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Lumentum (LITE) has an average rating of buy and mean price target of $1,142.92, according to analysts polled by FactSet.Price: $940.72, Change: $+5.02, Percent Change: +0.54%
Lumentum Holdings (LITE) has an average rating of buy and mean price target of $1,142.92, according to analysts polled by FactSet.
Lumentum Holdings (LITE) has an average rating of buy and mean price target of $1,140.54, according to analysts polled by FactSet.
Jae Kim, Senior Vice President, General Counsel, on August 25, 2026, sold 12,000 shares in Lumentum Holdings (LITE) for $10,231,015. Following the Form 4 filing with the SEC, Kim has control over a total of 39,439 common shares of the company, with 39,439 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000157046526000007/xslF345X05/form4-08282026_010820.xml
Vincent Retort, Executive Vice President, Global Reliability & Quality, on August 25, 2026, sold 38,663 shares in Lumentum Holdings (LITE) for $32,963,734. Following the Form 4 filing with the SEC, Retort has control over a total of 78,440 common shares of the company, with 78,440 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000164825626000008/xslF345X05/form4-08282026_010803.xml
Yuen Wupen, President, Global Business Units, on August 24, 2026, sold 1,500 shares in Lumentum Holdings (LITE) for $1,281,518. Following the Form 4 filing with the SEC, Wupen has control over a total of 91,729 common shares of the company, with 91,729 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000148955026000005/xslF345X05/form4-08262026_110800.xml
Vincent Retort, Executive Vice President of Global Reliability and Quality, on August 19, 2026, sold 2,483 shares in Lumentum Holdings (LITE) for $2,055,477. Following the Form 4 filing with the SEC, Retort has control over a total of 101,929 common shares of the company, with 101,929 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000164825626000006/xslF345X05/form4-08222026_120820.xml
Jae Kim, Senior Vice President, General Counsel, on August 19, 2026, sold 1,904 shares in Lumentum Holdings (LITE) for $1,576,169. Following the Form 4 filing with the SEC, Kim has control over a total of 38,170 common shares of the company, with 38,170 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000157046526000005/xslF345X05/form4-08222026_120806.xml
Yuen Wupen, President, Global Business Units, on August 19, 2026, sold 2,000 shares in Lumentum Holdings (LITE) for $1,690,805. Following the Form 4 filing with the SEC, Wupen has control over a total of 93,229 common shares of the company, with 93,229 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000148955026000004/xslF345X05/form4-08222026_120847.xml
Jae Kim, Senior Vice President, General Counsel, on August 15, 2026, sold 1,366 shares in Lumentum Holdings (LITE) for $1,242,281. Following the Form 4 filing with the SEC, Kim has control over a total of 45,973 common shares of the company, with 45,973 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000157046526000004/xslF345X05/form4-08192026_120815.xml
Vincent Retort, Executive Vice President, Global Reliability & Quality, on August 15, 2026, sold 3,183 shares in Lumentum Holdings (LITE) for $2,894,716. Following the Form 4 filing with the SEC, Retort has control over a total of 114,495 common shares of the company, with 114,495 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1633978/000164825626000005/xslF345X05/form4-08192026_120810.xml
(Updates with market moves at the end of the day, and other changes, if any.)The Nasdaq Composite and the S&P 500 rebounded Wednesday after a two-day decline, as tame consumer inflation in July prompted traders to trim bets for a Federal Reserve interest rate hike next month.The technology-heavy Nasdaq rose 0.5% to close at 26,588.49, while the S&P 500 climbed 0.3% to 7,748.50. The Dow Jones Industrial Average ended little changed at 53,770.27. Most sectors advanced, led by real estate and tech, while consumer discretionary saw the steepest decline.US annual consumer inflation came in at 3.4% in July, easing from 3.5% the month prior and marking the slowest pace of price growth since March, official data showed. Core inflation, which excludes volatile food and energy items, eased to 2.5% from June's 2.6%. Both prints matched the forecasts in a Bloomberg-compiled survey.On a month-on-month basis, consumer prices rose 0.1% in July following a 0.4% drop the month prior. Core prices rose to 0.2% after holding steady in June."Both the headline and core CPI in July were benign enough to reinforce our baseline forecast for a prolonged pause by the Federal Reserve over the remainder of the year," Oxford Economics said in a note. "Market expectations for a September rate hike have also downshifted on the back of the July CPI."The probability of the Fed keeping its benchmark lending rate unchanged next month increased to 60% Wednesday from 52% Tuesday, according to the CME FedWatch tool. The odds that the central bank