Neville Rodie & Shaw Inc. Trims Holdings in Lumentum Holdings Inc. $LITE

Neville Rodie & Shaw Inc. cut its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 33.9% during the third quarter, HoldingsChannel reports. The firm owned 1,530 shares of the technology company’s stock after selling 785 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Lumentum were worth $1,486,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC purchased a new position in shares of Lumentum in the 3rd quarter worth approximately $28,000. Hilton Head Capital Partners LLC purchased a new stake in Lumentum during the 1st quarter valued at $25,000. Sachetta LLC lifted its position in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Lumentum in the second quarter worth $40,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Lumentum during the second quarter worth $41,000. 94.05% of the stock is owned by institutional investors.

Lumentum Trading Up 0.3%

Shares of NASDAQ LITE traded up $3.31 during trading hours on Monday, reaching $1,088.73. The stock had a trading volume of 1,930,987 shares, compared to its average volume of 5,509,354. Lumentum Holdings Inc. has a 52-week low of $147.81 and a 52-week high of $1,124.40. The firm has a market cap of $97.66 billion, a price-to-earnings ratio of -13.25 and a beta of 1.53. The business’s fifty day moving average price is $881.39 and its two-hundred day moving average price is $857.35. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the company posted $0.88 EPS. Lumentum’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 expect that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

LITE has been the topic of several recent analyst reports. UBS Group set a $820.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a research note on Monday. Stifel Nicolaus boosted their target price on Lumentum from $1,100.00 to $1,232.00 and gave the company a “buy” rating in a research report on Monday. Bank of America cut their target price on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,078.75.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analyst support strengthened. Rosenblatt Securities reaffirmed its “buy” rating and set a $1,300 price target, while Stifel Nicolaus raised its target from $1,100 to $1,232 and also assigned a “buy” rating. The higher targets reinforce expectations for additional upside. Lumentum Given Buy Rating at Rosenblatt Securities Lumentum Stock Gets Price Target Bump from Stifel Nicolaus
• Positive Sentiment: AI-driven demand remains the main catalyst. Recent coverage highlights expanding demand for Lumentum’s optical products from AI infrastructure and cloud-computing buildouts. Nvidia-related developments are also being viewed as a potential catalyst for the company’s AI-optics business. Nvidia Gave Lumentum Stock a New AI Catalyst Automatic Data Processing vs. Lumentum
• Positive Sentiment: Operating momentum is strong. Lumentum recently reported quarterly revenue of $1.01 billion, up 109.3% year over year, and adjusted EPS of $3.23, exceeding analyst expectations. Management’s next-quarter EPS guidance of $4.05 to $4.35 further supports the bullish outlook. Lumentum Revenue Growth Report
• Neutral Sentiment: Technical and valuation debate. Analysts and market commentators see potential for the rally to continue, but the stock’s record-level valuation and proximity to major resistance could increase volatility or prompt profit-taking. Lumentum Stock Hits Crucial Resistance Lumentum AI Optics Valuation Debate

Insider Activity

In related news, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the sale, the insider directly owned 108,320 shares of the company’s stock, valued at $102,362,400. This represents a 0.28% decrease in their ownership of the stock. The transaction 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, CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the transaction, the chief financial officer directly owned 75,074 shares in the company, valued at $78,715,089. This trade represents a 24.64% 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. Insiders sold 94,496 shares of company stock valued at $85,978,498 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Lumentum Company Profile

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.