Nicholas Investment Partners LP Acquires Shares of 1,029 Lumentum Holdings Inc. $LITE

Nicholas Investment Partners LP acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,029 shares of the technology company’s stock, valued at approximately $883,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hilltop National Bank grew its stake in Lumentum by 26.8% during the 2nd 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 stake in Lumentum by 118.8% in the first 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 lifted its stake in Lumentum by 39.5% in the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock valued at $91,000 after buying an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum in the first quarter valued at approximately $25,000. Finally, Abel Hall LLC boosted its holdings in shares of Lumentum by 5.5% in the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LITE shares. BNP Paribas Exane lifted their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. UBS Group set a $820.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Loop Capital lifted their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Insider Activity

In other Lumentum news, Director Isaac Hosojiro Harris sold 4,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the completion of the transaction, the director owned 8,400 shares in the company, valued at approximately $7,224,000. This represents a 32.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,904 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,576,169.28. Following the completion of the sale, the senior vice president owned 42,096 shares of the company’s stock, valued at $34,847,910.72. This trade represents a 4.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last 90 days, insiders have sold 16,352 shares of company stock valued at $14,315,562. Corporate insiders own 0.43% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analyst estimates increased. Northland Securities raised its Q1 EPS estimates for Lumentum, suggesting improving expectations for the company’s near-term profitability. Q1 EPS Estimates for Lumentum Raised by Northland Securities
• Positive Sentiment: AI demand and guidance remain potential catalysts. Lumentum’s latest results included sharply higher sales, revenue growth of 109.3% year over year, and Q1 fiscal 2027 EPS guidance of $4.05 to $4.35. These trends support the view that demand for optical components used in AI infrastructure could drive better results ahead. Lumentum stock sinks. Why better times may be ahead
• Neutral Sentiment: Strong operating performance is competing with valuation concerns. Lumentum exceeded quarterly EPS and revenue estimates, but investors are reassessing whether its substantial year-to-date gains already reflect much of the AI opportunity. The stock has pulled back 10.55% over the past week and 4.84% over the past three months. Lumentum Holdings (LITE) As AI Demand And Fresh Guidance Put Valuation In Focus
• Negative Sentiment: Reported losses and peer weakness pressured sentiment. Despite adjusted earnings and revenue beats, Lumentum swung to a sizeable net loss. Shares also declined alongside optical-communications peers Coherent and Applied Optoelectronics, with Applied Optoelectronics’ planned $600 million equity offering adding concern about dilution and broader sector conditions. Coherent and Lumentum AI optics suppliers earnings analysis
• Negative Sentiment: Insider selling may weigh on confidence. CEO Michael Hurlston sold 6,185 shares valued at approximately $5.1 million, reducing his direct holdings by about 5%; an SVP also sold roughly $1.6 million in stock. These transactions do not necessarily indicate deteriorating fundamentals but can add short-term selling pressure. Lumentum CEO stock sale

Lumentum Stock Down 4.2%

Lumentum stock opened at $830.17 on Tuesday. The stock has a 50 day moving average of $807.22 and a two-hundred day moving average of $795.58. Lumentum Holdings Inc. has a twelve month low of $119.25 and a twelve month high of $1,085.68. The stock has a market capitalization of $74.47 billion, a price-to-earnings ratio of -10.10 and a beta of 1.50. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last released 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. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts expect that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

Lumentum 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.