648 Shares in Lumentum Holdings Inc. $LITE Bought by GK Wealth Management LLC

GK Wealth Management LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 648 shares of the technology company’s stock, valued at approximately $556,000.

Other large investors have also bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the 1st quarter worth about $25,000. Sachetta LLC raised its position in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Lumentum during the fourth quarter worth about $28,000. Truvestments Capital LLC raised its position in shares of Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after acquiring an additional 57 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in shares of Lumentum in the fourth quarter worth approximately $30,000. 94.05% of the stock is owned by institutional investors.

Insider Transactions at Lumentum

In other news, Director Ian Small sold 4,954 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares in the company, valued at $18,236,414.56. The trade was a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the sale, the director owned 6,984 shares of the company’s stock, valued at approximately $6,984,558.72. This represents 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. In the last ninety days, insiders have sold 41,260 shares of company stock valued at $38,859,220. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LITE. TD Cowen reduced their target price on Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Citigroup restated a “buy” rating on shares of Lumentum in a report on Thursday, July 16th. Citic Securities boosted their price target on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Zacks Research lowered shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a research report 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

Lumentum Stock Performance

Shares of LITE opened at $849.47 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a 50-day moving average of $816.50 and a 200-day moving average of $745.94. The company has a market cap of $66.09 billion, a PE ratio of 157.31 and a beta of 1.50. Lumentum Holdings Inc. has a one year low of $106.16 and a one year high of $1,085.68.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same period in the previous year, the company posted $0.57 EPS. The firm’s revenue was up 90.1% compared to the same quarter last year. On average, equities research analysts predict that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Reports that the U.S. may restrict imports of Chinese data-center components lifted optical-networking stocks, including Lumentum. Investors appear to expect the company and other domestic suppliers to benefit from reduced Chinese competition and increased demand. Marvell, Corning, and Lumentum Stocks Surge on Report of China Import Ban
• Positive Sentiment: A separate market report also linked Lumentum’s gains to the reported U.S. ban, which helped drive a broader rally among optical-component makers. The impact remains dependent on whether the proposed restrictions are formally implemented. Applied Optoelectronics Rockets, Coherent Climbs, Lumentum Gains on Reported U.S. Ban
• Positive Sentiment: Mizuho issued highly bullish commentary on Lumentum, supporting a sharp rebound from its late-July low. The stock’s association with Nvidia and exposure to AI-related data-center infrastructure are reinforcing investor enthusiasm. Here’s Why Nvidia-Backed Lumentum Stock Is Jumping Today
• Positive Sentiment: Analysts and earnings-preview reports expect year-over-year earnings growth and identify conditions that could support a quarterly earnings beat, including favorable estimates and recent operating momentum. Lumentum previously exceeded consensus EPS expectations while revenue grew strongly year over year. Lumentum Earnings Expected to Grow
• Positive Sentiment: Investors remain focused on the AI infrastructure opportunity: one analysis forecasts revenue growth above 90% in early fiscal 2027, improving profitability and approximately $500 million in fiscal 2027 free cash flow. Lumentum: The AI Trade Isn’t Dead

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.