3,178 Shares of Lumentum Holdings Inc. $LITE Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,178 shares of the technology company’s stock, valued at approximately $3,087,000.

Other hedge funds have also modified their holdings of the company. Jupiter Topco LLC acquired a new position in Lumentum during the 2nd quarter worth approximately $1,621,396,000. Amundi grew its position in Lumentum by 188.7% in the second quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after acquiring an additional 430,355 shares in the last quarter. WT Asset Management Ltd purchased a new stake in shares of Lumentum during the second quarter valued at approximately $494,688,000. Janus Henderson Group PLC raised its stake in shares of Lumentum by 163.2% during the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after purchasing an additional 351,676 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of Lumentum during the second quarter worth $376,539,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Stock Down 9.3%

Lumentum stock traded down $91.66 during midday trading on Wednesday, hitting $896.33. The stock had a trading volume of 5,697,826 shares, compared to its average volume of 5,491,531. The business has a fifty day moving average price of $930.77 and a 200 day moving average price of $873.79. Lumentum Holdings Inc. has a 12 month low of $152.54 and a 12 month high of $1,143.00. The stock has a market cap of $81.19 billion, a P/E ratio of -10.90 and a beta of 1.53. 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 released its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. Lumentum’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Insider Activity at Lumentum

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 75,074 shares in the company, valued at $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the sale, the insider owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. The trade was a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 94,496 shares of company stock worth $85,978,498. Corporate insiders own 0.28% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Stifel raised its price target for Lumentum from $1,100 to $1,232, signaling confidence in the company’s growth prospects and AI-related optical networking opportunity. Stifel raised target for Lumentum stock
• Positive Sentiment: Several investment articles highlighted Lumentum’s rapidly expanding backlog, demand exceeding supply, and optical components reportedly booked through 2029. The company is viewed as a key supplier of connectivity infrastructure for AI data centers. Lumentum’s Massive Backlog and Demand Justify Buying
• Positive Sentiment: Bullish coverage pointed to a potential free-cash-flow inflection, strong net cash, and substantial fiscal 2027 revenue growth as reasons the long-term investment case remains attractive, even after Lumentum’s significant 2026 gains. Lumentum free cash flow investment case
• Neutral Sentiment: Recent coverage continues to frame Lumentum as a leading photonics and AI-connectivity supplier, while noting that its strong share-price appreciation has increased expectations and valuation risk. What is Lumentum, the top pick in photonics?
• Negative Sentiment: The main catalyst for the decline is a sector-wide selloff in optical networking stocks. Investors are increasingly questioning how AI data-center projects will be financed and whether elevated infrastructure spending can continue at its current pace. Applied Optoelectronics and Coherent also fell sharply, amplifying pressure on Lumentum. AI funding fears hit optical stocks
• Negative Sentiment: Zacks Research downgraded Lumentum from “strong buy” to “hold,” adding to concerns that the stock’s momentum and valuation may have run ahead of near-term fundamentals.

Wall Street Analyst Weigh In

LITE has been the subject of several analyst reports. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus lifted their price target on shares of Lumentum from $1,100.00 to $1,232.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Needham & Company LLC reiterated a “buy” rating and issued a $1,040.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Raymond James Financial reissued an “outperform” rating and issued a $1,036.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Rosenblatt Securities restated a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a research note on Monday, October 5th. Sixteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $1,078.75.

About Lumentum

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.