GW&K Investment Management LLC Sells 702 Shares of Lumentum Holdings Inc. $LITE

GW&K Investment Management LLC cut its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,239 shares of the technology company’s stock after selling 702 shares during the period. GW&K Investment Management LLC’s holdings in Lumentum were worth $30,312,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC raised its position in Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Lumentum during the 4th quarter valued at $28,000. Danske Bank A S bought a new stake in shares of Lumentum during the 3rd quarter valued at $33,000. Harbour Investments Inc. raised its position in shares of Lumentum by 675.0% during the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Finally, Chesapeake Asset Management LLC bought a new stake in shares of Lumentum during the 4th quarter valued at $37,000. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on LITE. Loop Capital raised their price objective 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. BNP Paribas Exane raised their price objective on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Stifel Nicolaus raised their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Citic Securities raised their price objective on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Finally, TD Cowen raised their price objective on shares of Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.95.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-networking stocks, including Lumentum, are rallying as the AI infrastructure trade strengthens again, lifting sentiment across the group. Applied Optoelectronics Jumps 7%, Lumentum Climbs 5%, Coherent Rises 2% as Optics Stocks Ride the AI Boom
• Positive Sentiment: Seeking Alpha published a bullish take on Lumentum, arguing the company remains a key beneficiary of data-center and photonics expansion, with revenue growth still looking strong despite a recent miss. Lumentum: Hard To Step In Front Of This Train
• Positive Sentiment: Analysts remain constructive: Needham reaffirmed a buy rating with a $1,040 target, and Northland reportedly raised its target to $1,200, reinforcing expectations for more upside. Benzinga report on Needham rating
• Positive Sentiment: Market commentary and recent conference coverage suggest growing investor interest in Lumentum’s AI optical-demand story and hyperscaler spending trends. Lumentum Stock Draws Attention as AI Optical Demand Expands
• Neutral Sentiment: A report on Lumentum’s short interest showed essentially no meaningful short position data, so it does not appear to be a major trading driver.

Insider Activity at Lumentum

In related news, Director Isaac Hosojiro Harris sold 4,000 shares of the firm’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 directly owned 8,400 shares of the company’s stock, valued at approximately $7,224,000. This trade represents a 32.26% decrease in their ownership of the stock. The transaction 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 Vincent Retort sold 3,183 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 89,563 shares of the company’s stock, valued at $85,438,623.85. The trade was a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 sold a total of 41,260 shares of company stock valued at $38,859,220 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

LITE opened at $853.26 on Thursday. The stock has a market capitalization of $66.38 billion, a price-to-earnings ratio of 158.01 and a beta of 1.47. The company has a fifty day moving average of $890.77 and a 200 day moving average of $623.20. Lumentum Holdings Inc. has a fifty-two week low of $81.04 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 0.97 and a current ratio of 1.14.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million during 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% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, sell-side analysts forecast that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal 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.