Lumentum (NASDAQ:LITE) Director Isaac Hosojiro Harris Sells 4,000 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Isaac Hosojiro Harris sold 4,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the transaction, the director directly owned 8,400 shares of the company’s stock, valued at approximately $7,224,000. This trade represents a 32.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lumentum Stock Performance

NASDAQ LITE opened at $905.00 on Tuesday. Lumentum Holdings Inc. has a 1-year low of $72.29 and a 1-year high of $1,085.68. The company has a market capitalization of $70.41 billion, a P/E ratio of 167.59 and a beta of 1.53. The business has a 50 day moving average price of $865.06 and a 200 day moving average price of $590.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum shares gained attention after a “Power Inflow” trading signal, which traders view as a bullish sign of heavy buying interest and institutional demand. Lumentum Shares Rise Over 7 Percent After Key Trading Signal
• Positive Sentiment: Analysts and market blogs highlighted Lumentum’s AI laser chip momentum, citing record EML shipments, strong 200G demand, and expanding co-packaged optics opportunities that could support further growth. Lumentum’s AI Laser Chip Momentum Builds: More Upside Ahead?
• Positive Sentiment: Lumentum continues to show up in momentum-stock screens as a tech-led AI rally pushes the broader market to fresh highs, reinforcing the idea that investors are rotating into names tied to AI infrastructure. Buy 3 Momentum Anomaly Stocks as Tech Rally Spurs Fresh Highs
• Positive Sentiment: The company also announced plans to reduce convertible debt through a private share exchange, which can be viewed positively because it may improve the balance sheet and lower future financial risk. Lumentum Reduces Convertible Debt Through Private Share Exchange
• Neutral Sentiment: Coverage noted that Lumentum is expanding U.S. indium phosphide capacity with new equipment orders and a planned North Carolina facility, signaling long-term investment in AI optics production rather than an immediate financial impact. Lumentum Targets AI Optics Growth With New US Indium Phosphide Capacity
• Neutral Sentiment: Additional market commentary compared Lumentum with other optics stocks such as Applied Optoelectronics, but this was mainly sector context rather than a company-specific catalyst. Applied Optoelectronics Is Up 439% in 2026: Is It Outperforming Other Optics Stocks Like Lumentum and Coherent?

Hedge Funds Weigh In On Lumentum

Hedge funds have recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in Lumentum in the first quarter worth about $25,000. Sachetta LLC boosted its stake in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after acquiring an additional 19 shares during the period. Wiser Advisor Group LLC boosted its stake in Lumentum by 6,000.0% in the first quarter. Wiser Advisor Group LLC now owns 61 shares of the technology company’s stock valued at $43,000 after acquiring an additional 60 shares during the period. SJS Investment Consulting Inc. boosted its stake in Lumentum by 687.5% in the first quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock valued at $44,000 after acquiring an additional 55 shares during the period. Finally, Truvestments Capital LLC boosted its stake in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on LITE. Loop Capital raised their price objective on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Bank of America raised their price objective on Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. TD Cowen raised their price objective on Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Susquehanna raised their price objective on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research report on Monday, April 20th. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average price target of $1,012.43.

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.