20 stories mentioning LITE
Every FINWIRES story that references LITE, newest first.
Isaac Hosojiro Harris, Director, on May 29, 2026, sold 4,000 shares in Lumentum Holdings (LITE) for $3,440,000. Following the Form 4 filing with the SEC, Harris has control over a total of 8,400 common shares of the company, with 8,400 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000186650326000004/xslF345X05/form4-06022026_120628.xml
Wajid Ali, Executive Vice President and Chief Financial Officer, on May 15, 2026, sold 2,487 shares in Lumentum Holdings (LITE) for $2,372,474. Following the Form 4 filing with the SEC, Ali has control over a total of 60,951 common shares of the company, with 60,951 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000156110026000003/xslF345X05/form4-05202026_120550.xml
Vincent Retort, Executive Vice President, Module Business Unit Research and Product Development, on May 15, 2026, sold 3,183 shares in Lumentum Holdings (LITE) for $3,036,423. Following the Form 4 filing with the SEC, Retort has control over a total of 89,563 common shares of the company, with 89,563 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000164825626000004/xslF345X05/form4-05202026_120500.xml
Jae Kim, Senior Vice President, General Counsel, on May 15, 2026, sold 1,422 shares in Lumentum Holdings (LITE) for $1,356,517. Following the Form 4 filing with the SEC, Kim has control over a total of 32,333 common shares of the company, with 32,333 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000157046526000003/xslF345X05/form4-05202026_120522.xml
Pamela Fletcher, Director, on May 14, 2026, sold 3,155 shares in Lumentum Holdings (LITE) for $3,066,936. Following the Form 4 filing with the SEC, Fletcher has control over a total of 7,406 common shares of the company, with 7,406 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000171103526000001/xslF345X05/form4-05152026_090507.xml
Brian Lillie, Director, on May 11, 2026, sold 11,951 shares in Lumentum Holdings (LITE) for $11,731,562. Following the Form 4 filing with the SEC, Lillie has control over a total of 13,959 common shares of the company, with 13,959 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000164823126000002/xslF345X05/form4-05122026_110518.xml
US equity indexes rose on Monday, alongside crude oil futures and Treasury yields, as President Donald Trump reportedly planned to meet national security officials after rejecting Iran's response to a proposal to restart the peace process.The S&P 500 climbed 0.2% to 7,412.84, the Dow Jones Industrial Average rose 0.2% to 49,706.47, and the Nasdaq Composite advanced 0.1% to 26,274.13. The S&P 500 and the Nasdaq scaled new all-time peaks intraday.Energy was the top gainer at the close, ahead of materials, technology, and industrials. Communication services and consumer staples led the decliners.Heavyweights Qualcomm (QCOM), Micro Technology (MU), Tesla (TSLA), and Intel (INTC) were among the top five gainers intraday in a category of stocks with a market capitalization of more than $200 billion, according to data compiled by Finviz.President Trump said the US-Iran ceasefire is on "massive life support," after he rejected Tehran's response to his peace proposal as unserious, according to a report from The Wall Street Journal. Iran had demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through Hormuz, a person familiar with the matter told Bloomberg.Trump, who has endorsed suspending the federal gasoline tax "for a period of time" in an interview with CBS News on Monday, is meeting his national security team to discuss the way forward, including possibly resuming military action against Iran, three US officials told Axios.The US officials said Trump wants a deal to end the war, Axios reported. But Iran's rejection of many of Trump's demands and refusal to make meaningful concessions on its nuclear program puts the military option back on the table, the news report added.West Texas Intermediate crude oil futures rose 3% to $98.26, and Brent crude futures increased 3% to $104.27.US Treasury yields rose, with the 10-year up 4.8 basis points to 4.41% and the two-year rate higher by 6.1 basis points to 3.95%.In economic news, the pace of US existing home sales rose 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Monday showed. Total sales were unchanged from a year earlier.In company news, Lumentum (LITE) said Monday that its stock will be included in the Nasdaq-100 Index, effective May 18. Shares surged 17%, the top gainer on the S&P 500.HSBC downgraded Trade Desk (TTD) to reduce from hold while adjusting its price target to $20 from $31. Shares slumped 7.4%, among the worst performers on the S&P 500.In precious metals, gold futures rose 0.4% to $4,747.2, and silver futures surged 7.5% to $86.91.
