Roman Butler Fullerton & Co. Takes Position in Lumentum Holdings Inc. $LITE

Roman Butler Fullerton & Co. purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 912 shares of the technology company’s stock, valued at approximately $701,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LITE. Simplicity Wealth LLC bought a new position in Lumentum in the 2nd quarter worth approximately $242,000. HBK Sorce Advisory LLC bought a new position in shares of Lumentum during the 2nd quarter valued at about $232,000. Global Retirement Partners LLC purchased a new position in shares of Lumentum during the second quarter valued at about $4,192,000. 1ST Source Bank purchased a new position in shares of Lumentum during the second quarter valued at about $203,000. Finally, Sound Portfolio Advisors LLC purchased a new position in shares of Lumentum during the second quarter valued at about $429,000. 94.05% of the stock is owned by institutional investors.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Strong earnings and guidance: Lumentum reported quarterly EPS of $3.23, ahead of the $2.97 consensus estimate, while revenue reached $1.01 billion versus expectations of $987.7 million. Revenue increased roughly 109% year over year, and management issued fiscal Q1 2027 EPS guidance of $4.05-$4.35. Lumentum fiscal fourth-quarter earnings call transcript
• Positive Sentiment: AI infrastructure demand is accelerating: Analysts and financial commentators highlighted surging demand for optical components as AI data centers replace copper connections with high-speed fiber-optic links between GPU racks. Lumentum’s optical product sales and expanding margins are viewed as evidence that the company is converting this trend into results. Lumentum Just Delivered the AI Growth Investors Wanted
• Positive Sentiment: Analyst support increased: Rosenblatt Securities assigned LITE a Buy rating, while JPMorgan forecast significant additional appreciation. Reports cited an average Wall Street price target near $1,126, supporting the bullish reaction after earnings. Lumentum earns Buy rating from Rosenblatt Securities
• Neutral Sentiment: Sector-wide momentum: Lumentum, Corning and Applied Optoelectronics all advanced as investors returned to AI and optical-infrastructure stocks. The broader rally provides a favorable trading backdrop, although some of LITE’s move may reflect industry-wide enthusiasm rather than company-specific news. Optics stocks rise to end the week
• Negative Sentiment: Valuation and execution risks remain: Some commentary warned that the stock’s sharp long-term advance has left limited room for disappointment, with valuation and analyst disagreement creating potential volatility. Investors may also question whether AI-driven growth can remain at its current pace.

Analyst Ratings Changes

LITE has been the topic of several research reports. Citic Securities boosted their target price on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Stifel Nicolaus increased their price target on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Mizuho raised their price target on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a report on Wednesday. B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,044.67.

Lumentum Price Performance

Shares of Lumentum stock opened at $926.14 on Monday. The stock has a 50 day moving average price of $809.08 and a 200-day moving average price of $775.45. Lumentum Holdings Inc. has a one year low of $111.20 and a one year high of $1,085.68. The stock has a market cap of $72.05 billion, a price-to-earnings ratio of -11.27 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

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

Insider Transactions at Lumentum

In related news, Director Ian Small sold 4,954 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction 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 represents a 19.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the completion of the sale, the director directly owned 8,400 shares in the company, valued at $7,224,000. This trade represents a 32.26% 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. Over the last ninety days, insiders have sold 10,370 shares of company stock valued at $9,156,532. 0.43% of the stock is owned by corporate insiders.

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.