Lumentum Holdings Inc. $LITE Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 78.2% in the first quarter, Holdings Channel reports. The institutional investor owned 404,867 shares of the technology company’s stock after selling 1,449,934 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Lumentum were worth $284,524,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new position in shares of Lumentum during the first quarter worth about $25,000. Sachetta LLC lifted its position 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 purchasing an additional 19 shares during the period. V Square Quantitative Management LLC acquired a new stake in Lumentum in the fourth quarter valued at about $28,000. Truvestments Capital LLC boosted its holdings in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after purchasing an additional 57 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in Lumentum during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity

In related news, CFO Wajid Ali sold 2,487 shares of the firm’s 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 $2,372,473.65. Following the transaction, the chief financial officer owned 60,951 shares in the company, valued at approximately $58,144,206.45. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Also, SVP Jae Kim sold 1,422 shares of Lumentum stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $1,356,516.90. Following the transaction, the senior vice president owned 32,333 shares in the company, valued at $30,844,065.35. The trade was a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days, insiders have sold 41,260 shares of company stock worth $38,859,220. Insiders own 0.43% of the company’s stock.

Lumentum Stock Down 8.5%

LITE opened at $762.99 on Friday. Lumentum Holdings Inc. has a 12 month low of $101.22 and a 12 month high of $1,085.68. 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 business has a 50-day moving average of $844.69 and a two-hundred day moving average of $725.88. The stock has a market capitalization of $59.36 billion, a price-to-earnings ratio of 141.29 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last posted its quarterly 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 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%. Lumentum’s revenue was up 90.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, research analysts expect that Lumentum Holdings Inc. will post 6.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LITE. UBS Group lifted their price target on Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Stifel Nicolaus raised their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citic Securities boosted their target price on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Rosenblatt Securities upped their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley increased their price target on shares of Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,012.67.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Barclays recently upgraded Lumentum and cited expectations for continued earnings strength, keeping the photonics maker in focus ahead of its next earnings report.
• Positive Sentiment: Zacks highlighted Lumentum as one of three stocks worth buying after recent broker rating upgrades, reinforcing the bullish analyst backdrop.
• Positive Sentiment: Analysts now describe Lumentum as a “Moderate Buy,” reflecting broad Street confidence in the company’s outlook.
• Positive Sentiment: Recent coverage has tied Lumentum to AI and data-center spending themes, with investors expecting optical networking suppliers to benefit from ongoing infrastructure buildout.
• Neutral Sentiment: Investors are also watching Lumentum’s upcoming quarterly earnings preview, with results likely to be a key catalyst for the stock.
• Negative Sentiment: Short interest data showed 0 shares reported, so there is no meaningful bearish signal from the latest short-interest update.

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.