Lumentum Holdings Inc. $LITE Holdings Cut by Monolith Management Ltd

Monolith Management Ltd decreased its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 70.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,989 shares of the technology company’s stock after selling 25,634 shares during the quarter. Lumentum makes up approximately 1.5% of Monolith Management Ltd’s holdings, making the stock its 13th largest position. Monolith Management Ltd’s holdings in Lumentum were worth $4,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its position in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Lumentum in the 4th quarter worth approximately $28,000. Triumph Capital Management purchased a new stake in Lumentum in the 4th quarter worth approximately $30,000. Harbour Investments Inc. lifted its position in Lumentum by 675.0% in the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after buying an additional 81 shares in the last quarter. Finally, Chesapeake Asset Management LLC purchased a new stake in Lumentum in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insiders Place Their Bets

In related news, insider Yuen Wupen sold 3,210 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,062,179.50. Following the transaction, the insider directly owned 81,488 shares in the company, valued at approximately $77,735,477.60. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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, Director Brian Lillie sold 11,951 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the completion of the transaction, the director owned 13,959 shares in the company, valued at $13,702,712.76. The trade was a 46.13% 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. Insiders sold a total of 41,260 shares of company stock worth $38,859,220 in the last ninety days. 0.43% of the stock is owned by insiders.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Lumentum as a strong AI infrastructure play, citing expanding margins, improving demand visibility, and growth in optical networking as reasons the stock still has runway. Article Title
• Positive Sentiment: A separate note said Lumentum tops Broadcom as an AI infrastructure stock, pointing to faster near-term upside from AI-driven optical networking demand and margin expansion. Article Title
• Positive Sentiment: Fund commentary from Columbia Threadneedle highlighted Lumentum as a contributor to performance in the first quarter, reinforcing investor interest in the name after its strong operating results. Article Title
• Neutral Sentiment: Lumentum’s chair and CEO are scheduled to participate in a Rome conference on AI, ethics, and governance, which may support visibility but does not appear to be a major near-term business catalyst. Article Title
• Negative Sentiment: Despite the bullish AI narrative, broader market coverage noted Lumentum as one of the day’s weaker movers, suggesting traders may be taking profits after a strong run-up and reacting to valuation concerns. Article Title

Lumentum Stock Down 8.6%

Lumentum stock opened at $875.36 on Wednesday. The company has a market capitalization of $68.10 billion, a P/E ratio of 162.10 and a beta of 1.47. The firm’s fifty day simple moving average is $901.22 and its 200-day simple moving average is $640.73. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 1-year low of $83.59 and a 1-year high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results 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 business 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 for the quarter was up 90.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts forecast that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LITE has been the subject of a number of research analyst reports. Craig Hallum increased their target price on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Rosenblatt Securities raised their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. BNP Paribas Exane raised their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. One 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’s stock. According to data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

Lumentum Company 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.