Sona Asset Management US LLC Sells 1,274 Shares of Lumentum Holdings Inc. $LITE

Sona Asset Management US LLC cut its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 29.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,000 shares of the technology company’s stock after selling 1,274 shares during the quarter. Sona Asset Management US LLC’s holdings in Lumentum were worth $2,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LITE. Advisors Asset Management Inc. increased its stake in shares of Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after acquiring an additional 6,275 shares in the last quarter. Empowered Funds LLC boosted its stake in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after acquiring an additional 680 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Lumentum in the second quarter worth $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Lumentum in the second quarter worth $1,712,000. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LITE has been the topic of several research reports. Rosenblatt Securities upped their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus increased their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. B. Riley Financial restated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Northland Securities boosted their target price on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research note on Tuesday, June 9th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,012.67.

Lumentum Stock Performance

Shares of LITE stock opened at $762.99 on Monday. The firm has a market capitalization of $59.36 billion, a PE ratio of 141.29 and a beta of 1.48. The firm has a fifty day simple moving average of $844.69 and a two-hundred day simple moving average of $728.47. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12 month low of $101.22 and a 12 month high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Analysts forecast that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ian Small sold 4,954 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $868.07, for a total value of $4,300,418.78. Following the transaction, the director owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. This trade represents a 19.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. The trade was a 16.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,260 shares of company stock worth $38,859,220 over the last ninety days. Insiders own 0.43% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Barclays recently upgraded Lumentum and cited expectations for continued earnings strength, keeping the photonics maker in focus ahead of its next earnings report.
• Positive Sentiment: Zacks highlighted Lumentum as one of three stocks worth buying after recent broker rating upgrades, reinforcing the bullish analyst backdrop.
• Positive Sentiment: Analysts now describe Lumentum as a “Moderate Buy,” reflecting broad Street confidence in the company’s outlook.
• Positive Sentiment: Recent coverage has tied Lumentum to AI and data-center spending themes, with investors expecting optical networking suppliers to benefit from ongoing infrastructure buildout.
• Neutral Sentiment: Investors are also watching Lumentum’s upcoming quarterly earnings preview, with results likely to be a key catalyst for the stock.
• Negative Sentiment: Short interest data showed 0 shares reported, so there is no meaningful bearish signal from the latest short-interest update.

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.