will hike interest rates by 25 basis points fell to 40% from 48%.US Treasury yields were mixed, with the two-year yield down 1.5 basis points at 4.2% and the 10-year yield marginally higher at 4.69%.In company news, Super Micro Computer (SMCI) shares jumped 19%, the top performer on the S&P 500. Late Tuesday, the company issued an upbeat fiscal 2027 revenue outlook.Lumentum (LITE) followed Super Micro on the S&P 500, up nearly 14%. Late Tuesday, Lumentum delivered a fiscal fourth-quarter beat.Home Depot (HD) shares fell 3.1%, the biggest decline on the Dow, after the company said Chief Executive Ted Decker is taking a temporary medical leave of absence.West Texas Intermediate crude oil was down 0.3% at $82.99 a barrel in Wednesday late-afternoon trade, while Brent fell 0.2% to $88.71.The International Energy Agency projected a larger decline in global oil demand this year than previously estimated as the continued closure of the Strait of Hormuz weighs on consumption. Separately, the Organization of the Petroleum Exporting Countries lowered its global oil demand growth outlook for 2026 while projecting a stronger rebound for next year than previously estimated.Iran could "prolong" war with Washington until US President Donald Trump is out of office, CNN reported Wednesday, citing a top adviser to the commander of Tehran's Islamic Revolutionary Guard Corps.Spot gold rose 0.9% to $4,410.90 per troy ounce, while silver advanced 0.9% to $65.54 per ounce.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as traders digested a benign consumer inflation report and the latest batch of corporate earnings.The Nasdaq Composite was up 0.6% at 26,609.2 after midday Wednesday, while the S&P 500 rose 0.3% to 7,752.9. The Dow Jones Industrial Average advanced 0.1% to 53,829.5. The three indexes finished Tuesday trading lower for a second consecutive session.Among sectors, technology led the gainers intraday Wednesday, while communication services and consumer discretionary saw the steepest declines.US annual consumer inflation came in at 3.4% in July, easing from 3.5% the month prior and marking the slowest pace of price growth since March, official data showed. Core inflation, which excludes volatile food and energy items, eased to 2.5% from June's 2.6%. Both prints matched the forecasts in a Bloomberg-compiled survey.On a month-on-month basis, consumer prices rose 0.1% in July following a 0.4% drop the month prior. Core prices rose to 0.2% after holding steady in June. Both readings were in line with market projections."Both the headline and core CPI in July were benign enough to reinforce our baseline forecast for a prolonged pause by the Federal Reserve over the remainder of the year," Oxford Economics said in a note. "Market expectations for a September rate hike have also downshifted on the back of the July CPI."The probability of the Fed keeping its benchmark lending rate unchanged next month increased to 62% Wednesday from 52% Tuesday, according to the CME FedWatch tool. The odds that the central bank will hike interest rates by 25 basis points fell to 38%.US Treasury yields were lower intraday, with the two-year yield down 2.1 basis points at 4.2% and the 10-year yield falling one basis point to 4.67%.In company news, Super Micro Computer (SMCI) shares jumped nearly 18% intraday, the top performer on the S&P 500. Late Tuesday, the company issued an upbeat fiscal 2027 revenue outlook.Lumentum (LITE) followed Super Micro on the S&P 500 intraday Wednesday, up 17%. Late Tuesday, Lumentum delivered a fiscal fourth-quarter beat.Home Depot (HD) shares were down 2.9% intraday Wednesday, the biggest decline on the Dow, after the company said Chief Executive Ted Decker is taking a temporary medical leave of absence.Cisco Systems (CSCO) is scheduled to report its latest financial results after the closing bell Wednesday, along with others.West Texas Intermediate crude oil was down 0.2% at $83.06 a barrel intraday, while Brent fell 0.3% to $88.64.The International Energy Agency projected a larger decline in global oil demand this year than previously estimated as the continued closure of the Strait of Hormuz weighs on consumption. Separately, the Organization of the Petroleum Exporting Countries lowered its global oil demand growth outlook for 2026 while projecting a stronger rebound for next year than previously estimated.Iran could "prolong" war with Washington until US President Donald Trump is out of office, CNN reported Wednesday, citing a top adviser to the commander of Tehran's Islamic Revolutionary Guard Corps.Yemen's Iran-aligned Houthis killed six people in an attack on a container ship in the Bab el-Mandeb Strait, an alternative route to the Strait of Hormuz, CNBC reported. The US Central Command said in a post on X that its forces disabled the steering gear of a cargo vessel that allegedly attempted to transit the Gulf of Oman and breach its Iranian blockade.Gold was up 0.7% to $4,402.62 per troy ounce, while silver rose 1.1% to $65.48.
Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.5% higher.Lumentum Holdings (LITE) shares were up more than 8% after the company reported higher fiscal Q4 adjusted net income and net revenue, and issued fiscal Q1 outlook above analysts' expectations.Nebius (NBIS) stock was up more than 16% after the company reported Q2 revenue of $582.3 million, rising from $105.1 million a year earlier.CoreWeave (CRWV) shares were up more than 19% after the company posted a surge in Q2 revenue, increasing to $2.58 billion from $1.21 billion a year earlier.
Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.3% higher.Lumentum Holdings (LITE) shares were up more than 9% after the company reported higher fiscal Q4 adjusted net income and net revenue in addition to issuing fiscal Q1 outlook above analysts' expectations.
(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday and oil prices extended their rally amid growing uncertainty around the reopening of the Strait of Hormuz.The Nasdaq Composite was down 0.6% at 26,436.2 after midday Tuesday, while the S&P 500 lost 0.3% to 7,727.5. The Dow Jones Industrial Average slipped 0.2% to 53,871.7. Among sectors, communication services saw the steepest decline, while energy paced the gainers.Secretary of Iran's Supreme National Security Council Mohsen Rezaei said Tuesday that the Strait of Hormuz will remain closed as long as the US does not accept Tehran's conditions, Reuters reported.Previously, Pakistan's Defense Minister Khawaja Asif told Bloomberg that the US and Iran were close to "some sort of an arrangement."Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies, as well as demanding full compensation for war damages. In response, US President Donald Trump on Monday demanded compensation for those he claimed were killed and wounded by Iran's attacks.Trump recently indicated to the media that he's prepared to exert greater economic pressure on Iran instead of launching another military attack."Uncertainty over a US-Iran deal to end the war and reopen the Strait of Hormuz has grown after Trump demanded compensation for victims of Iranian-backed conflicts, responding to Tehran's reparations demands," Saxo Bank said Tuesday in a report. "The tougher stance lowers chances of a near-term agreement and keeps markets wary, as Iran ties any Hormuz deal with Oman to a broader accord with the US and Trump opts for economic pressure over new strikes."West Texas Intermediate crude oil was up 1.2% at $83.14 a barrel intraday, while Brent advanced 1.1% to $88.68. The US crude oil benchmark was on track for its fourth consecutive day of gains, while Brent is poised to stretch its rally to a fifth session.US Treasury yields were lower intraday, with the two-year rate down 1.5 basis points at 4.22% and the 10-year rate shedding 1.6 basis points to 4.68%.In company news, Nvidia (NVDA) said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for artificial intelligence infrastructure.The tech bellwether signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said late Monday.KKR shares jumped 6.7%, the best performer on the S&P 500. Apollo advanced 6.4%, the second-biggest gain on the index. Blackstone rose 4.3%, while BlackRock, Brookfield and Goldman were also higher. Nvidia was up 0.1%.AppLovin (APP) slumped 5.3%, the worst performer on the S&P 500, following a rating downgrade from BofA Securities.Sea (SE) reported stronger-than-expected second-quarter revenue as the Singapore-based company logged sharp annual gains in its e-commerce platform and the digital financial services business. Its shares jumped 14% intraday.Lumentum (LITE), CoreWeave (CRWV) and Super Micro Computer (SMCI) are scheduled to release their earnings reports after the markets close on Tuesday.In economic news, existing home sales in the US declined more than expected last month as rising prices and mortgage rates continued to weigh on homebuying activity, data from the National Association of Realtors showed.Spot gold edged down 0.4% to $4,372.79 per troy ounce, while silver dropped 0.5% to $64.97.
