593 Shares in Lumentum Holdings Inc. $LITE Bought by Intrust Bank NA

Intrust Bank NA bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 593 shares of the technology company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LITE. Advisors Asset Management Inc. boosted its stake in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares during the period. NewEdge Advisors LLC lifted its position in Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after buying an additional 6,275 shares in the last quarter. Empowered Funds LLC lifted its position in Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Lumentum during the 2nd quarter worth about $298,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Lumentum during the 2nd quarter worth about $1,712,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Brian Lillie sold 11,951 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total value of $11,731,579.64. Following the transaction, the director owned 13,959 shares in the company, valued at approximately $13,702,712.76. This represents a 46.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider owned 89,563 shares in the company, valued at approximately $85,438,623.85. This trade represents a 3.43% 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. Insiders have sold 36,192 shares of company stock worth $33,367,059 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LITE shares. Citigroup boosted their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. BNP Paribas Exane boosted their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and an average price target of $1,012.43.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can trigger buying from index funds and ETFs while increasing visibility with institutional investors.
• Positive Sentiment: Broker-rating upgrades and bullish commentary have reinforced the view that AI infrastructure demand remains a major long-term tailwind for LITE.
• Positive Sentiment: Zacks and other momentum-focused coverage placed Lumentum on strong-buy and top momentum lists, signaling continued Wall Street enthusiasm.
• Positive Sentiment: REX Shares launched a leveraged 2x long LITE ETF, which can add trading interest and speculative demand for the shares.
• Neutral Sentiment: Several insider sales were disclosed, but they were pre-planned 10b5-1 transactions tied to equity vesting and tax withholding, making them less concerning from a fundamental standpoint.
• Neutral Sentiment: Recent articles also noted Lumentum’s strong earnings growth and raised guidance, which support the bull case but were already well known from the company’s latest quarterly report.
• Negative Sentiment: Some investors may still be taking profits after Lumentum’s sharp run-up, and that has weighed on sentiment in parts of the AI optics sector.

Lumentum Stock Up 11.1%

Shares of LITE stock opened at $964.50 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The firm’s 50-day moving average is $831.67 and its 200-day moving average is $557.30. The stock has a market cap of $75.04 billion, a price-to-earnings ratio of 178.61 and a beta of 1.53. Lumentum Holdings Inc. has a 52-week low of $71.04 and a 52-week high of $1,085.68.

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

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.