Benjamin Edwards Inc. Makes New $662,000 Investment in Lumentum Holdings Inc. $LITE

Benjamin Edwards Inc. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, Holdings Channel reports. The firm acquired 772 shares of the technology company’s stock, valued at approximately $662,000.

Several other institutional investors have also recently made changes to their positions in LITE. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum during the 1st quarter worth about $25,000. Sachetta LLC increased its position in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares in the last quarter. Truvestments Capital LLC raised its stake in Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares during the period. Triumph Capital Management acquired a new position in Lumentum during the 4th quarter worth approximately $30,000. Finally, Danske Bank A S acquired a new position in Lumentum during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Trending Headlines about Lumentum

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.

Analysts Set New Price Targets

A number of equities research analysts have commented on LITE shares. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Mizuho upped their target price on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. upped their target price on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Morgan Stanley increased their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lumentum in a research report on Monday. They issued a “buy” rating and a $1,200.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus target price of $1,053.83.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $870.58 on Thursday. Lumentum Holdings Inc. has a fifty-two week low of $130.97 and a fifty-two week high of $1,085.68. The stock has a market cap of $78.09 billion, a price-to-earnings ratio of -10.59 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The firm’s 50-day simple moving average is $813.66 and its 200 day simple moving average is $813.27.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company’s revenue for the quarter was up 109.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Vincent Retort sold 38,663 shares of Lumentum stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the transaction, the insider owned 78,440 shares of the company’s stock, valued at $66,877,159.60. The trade was a 33.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total value of $10,230,960.00. Following the sale, the senior vice president owned 37,804 shares of the company’s stock, valued at $32,230,934.32. This trade represents a 24.09% 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 64,147 shares of company stock worth $54,950,611 over the last three months. Company insiders own 0.43% of the company’s stock.

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.