Wedbush Securities Inc. Acquires New Shares in Lumentum Holdings Inc. $LITE

Wedbush Securities Inc. purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, HoldingsChannel reports. The institutional investor purchased 579 shares of the technology company’s stock, valued at approximately $497,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LITE. Jupiter Topco LLC bought a new stake in Lumentum during the 2nd quarter worth approximately $1,621,396,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares in the last quarter. Norges Bank acquired a new stake in shares of Lumentum during the 4th quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC acquired a new stake in Lumentum in the fourth quarter worth $432,062,000. Finally, Situational Awareness LP grew its stake in shares of Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after buying an additional 880,800 shares during the period. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LITE shares. BNP Paribas Exane lifted their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Wolfe Research reaffirmed an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Finally, UBS Group set a $820.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,053.83.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Evercore begins coverage with an Outperform rating: Evercore initiated coverage with a $1,100 price target, indicating meaningful potential upside from the referenced trading level. The call strengthens Lumentum’s generally favorable analyst outlook, which includes a Moderate Buy consensus and an average target of about $1,054. Evercore Lumentum Coverage
• Positive Sentiment: AI demand remains the primary growth catalyst: Lumentum is benefiting from rising demand for optical interconnects used in AI data centers. Its work on optical circuit switching, co-packaged optics and near-package optics could expand its addressable market. Recent earnings also showed strong momentum, with revenue more than doubling year over year and adjusted EPS exceeding expectations. Lumentum AI Optics Growth
• Neutral Sentiment: Shares remain in consolidation: After a substantial AI-driven rally, LITE has spent roughly 15 weeks consolidating below its record high. A breakout could attract momentum investors, but the setup also reflects elevated expectations. Lumentum Technical Setup
• Negative Sentiment: Insider selling adds a modest cautionary signal: Insider Yuen Wupen sold 500 shares at an average price of $895 after selling another 500 shares at approximately $941 on August 28. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, and the latest sale reduced the insider’s holdings by only 0.42%, limiting its significance. Lumentum Insider Sale
• Negative Sentiment: Valuation and competition remain risks: Lumentum’s large rally has raised execution expectations, while NVIDIA and Marvell compete in adjacent optical and connectivity markets. Any slowdown in AI infrastructure spending or difficulty scaling new products could pressure the stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $870.58 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $813.66 and its two-hundred day simple moving average is $813.27. The firm has a market capitalization of $78.09 billion, a P/E ratio of -10.59 and a beta of 1.53. Lumentum Holdings Inc. has a twelve month low of $130.97 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its quarterly 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 during 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 quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

Insider Transactions at Lumentum

In related news, CEO Michael E. Hurlston sold 548 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total value of $525,345.68. Following the completion of the sale, the chief executive officer owned 186,951 shares in the company, valued at $179,222,445.66. The trade was a 0.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jae Kim sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the sale, the senior vice president owned 37,804 shares of the company’s stock, valued at approximately $32,230,934.32. The trade was a 24.09% decrease in their ownership of the stock. 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 quarter, insiders sold 64,147 shares of company stock valued at $54,950,611. 0.43% of the stock is currently owned by corporate insiders.

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.