The S&P 500 and the Nasdaq Composite hit fresh highs on Monday as traders continued to track developments in the Middle East that sent oil prices rising.The S&P 500 rose 0.2% to 7,412.8, while the Nasdaq added 0.1% to 26,274.1 -- both logging new closing highs. The Dow Jones Industrial Average climbed 0.2% to 49,704.5.Six of the 11 sectors ended in the green, led by energy, while communication services saw biggest drop.West Texas Intermediate crude was last up 3% to $98.25 a barrel, while Brent advanced 2.9% to $104.23.US President Donald Trump on Sunday rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz.The US-Iran ceasefire is on "massive life support" and "unbelievably weak," news outlets reported Monday, citing Trump.Iran's proposal, delivered via mediator Pakistan, sought an immediate end to hostilities, the lifting of the US naval blockade of its ports and assurances against further aggression, BBC News reported, citing Iran's semi-official Tasnim news agency.Trump is scheduled to arrive in China Wednesday for a high-stakes state visit, with talks set to take place Thursday and Friday."The US will want China to use its influence with Tehran, especially because China is a major buyer of Iranian oil," Saxo Bank Chief Investment Strategist Charu Chanana said in a report Monday. "China, meanwhile, wants energy security and stable shipping lanes, but it is unlikely to appear as if it is acting under US instruction."US Treasury yields were higher, with the 10-year rate up 5.6 basis points at 4.42% and the two-year rate rising 6.7 basis points to 3.96%.Some 89% of S&P 500 companies have reported quarterly results in the latest cycle, with earnings up about 25% from a year earlier and revenue rising 10%, Oppenheimer Asset Management said in a note. Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year."Notwithstanding the recent powerful rallies in stocks driven by earnings growth and better than expected US economic data over the past week, challenges remain to finding resolution to the conflict in the Middle East," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Cisco Systems (CSCO) and Applied Materials (AMAT) are among the major names scheduled to report this week.Nvidia (NVDA) rose 2%, among the best performers on the Dow, while Qualcomm (QCOM) jumped 8.4%, among the biggest gainers on the S&P 500.Lumentum (LITE) shares surged nearly 17%, the top gainer on the S&P 500, after the company said it is set to join the Nasdaq-100 index, effective May 18.Trade Desk (TTD) shares slumped 6.8%, among the worst performers on the S&P 500, after HSBC downgraded the stock to reduce from hold while adjusting its price target to $20 from $31.Fox (FOX, FOXA) reported a surprise increase in quarterly earnings, while the media company's revenue topped estimates amid distribution growth. Fox's class A and B shares rose 7.6% and 8.1%, respectively.In economic news, US existing home sales increased less than projected in April, data from the National Association of Realtors showed."Despite mixed macroeconomic signals -- including a record-high stock market and historically low consumer confidence -- home sales were modestly boosted by the continued improvement in housing affordability," NAR Chief Economist Lawrence Yun said.Gold was last up 0.3% at $4,744.50 per troy ounce, while silver jumped 7.1% to $86.61 per ounce.
US equity indexes ended higher on Monday even as President Donald Trump rejected Iran's response to a US proposal to restart peace talks, sending oil prices higher.* The US and Iran remained far apart on a framework to end their war and reopen the Strait of Hormuz, with Trump calling Tehran's reply to his proposed peace plan "a piece of garbage," Bloomberg reported.* US existing home sales rose 0.2% to a 4.02 million annual rate in April from 4.01 million in March, below the 4.05 million expected in a Bloomberg survey.* June West Texas Intermediate crude oil rose $2.74 to settle at $98.16 per barrel, while July Brent crude, the global benchmark, was last seen up $2.94 at $104.23.* Lumentum Holdings (LITE) shares rose 17%, the top gainer on the S&P 500. The stock will be added to the Nasdaq 100 effective May 18.* Trade Desk (TTD) shares fell 6.8%, the third-biggest decline on the S&P, after HSBC downgraded the stock to reduce from hold and cut its price target to $20 from $31.
