Lumentum (NASDAQ:LITE) Stock Price Down 8.6% After Insider Selling

05 Jun 2026, 20:54 by Danessa Lincoln · The Markets Daily

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) shares fell 8.6% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $853.10 and last traded at $863.66. Approximately 7,461,103 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 6,028,339 shares. The stock had previously closed at $945.08.

Specifically, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the transaction, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. This trade represents a 16.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the sale, the director owned 8,400 shares in the company, valued at $7,224,000. The trade was a 32.26% 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.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LITE shares. Raymond James Financial restated an “outperform” rating and set a $1,014.00 price target on shares of Lumentum in a report on Wednesday, May 6th. Barclays upped their price objective on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Susquehanna increased their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research report on Monday, April 20th. TD Cowen boosted their target price on shares of Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Finally, Citic Securities upped their price target on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.95.

Get Our Latest Report on Lumentum

More Lumentum News

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Northland Securities raised its price target on Lumentum to $1,200 from $1,000 and kept an “outperform” rating, reinforcing bullish expectations for the stock. Article Title
Positive Sentiment: Analyst coverage remains favorable overall, with Lumentum carrying an average “Moderate Buy” rating, which can help support investor sentiment. Article Title
Positive Sentiment: Lumentum announced a $650.4 million private share exchange tied to its 2028 convertible notes, a move that may reduce financing overhang and improve balance-sheet flexibility. Article Title
Positive Sentiment: Investor attention remains elevated around Lumentum’s role in AI infrastructure and optical interconnects, a theme that has helped drive the stock’s strong run. Article Title
Neutral Sentiment: Director Isaac Hosojiro Harris sold 1,416 shares in a pre-arranged 10b5-1 plan. The sale is routine, but insider selling can still make some investors more cautious. Article Title
Neutral Sentiment: Articles questioning whether Lumentum is “down since last earnings” mainly focused on post-earnings valuation and trading digestion rather than a new negative catalyst. Article Title

Lumentum Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a market capitalization of $67.19 billion, a price-to-earnings ratio of 159.94 and a beta of 1.47. The business’s fifty day simple moving average is $878.56 and its 200 day simple moving average is $606.00.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, research analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LITE. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares in the last quarter. Norges Bank bought a new position in shares of Lumentum in the 4th quarter worth $474,495,000. Value Aligned Research Advisors LLC bought a new position in shares of Lumentum in the 4th quarter worth $432,062,000. Situational Awareness LP grew its position in Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Lumentum by 707.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after purchasing an additional 871,249 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Lumentum Company Profile

(Get Free Report)

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.