GW&K Investment Management LLC Cuts Position in Lumentum Holdings Inc. $LITE

GW&K Investment Management LLC lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,239 shares of the technology company’s stock after selling 702 shares during the quarter. GW&K Investment Management LLC owned about 0.12% of Lumentum worth $30,312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum during the fourth quarter valued at approximately $28,000. Harbour Investments Inc. grew its holdings in shares of Lumentum by 675.0% during the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Chesapeake Asset Management LLC purchased a new stake in shares of Lumentum during the fourth quarter valued at approximately $37,000. BOCHK Asset Management Ltd purchased a new stake in shares of Lumentum during the fourth quarter valued at approximately $37,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Lumentum during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Up 3.8%

Shares of Lumentum stock opened at $853.26 on Thursday. The company has a market cap of $66.38 billion, a price-to-earnings ratio of 158.01 and a beta of 1.47. The company’s 50 day moving average is $890.77 and its 200 day moving average is $623.20. Lumentum Holdings Inc. has a twelve month low of $81.04 and a twelve month high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

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

Insiders Place Their Bets

In other Lumentum news, Director Ian Small sold 4,954 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total value of $4,300,418.78. Following the transaction, the director directly owned 21,008 shares in the company, valued at approximately $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider owned 89,563 shares in the company, valued at $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. In the last ninety days, insiders sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a report on Tuesday. TD Cowen increased their price target on shares of Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. Citigroup increased their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 price target on shares of Lumentum in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-networking stocks, including Lumentum, are rallying as the AI infrastructure trade strengthens again, lifting sentiment across the group. Applied Optoelectronics Jumps 7%, Lumentum Climbs 5%, Coherent Rises 2% as Optics Stocks Ride the AI Boom
• Positive Sentiment: Seeking Alpha published a bullish take on Lumentum, arguing the company remains a key beneficiary of data-center and photonics expansion, with revenue growth still looking strong despite a recent miss. Lumentum: Hard To Step In Front Of This Train
• Positive Sentiment: Analysts remain constructive: Needham reaffirmed a buy rating with a $1,040 target, and Northland reportedly raised its target to $1,200, reinforcing expectations for more upside. Benzinga report on Needham rating
• Positive Sentiment: Market commentary and recent conference coverage suggest growing investor interest in Lumentum’s AI optical-demand story and hyperscaler spending trends. Lumentum Stock Draws Attention as AI Optical Demand Expands
• Neutral Sentiment: A report on Lumentum’s short interest showed essentially no meaningful short position data, so it does not appear to be a major trading driver.

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.