Nicholas Investment Partners LP Invests $883,000 in Lumentum Holdings Inc. $LITE

Nicholas Investment Partners LP purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, HoldingsChannel.com reports. The firm purchased 1,029 shares of the technology company’s stock, valued at approximately $883,000.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after acquiring an additional 254 shares during the period. NewEdge Advisors LLC lifted its holdings in Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after acquiring an additional 6,275 shares during the period. Empowered Funds LLC boosted its position in shares of Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after purchasing an additional 680 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Lumentum during the 2nd quarter worth $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Lumentum during the 2nd quarter worth $1,712,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LITE has been the topic of several research analyst reports. Craig Hallum boosted their price target on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. BNP Paribas Exane raised their price objective on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Citigroup reaffirmed a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Lumentum in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 2,483 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $2,055,477.06. Following the completion of the sale, the insider directly owned 109,438 shares in the company, valued at $90,594,965.16. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. This trade represents a 16.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,352 shares of company stock valued at $14,315,562 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analyst estimates increased. Northland Securities raised its Q1 EPS estimates for Lumentum, suggesting improving expectations for the company’s near-term profitability. Q1 EPS Estimates for Lumentum Raised by Northland Securities
• Positive Sentiment: AI demand and guidance remain potential catalysts. Lumentum’s latest results included sharply higher sales, revenue growth of 109.3% year over year, and Q1 fiscal 2027 EPS guidance of $4.05 to $4.35. These trends support the view that demand for optical components used in AI infrastructure could drive better results ahead. Lumentum stock sinks. Why better times may be ahead
• Neutral Sentiment: Strong operating performance is competing with valuation concerns. Lumentum exceeded quarterly EPS and revenue estimates, but investors are reassessing whether its substantial year-to-date gains already reflect much of the AI opportunity. The stock has pulled back 10.55% over the past week and 4.84% over the past three months. Lumentum Holdings (LITE) As AI Demand And Fresh Guidance Put Valuation In Focus
• Negative Sentiment: Reported losses and peer weakness pressured sentiment. Despite adjusted earnings and revenue beats, Lumentum swung to a sizeable net loss. Shares also declined alongside optical-communications peers Coherent and Applied Optoelectronics, with Applied Optoelectronics’ planned $600 million equity offering adding concern about dilution and broader sector conditions. Coherent and Lumentum AI optics suppliers earnings analysis
• Negative Sentiment: Insider selling may weigh on confidence. CEO Michael Hurlston sold 6,185 shares valued at approximately $5.1 million, reducing his direct holdings by about 5%; an SVP also sold roughly $1.6 million in stock. These transactions do not necessarily indicate deteriorating fundamentals but can add short-term selling pressure. Lumentum CEO stock sale

Lumentum Trading Down 4.2%

Shares of Lumentum stock opened at $830.17 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. Lumentum Holdings Inc. has a 1 year low of $119.25 and a 1 year high of $1,085.68. The company has a market capitalization of $74.47 billion, a P/E ratio of -10.10 and a beta of 1.50. The business has a 50 day moving average price of $807.22 and a 200 day moving average price of $795.58.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the prior year, the firm earned $0.88 EPS. Lumentum’s quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

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.