Lumentum (NASDAQ:LITE) Shares Down 5.4% Following Insider Selling

12 Sep 2026, 10:01 by Renee Jackson · The Cerbat Gem

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) shares traded down 5.4% on Thursday after an insider sold shares in the company. The stock traded as low as $933.82 and last traded at $935.70. 3,943,422 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 5,585,797 shares. The stock had previously closed at $988.98.

Specifically, insider Yuen Wupen sold 500 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $961.44, for a total value of $480,720.00. Following the completion of the transaction, the insider owned 114,627 shares in the company, valued at $110,206,982.88. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $895.99, for a total value of $447,995.00. Following the transaction, the insider directly owned 115,627 shares in the company, valued at approximately $103,600,635.73. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, insider Yuen Wupen sold 500 shares of Lumentum stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $860.00, for a total transaction of $430,000.00. Following the sale, the insider owned 116,127 shares in the company, valued at approximately $99,869,220. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price target on the stock. Citigroup reiterated a “buy” rating on shares of Lumentum in a research note on Wednesday, August 12th. Northland Securities raised their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Evercore started coverage on shares of Lumentum in a report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,053.83.

Check Out Our Latest Stock Report on Lumentum

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: AI data-center demand remains the main catalyst. Lumentum is benefiting from the shift from copper to fiber optics, record 800G transceiver shipments and tight supply of EML lasers. Analysts see significant growth potential as customers increase spending on high-speed optical infrastructure, particularly from 2027 onward. Lumentum: Why 2027 Will Be a Game Changer
Positive Sentiment: Recent financial results and guidance were strong. Lumentum’s latest quarterly revenue reached approximately $1.01 billion, while adjusted EPS of $3.23 exceeded the $2.97 consensus estimate. Revenue more than doubled year over year, and first-quarter fiscal 2027 EPS guidance of $4.05 to $4.35 supports expectations for continued earnings momentum.
Positive Sentiment: Analyst and institutional interest remains supportive. LITE has been highlighted as an AI infrastructure “buy zone” stock, and the analyst consensus remains “Moderate Buy,” with an average price target above the latest reported trading level. Institutional investors and hedge funds own approximately 94% of the shares. Top Funds Bet Billions As This AI Stock Lights Up a Buy Zone
Neutral Sentiment: Competitive risks are increasing. Applied Optoelectronics is expanding 800G and 1.6T optical capacity as AI networking demand rises, highlighting the intensifying competition Lumentum faces in a rapidly growing market. AAOI’s Optical Networking Demand Rise
Negative Sentiment: Repeated insider selling may be weighing on sentiment. Insider Yuen Wupen sold 500 shares for approximately $481,000 on September 10 and another 500 shares for about $448,000 on September 8. The trades were made under a pre-arranged Rule 10b5-1 plan and represent only 0.43% of the insider’s holdings per transaction, limiting their significance but still signaling profit-taking at elevated prices. Lumentum Insider Sale

Lumentum Trading Down 0.9%

The company has a 50 day simple moving average of $829.50 and a 200 day simple moving average of $827.28. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $83.15 billion, a PE ratio of -11.28 and a beta of 1.53.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same period last year, the business posted $0.88 EPS. The company’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. Analysts predict that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lumentum

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new position in Lumentum during the 1st quarter worth $25,000. Sachetta LLC boosted its holdings in shares of 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 acquiring an additional 19 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Lumentum during the second quarter worth about $40,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Lumentum during the second quarter worth about $41,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Lumentum during the second quarter worth about $42,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Company Profile

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Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.