Wellington Management Group LLP Cuts Stock Holdings in Lumentum Holdings Inc. $LITE

Wellington Management Group LLP lessened its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 28.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,234 shares of the technology company’s stock after selling 48,070 shares during the quarter. Wellington Management Group LLP’s holdings in Lumentum were worth $104,026,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jupiter Topco LLC purchased a new position in shares of Lumentum in the 2nd quarter worth $1,621,396,000. Arrowstreet Capital Limited Partnership grew its position in Lumentum by 18.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after acquiring an additional 291,591 shares during the period. Geode Capital Management LLC grew its position in Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after acquiring an additional 123,265 shares during the period. Situational Awareness LP increased its stake in Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after acquiring an additional 880,800 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Lumentum in the 4th quarter worth about $474,495,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Lumentum news, insider Yuen Wupen sold 500 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $895.00, for a total value of $447,500.00. Following the transaction, the insider owned 118,127 shares in the company, valued at $105,723,665. The trade was a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the transaction, the chief executive officer directly owned 186,951 shares of the company’s stock, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 64,147 shares of company stock worth $54,950,611. 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: New bullish analyst coverage: Evercore initiated coverage with an “Outperform” rating and a $1,100 price target, implying substantial upside from the referenced share price. This adds to a favorable analyst backdrop, including a broader Moderate Buy consensus. Lumentum Analyst Coverage
• Positive Sentiment: AI optical demand supports growth: Lumentum is benefiting from rising demand for high-speed optical interconnects used in AI data centers. Its focus on optical circuit switching, co-packaged optics and near-package optics could expand its addressable market, although Marvell and NVIDIA remain important competitors. Lumentum AI Optics Growth
• Positive Sentiment: Strategic investment and manufacturing expansion: A multibillion-dollar AI-related investment, including a sizeable NVIDIA stake, and plans for a U.S. fabrication facility targeting 800-gigabit and 1.6-terabit optical interconnects reinforce Lumentum’s role in AI infrastructure. Lumentum AI Investment and Fab
• Neutral Sentiment: Technical setup remains constructive but demanding: After a roughly 140% gain in 2025, Lumentum is consolidating for about 15 weeks below its record high. Investors are watching for a breakout above that level as a potential new buy point. Lumentum Technical Setup
• Negative Sentiment: Competition and elevated expectations are risks: The strong AI-driven rally has increased valuation and execution expectations, while NVIDIA and Marvell are expanding in adjacent optical and connectivity markets. Any slowdown in AI infrastructure spending or difficulty scaling new products could pressure the shares.

Lumentum Stock Down 5.0%

NASDAQ LITE opened at $868.95 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a fifty-two week low of $125.00 and a fifty-two week high of $1,085.68. The business has a 50 day moving average price of $813.06 and a two-hundred day moving average price of $811.25. The stock has a market cap of $77.94 billion, a PE ratio of -10.57 and a beta of 1.50.

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

Analyst Ratings Changes

Several research firms have recently weighed in on LITE. Stifel Nicolaus lifted their price objective on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Loop Capital lifted their price target on shares of Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Raymond James Financial reiterated an “outperform” rating and set a $1,036.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Finally, Barclays increased their price objective on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,053.83.

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.