Lumentum Holdings Inc. $LITE Holdings Cut by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 56.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,163 shares of the technology company’s stock after selling 10,768 shares during the quarter. Leeward Investments LLC MA’s holdings in Lumentum were worth $7,929,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. EULAV Asset Management grew its stake in shares of Lumentum by 1,175.4% in the third quarter. EULAV Asset Management now owns 34,436 shares of the technology company’s stock worth $33,446,000 after acquiring an additional 31,736 shares during the period. Citizens Financial Group Inc. RI lifted its position in Lumentum by 26.0% during the third quarter. Citizens Financial Group Inc. RI now owns 1,764 shares of the technology company’s stock valued at $1,713,000 after purchasing an additional 364 shares during the period. Simplicity Wealth LLC lifted its position in Lumentum by 53.5% during the third quarter. Simplicity Wealth LLC now owns 433 shares of the technology company’s stock valued at $421,000 after purchasing an additional 151 shares during the period. Carolina Wealth Advisors LLC lifted its position in Lumentum by 49.7% during the third quarter. Carolina Wealth Advisors LLC now owns 214 shares of the technology company’s stock valued at $208,000 after purchasing an additional 71 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in Lumentum by 9.9% in the third quarter. Yousif Capital Management LLC now owns 7,678 shares of the technology company’s stock worth $7,457,000 after purchasing an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity at Lumentum

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of Lumentum stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the transaction, the insider owned 108,320 shares in the company, valued at $102,362,400. This represents a 0.28% 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 have sold 94,496 shares of company stock valued at $85,978,498 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: StoneX initiated coverage with a Buy rating and a $1,200 price target, citing Lumentum’s exposure to “critical scarcity points” in the optical networking supply chain. The call also lifted sentiment across related companies, including Applied Optoelectronics and Coherent. Lumentum Gains 3% as StoneX Starts at Buy With $1,200 Target
• Positive Sentiment: BNP Paribas raised its target for Lumentum to $1,425, adding another bullish analyst signal and reinforcing expectations for substantial upside tied to AI infrastructure spending. BNP Paribas Raises Target for Lumentum Stock to USD 1,425
• Positive Sentiment: Lumentum’s announced AI rack optics demonstration highlighted its efforts to address rapidly growing demand for high-speed data-center connectivity. Investors appear to view the technology as supporting the company’s position in AI-related compute infrastructure. Lumentum Announces AI Rack Optics Demonstration
• Neutral Sentiment: A market-data update reported zero shares sold short as of October 26, implying no measurable short-interest overhang. However, the figure conflicts with the description of a “significant increase” and may reflect a reporting error.
• Negative Sentiment: One analysis cautioned that Lumentum’s growth is constrained by indium phosphide fab capacity. Its longer-term earnings ambitions also depend heavily on scaling optical circuit switching, which may be less defensible than the company’s core laser products. Lumentum: Sold Out Is Not The Same As Scalable

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Sanford C. Bernstein started coverage on shares of Lumentum in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 target price for the company. Evercore assumed coverage on shares of Lumentum in a research note on Monday, August 31st. They set an “outperform” rating and a $1,100.00 target price for the company. Jefferies Financial Group increased their price target on Lumentum from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Bank of America cut their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,080.83.

Lumentum Price Performance

NASDAQ LITE opened at $818.10 on Tuesday. Lumentum Holdings Inc. has a 52 week low of $184.20 and a 52 week high of $1,143.00. The firm has a market capitalization of $74.11 billion, a P/E ratio of -9.95 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $923.08 and a 200-day moving average price of $784.46.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s quarterly revenue was up 109.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Lumentum Company Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.