US benchmark equity indexes were higher intraday as traders appeared to shake off worries about the Middle East conflict and higher oil prices.The S&P 500 was up 0.3% at 7,421.2 after midday Monday, while the Dow Jones Industrial Average and the Nasdaq Composite rose 0.2% each to 49,691.7 and 26,308.6, respectively. Among sectors, energy paced the gainers, while communication services saw biggest drop.West Texas Intermediate crude jumped 3.7% to $98.98 a barrel, while Brent advanced 3.5% to $104.87, as US President Donald Trump rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz.The US-Iran ceasefire is on "massive life support" and "unbelievably weak," news outlets reported Monday, citing Trump. On Sunday, Trump described Iran's response to Washington's peace proposal as "totally unacceptable."Iran's proposal, delivered via mediator Pakistan, sought an immediate end to hostilities, the lifting of the US naval blockade of its ports and assurances against further aggression, BBC News reported, citing Iran's semi-official Tasnim news agency."While optimism for an imminent deal is fading, there remains a glimmer of hope that talks between Trump and Chinese President Xi (Jinping) later this week could yield positive results on Iran," ING Bank said in a note Monday.Trump is scheduled to arrive in China Wednesday for a high-stakes state visit, with talks set to take place Thursday and Friday.US Treasury yields were higher intraday Monday, with the 10-year rate up 4.7 basis points at 4.41% and the two-year rate rising 4.2 basis points to 3.94%.In company news, some big technology names were advancing, with Nvidia (NVDA) up 2.6%, the second-biggest gainer on the Dow. Micron (MU) and Qualcomm (QCOM) also saw sizable gains.Some 89% of S&P 500 companies have reported quarterly results in the latest cycle, with earnings up about 25% from a year earlier and revenue rising 10%, Oppenheimer Asset Management said in a note. Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year.Cisco Systems (CSCO) and Applied Materials (AMAT) are among the major names scheduled to report this week.Lumentum (LITE) shares surged 17% intraday Monday, the top gainer on the S&P 500, after the company said it is set to join the Nasdaq-100 index, effective May 18.Trade Desk (TTD) shares were down 7.1%, the worst performer on the S&P 500, after HSBC downgraded the stock to reduce from hold while adjusting its price target to $20 from $31.In economic news, US existing home sales increased less than projected in April, data from the National Association of Realtors showed."Despite mixed macroeconomic signals -- including a record-high stock market and historically low consumer confidence -- home sales were modestly boosted by the continued improvement in housing affordability," NAR Chief Economist Lawrence Yun said.Gold was down 0.2% at $4,722.50 per troy ounce, while silver jumped 6.2% to $85.90 per ounce.
Odysight.ai (ODYS) reported Monday the execution of a cooperative research and development agreement, or CRADA, with the Naval Air Warfare Center Aircraft Division Lakehurst, or NAWCAD, part of the US Navy.Shares surged 26% as intraday trading volume soared to over 34.5 million from a daily average of roughly 20,000.Lumentum (LITE) said Monday that its stock will be included in the Nasdaq-100 Index, effective May 18. Shares surged 17%, making it as the top gainer on the S&P 500.Shares jumped with intraday trading volume of over 7.1 million from a daily average of about 6.32 million.Price: $5.59, Change: $+1.13, Percent Change: +25.34%
US equity indexes traded mixed midday Monday, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process.The Nasdaq rose 0.2% to 26,302.1 after touching a record 26,339.78 intraday. The S&P 500 climbed 0.3% to 7,417.2 after hitting an all-time high of 7,423.59 earlier in the session. The Dow Jones Industrial Average was steady to slightly lower at 49,604.7.Energy was the standout gainer, followed by materials and technology. Communication services and consumer staples led the decliners.Tech heavyweights Qualcomm (QCOM), Micro Technology (MU), and Nvidia (NVDA) were among the top 10 gainers intraday in a category of stocks with a market capitalization of more than $200 billion, according to data compiled by Finviz.The US and Iran remained far apart on a framework to end their war and reopen the Strait of Hormuz, with Trump calling the Islamic Republic's reply to his proposed peace plan unworkable, Bloomberg reported. Tehran demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through Hormuz, a person familiar with the matter told Bloomberg.Trump said the ceasefire between the US and Iran is on "massive life support," after he rejected Iran's response to a proposal for ending the war as unserious, according to a report from The Wall Street Journal.West Texas Intermediate crude oil futures rose 3.4% to $98.69, and Brent crude futures increased 3.3% to $104.66.US Treasury yields rose, with the 10-year up 3.8 basis points to 4.4% and the two-year rate higher by 3.6 basis points to 3.93%."Oil price dynamics remain crucial for bond markets and should set a bearish tone at the start of the week," Commerzbank's Hauke Siemssen and Erik Liem were cited as saying in a report from The Wall Street Journal on Monday.In economic news, the pace of US existing home sales rose 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Monday showed. Total sales were unchanged from a year earlier.In company news, Lumentum (LITE) said Monday that its stock will be included in the Nasdaq-100 Index, effective May 18. Shares surged 17%, the top gainer on the S&P 500.HSBC downgraded Trade Desk (TTD) to reduce from hold while adjusting its price target to $20 from $31. Shares slumped 7.5%, the worst performer on the S&P 500.In precious metals, gold futures slipped less than 0.1% to $4,730.1, and silver futures jumped 6.7% to $86.28.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $100 to $1,100, applying an EV/EBITDA multiple of 34.9x to our FY 27 estimate, a slight premium to its five-year historical average multiple at 31.9x. We increase our FY 26 EPS estimate by $0.45 to $8.24 and raise FY 27's by $2.21 to $18.05. LITE expects to set another quarterly revenue record in Q4, with over half the sequential growth anticipated from components and the remainder from systems, especially high-speed transceivers and OCS. LITE experienced significant supply-demand imbalances across multiple product lines, particularly for EMLs, pump lasers, and transceivers. Supply constraints were reported as even higher than previously disclosed, with shortages resulting in undershipping of customer demand and necessitating difficult allocation decisions among customers. In addition, certain manufacturing facilities remain underutilized, although initiatives are in place to improve utilization and margin contributions from these sites.