US equity markets were mostly trending higher before the open Tuesday as investors weigh fading optimism that the US and Iran would reach a quick resolution to their conflict and reopen the Strait of Hormuz.The S&P 500 edged up 0.1% and the Nasdaq added 0.3% in premarket activity, while the Dow Jones Industrial Average was slightly in the red. The indexes closed Monday's trading session lower.In a social media post Monday, President Donald Trump demanded compensation from Iran for casualties caused by its conflicts, attacks and suppression of protests."I see that representatives of the Islamic Republic of Iran are asking for compensation for the damage done to them during the last five month military conflict," according to Trump. "I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous, as led initially by General Soleimani."Iranian Foreign Minister Abbas Araghchi recently said there was no possibility of restarting negotiations with the US over a peace deal until it stops violating the memorandum of understanding signed between the two countries in June and compensates Tehran for those breaches, according to Iran-based Tasnim News Agency.Trump recently indicated to the media that he's prepared to exert greater economic pressure on Iran instead of launching another military attack.West Texas Intermediate crude oil increased 2% to $83.77 a barrel before the opening bell, while Brent advanced 1.8% to $89.30."Oil prices remain supported by uncertainty surrounding the Strait of Hormuz," ING Bank said in a report Monday. "Significant hurdles remain before any broader agreement is reached."US Treasury yields were moving higher in premarket action, with the two-year rate rising 1.4 basis points to 4.25% and the 10-year rate gaining 2.7 basis points to 4.73%.Shares of Nvidia (NVDA) inclined 1% pre-bell after the tech bellwether said it has partnered with six of Wall Street's largest financial institutions to raise more than $500 billion in third-party capital for the development of artificial intelligence infrastructure across its ecosystem.Hims & Hers Health (HIMS) dropped 6.2% after the company reported a wider-than-expected second-quarter loss. Trump Media & Technology (DJT) decreased 0.9% following an 8% decline at the close of Monday as it announced its latest quarterly earnings.Sea (SE), Cardinal Health (CAH), Elbit Systems (ESLT), On Holding (ONON), Tencent Music Entertainment (TME), and Smithfield Foods (SFD) are scheduled to release their latest financial results before the bell, among others. Lumentum (LITE), CoreWeave (CRWV) and Super Micro Computer (SMCI) report their earnings after the markets close.Tuesday's economic calendar has the existing home sales report for July at 10 am ET. The National Federation of Independent Business small business optimism index posted a 2.4-point increase for July to 99.8.Gold rose 0.4% to $4,438 per troy ounce, while bitcoin traded up 0.4% at $64,180.
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, with communication services and technology sectors helping lift the Nasdaq Composite and the S&P 500.The Nasdaq rose 0.5% to 25,639.2, with the S&P 500 up 0.2% to 7,468.9 after midday Monday. The price-weighted Dow Jones Industrial Average, which is home to old economy sectors, fell 0.4% to 51,954.8.Consumer staples, utilities, and materials led decliners. Energy was among the trio of gainers as investors weighed geopolitical developments.US Secretary of State Marco Rubio said Sunday night the US "remains open" to talks despite the weekend's violence, and an Iranian official said their side was similarly open to discussions, CNN reported.Iranian Interior Minister Eskandar Momeni is heading a high-level delegation to neighboring Pakistan at the invitation of his Pakistani counterpart, news reports said Monday. The trip comes after Iran's Foreign Ministry announced mediators continue to exchange proposals to get peace talks back on track after nearly two weeks of bombardment.The front-month US West Texas Intermediate slipped 0.2% to $82.35 a barrel, while global benchmark North Sea Brent edged up 0.2% to $88.29 a barrel.In precious metal markets, gold futures slipped 0.2% to $4,013.5, while silver futures climbed 1.3% to $57.06.Meanwhile, Yemen's Iran-aligned Houthis said on Monday they were imposing a naval blockade on Saudi Arabia, a move that widens the threat to global energy supplies and trade beyond the Gulf, Reuters reported.Most US Treasury yields rose, with the 10-year soaring 6.3 basis points to 4.6%. The two-year surged 5.5 basis points to 4.23%.In economic news, the Conference Board's measure of leading indicators declined by 0.2% in June, larger than the 0.1% decrease expected in a Bloomberg-compiled survey, following a 0.1% increase in May."Consumer spending is weakening, but strong business investment related to AI is expected to support economic activity while inflation continues to improve," said Justyna Zabinska-La Monica, Senior Manager of Business Cycle Indicators. "The Conference Board raised its forecast from 1.8% to 1.9% year-over-year GDP growth for 2026."In company news, Alphabet's (GOOG, GOOGL) Google is working on a new server chip that will allow it to serve its AI models to users more efficiently, The Information reported Monday, citing two people with direct knowledge of the matter. Shares of Google's parent rose 2.3% intraday.Barclays upgraded Lumentum (LITE) to overweight from equalweight, with a price target of $1,000. Shares of Lumentum traded 7.2% higher intraday, the top gainer on the S&P 500 and the Nasdaq.
Lumentum Holdings (LITE) has an average rating of buy and mean price target of $1,126.41, according to analysts polled by FactSet.
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
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