Lumentum (NASDAQ:LITE) Stock: Insider Wajid Ali Sells 24,542 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the transaction, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at $78,715,089. This represents a 24.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lumentum Stock Performance

LITE stock traded up $39.64 during midday trading on Friday, hitting $1,085.42. The stock had a trading volume of 4,663,388 shares, compared to its average volume of 5,528,017. Lumentum Holdings Inc. has a 52 week low of $147.81 and a 52 week high of $1,091.61. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $874.94 and a 200 day simple moving average of $854.11. The firm has a market capitalization of $97.36 billion, a price-to-earnings ratio of -13.20 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 230.15% and a positive return on equity of 26.34%. The company’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities research analysts anticipate that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

Analysts Set New Price Targets

LITE has been the topic of several recent analyst reports. Sanford C. Bernstein started coverage on Lumentum in a research note on Wednesday. They issued an “outperform” rating and a $1,220.00 price target on the stock. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Citigroup boosted their target price on shares of Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Monday. UBS Group set a $820.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and a consensus price target of $1,073.25.

Hedge Funds Weigh In On Lumentum

Institutional investors and hedge funds have recently bought and sold shares of the business. Jupiter Topco LLC bought a new stake in shares of Lumentum during the second quarter valued at approximately $1,621,396,000. Situational Awareness LP lifted its holdings in Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after buying an additional 880,800 shares in the last quarter. Aspex Management HK Ltd bought a new position in Lumentum in the 4th quarter valued at $251,363,000. WT Asset Management Ltd bought a new position in Lumentum in the 2nd quarter valued at $494,688,000. Finally, Legal & General Group Plc acquired a new stake in shares of Lumentum in the 2nd quarter valued at $376,539,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Sanford C. Bernstein initiated coverage with an “outperform” rating and a $1,220 price target, citing Lumentum’s exposure to high-growth optical networking and AI infrastructure. Bernstein initiates coverage
• Positive Sentiment: Investors are also focusing on reports of NVIDIA’s approximately $2 billion commitment to expand Lumentum’s capacity and support joint development of data-center optics. The arrangement could improve revenue visibility as AI clusters require faster optical connections. NVIDIA AI infrastructure article
• Positive Sentiment: Market coverage has identified Lumentum as a potential “structural winner” from the shift toward optical networking in AI data centers. The company’s photonics products may benefit from rising data traffic, inference workloads and demand for high-speed connectivity. AI structural winners article
• Positive Sentiment: A Zacks analysis describes Lumentum as a strong growth stock, supporting the broader momentum narrative. Its latest reported quarter also showed revenue up 109.3% year over year, with EPS exceeding analyst expectations and fiscal first-quarter 2027 guidance of $4.05 to $4.35. Zacks growth stock analysis
• Neutral Sentiment: Seeking Alpha characterized LITE as a speculative buy, forecasting substantial future EPS growth but warning that the current valuation requires sustained revenue growth, margin expansion and strong execution. Lumentum AI network analysis
• Negative Sentiment: CFO Wajid Ali sold 24,542 shares worth approximately $25.7 million, reducing his direct stake by 24.64%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal. Other insider sales by Yuen Wupen were considerably smaller relative to his remaining holdings. Lumentum CFO SEC filing

Lumentum Company Profile

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.