Johnson Financial Group Inc. Acquires New Stake in Lumentum Holdings Inc. $LITE

Johnson Financial Group Inc. bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,100 shares of the technology company’s stock, valued at approximately $944,000.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of Lumentum by 45.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after acquiring an additional 114,714 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Lumentum during the 1st quarter valued at about $2,046,000. Styrax Capital LP grew its holdings in shares of Lumentum by 3.6% in the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after purchasing an additional 4,837 shares during the period. Whittier Trust Co. grew its holdings in shares of Lumentum by 21,806.5% in the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after purchasing an additional 73,706 shares during the period. Finally, Andar Capital Management HK Ltd acquired a new stake in Lumentum during the fourth quarter worth about $4,325,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity at Lumentum

In other Lumentum news, SVP Jae Kim sold 1,366 shares of Lumentum stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total value of $1,242,281.38. Following the completion of the transaction, the senior vice president directly owned 45,973 shares of the company’s stock, valued at $41,809,225.39. The trade was a 2.89% decrease in their position. The transaction was disclosed in a legal 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, insider Vincent Retort sold 3,183 shares of Lumentum stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total value of $2,894,715.69. Following the completion of the transaction, the insider directly owned 114,495 shares of the company’s stock, valued at approximately $104,125,187.85. This represents a 2.70% decrease in their ownership of the stock. 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 9,965 shares of company stock worth $8,993,110. 0.43% of the stock is currently owned by company insiders.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
• Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
• Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
• Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider Sale

Analyst Upgrades and Downgrades

Several research firms have weighed in on LITE. TD Cowen boosted their target price on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Citic Securities lifted their price target on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Finally, Mizuho increased their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,044.67.

Lumentum Trading Down 5.2%

Shares of LITE stock opened at $827.60 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The firm has a market cap of $74.24 billion, a PE ratio of -10.07 and a beta of 1.50. The company has a 50-day moving average of $811.06 and a two-hundred day moving average of $786.24. Lumentum Holdings Inc. has a 1-year low of $111.20 and a 1-year high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 16.97 EPS for the current year.

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.