1492 Capital Management LLC Sells 8,270 Shares of Lumentum Holdings Inc. $LITE

1492 Capital Management LLC decreased its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 40.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,038 shares of the technology company’s stock after selling 8,270 shares during the period. Lumentum comprises approximately 1.7% of 1492 Capital Management LLC’s holdings, making the stock its 22nd largest position. 1492 Capital Management LLC’s holdings in Lumentum were worth $4,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LITE. CIBC Asset Management Inc raised its holdings in Lumentum by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 2,460 shares of the technology company’s stock worth $907,000 after purchasing an additional 303 shares during the period. BW Gestao de Investimentos Ltda. bought a new position in shares of Lumentum in the fourth quarter worth about $12,929,000. New Mexico Educational Retirement Board raised its stake in shares of Lumentum by 3.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 14,500 shares of the technology company’s stock worth $5,345,000 after buying an additional 500 shares during the period. Reaves W H & Co. Inc. bought a new position in shares of Lumentum during the 4th quarter valued at approximately $7,556,000. Finally, Florida Financial Advisors LLC bought a new position in shares of Lumentum during the 4th quarter valued at approximately $2,003,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Trading Down 8.9%

Lumentum stock opened at $938.00 on Thursday. Lumentum Holdings Inc. has a 1 year low of $79.50 and a 1 year high of $1,085.68. The firm’s 50 day moving average price is $875.70 and its 200-day moving average price is $600.97. 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 market cap of $72.98 billion, a P/E ratio of 173.70 and a beta of 1.47.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. Lumentum’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on LITE. Northland Securities raised their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday. Mizuho set a $1,100.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Morgan Stanley increased their price objective on shares of Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Craig Hallum raised their price objective on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane lifted their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and a consensus target price of $1,021.95.

Insider Buying and Selling at Lumentum

In related news, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 8,400 shares in the company, valued at approximately $7,224,000. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,036,422.85. Following the transaction, the insider directly owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. The trade was a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 39,844 shares of company stock worth $37,443,107. Insiders own 0.43% of the company’s stock.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its price target on Lumentum and kept an Outperform rating, reinforcing the bullish case for more upside. Northland Securities adjusts PT on Lumentum
• Positive Sentiment: Market commentary highlighted Nvidia’s shift from copper to optical interconnects in AI data centers, putting Lumentum at the center of a major long-term growth theme. Nvidia optics shift puts Lumentum at center of AI data centers
• Positive Sentiment: Optical networking stocks broadly rallied as investors piled into AI-related infrastructure names, which has helped lift sentiment toward Lumentum alongside peers like Coherent and Corning. Why Coherent and Lumentum stocks jumped on Tuesday
• Neutral Sentiment: One article noted that a director sold 4,000 shares, but the sale was made under a pre-arranged 10b5-1 plan, so it is less likely to be interpreted as a negative fundamental signal. Director Isaac Hosojiro Harris sells 4,000 shares

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.