltd purchased a new stake in shares of Lumentum during the 4th quarter worth $2,212,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its price target on Lumentum to $1,200 from $1,000 and kept an “outperform” rating, reinforcing bullish expectations for the stock.
• Positive Sentiment: Analyst coverage remains supportive, with the company receiving an average rating of “Moderate Buy,” which can help sustain investor confidence. Article Title
• Positive Sentiment: Lumentum announced a $650.4 million private share exchange transaction tied to its 0.50% convertible notes due 2028, a move that may be viewed as improving balance-sheet flexibility and reducing near-term financing overhang. Article Title
• Positive Sentiment: Investor attention remains centered on Lumentum’s AI optics exposure after news highlighting Nvidia’s shift toward optical interconnects and Lumentum’s role in that supply chain, which supports the company’s growth narrative. Article Title
• Neutral Sentiment: A director sold 1,416 shares under a pre-arranged 10b5-1 plan. While disclosed as routine, insider selling can still create some caution among investors. Article Title
• Neutral Sentiment: Several articles revisited why LITE has been soft since its last earnings report, but those pieces mainly point to valuation and post-earnings digestion rather than a fresh negative catalyst. Article Title

Lumentum Company 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.