Lumentum's (LITE) pricing power continues to be a "standout" after it posted fiscal Q3 gross margins over 350 basis points above expectations, Morgan Stanley said in a Wednesday note.The firm can leverage its position in the market for electro-absorption modulated lasers and pump lasers, specifically by raising prices during tight conditions, the note said."With demand for product continuing to grow, that sets the stock up to maintain bull case valuation in the near term, as pricing power is unlikely to ease," the report said."This is even before we have really seen the ramp of optical circuit switching (OCS) and co-packaged optics (CPO), which don't become more material until later in the year," it added.Still, the note said some "digestion" would be healthy following the recent strong performance of its shares.Morgan Stanley raised its price target to $900 from $710 while keeping its equal-weight rating.Price: $935.74, Change: $-58.82, Percent Change: -5.91%
Lumentum Holdings (LITE) has an average rating of overweight and mean price target of $1,075.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1000.12, Change: $+5.56, Percent Change: +0.56%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Lumentum delivered exceptional Q3 FY26 results with record revenue of $808.4M (+21.5% Q/Q, +90.1% Y/Y) and non-GAAP EPS of $2.37, demonstrating remarkable operating leverage. Non-GAAP operating margins expanded 700 bps Q/Q to 32.2%, validating management's scaling strategy to meet hyperscaler demand. Both Components ($533.3M, +20.2% Q/Q) and Systems ($275.1M, +24.0% Q/Q) segments delivered robust growth, reflecting comprehensive positioning across AI infrastructure. Management's optimistic Q4 guidance signals sustained momentum with revenue midpoint of $985M (~22% Q/Q growth) and operating margins expanding to 35.0%-36.0%. The company remains sold out with significant supply-demand imbalance, undershipping customer demand by ~30% despite 40% capacity expansion progress. We believe the scalability of Lumentum's photonics platform positions it well to capitalize on AI buildout, with all EML capacity covered by LTAs through 2027 providing revenue visibility and pricing stability.
Lumentum Holdings (LITE) has an average rating of overweight and mean price target of $861.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $966.88, Change: $+64.56, Percent Change: +7.15%
Lumentum Holdings (LITE) has an average rating of overweight and mean price target of $861.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $210 to $1,000, applying an EV/EBITDA multiple of 39.1x to our FY 27 estimate, a premium to its five-year historical average of 31.9x. We increase our FY 26 EPS estimate by $0.19 to $7.79 and raise FY 27's by $1.44 to $15.84. LITE has developed a long-standing partnership with NVIDIA Corporation, resulting in a $2B investment and a multibillion-dollar purchase commitment, which highlights confidence in LITE's technology and future prospects. The current AI cycle is continually intensifying, leading to exponential increases in demand for optics vendors like LITE. This has required the company to rapidly expand capacity and retool its operations to meet hyperscaler time scales and volumes, pushing the company to scale faster and more aggressively than before. LITE has expanded its manufacturing capacity, quadrupling supply in its existing indium phosphide fabs over the past 12 to 18 months, and plans to further increase capacity by 20% over the next two quarters.
Technology stocks were edging higher premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 1.2%.Taiwan Semiconductor Manufacturing (TSM) shares were up more than 2% after the company reported Q1 net revenue of 1.134 trillion New Taiwan dollars ($35.69 billion), up from NT$839.25 billion.Lumentum Holdings (LITE) is seeing demand for its optical components among the US hyperscalers accelerating, putting it on course to fill its order books through 2028, Bloomberg News reported, citing Chief Executive Michael Hurlston. Shares of Lumentum Holdings were up more than 5% pre-bell.ASE Technology (ASX) stock was up more than 1% after the company reported unaudited net revenue of 61.58 billion New Taiwan dollars ($1.94 billion) for March, up 18% sequentially and 15% from a year ago.