Silverleafe Capital Partners LLC decreased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 75.3% during the 3rd quarter, Holdings Channel reports. The firm owned 264 shares of the technology company’s stock after selling 803 shares during the period. Silverleafe Capital Partners LLC’s holdings in Lumentum were worth $256,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in LITE. Polaris Financial Partners bought a new position in shares of Lumentum in the third quarter valued at $1,407,000. CX Institutional bought a new stake in Lumentum during the third quarter worth $548,000. Versant Capital Management Inc raised its position in Lumentum by 60.4% during the third quarter. Versant Capital Management Inc now owns 170 shares of the technology company’s stock worth $165,000 after acquiring an additional 64 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in Lumentum in the third quarter valued at $28,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Lumentum in the second quarter valued at $337,000. Institutional investors own 94.05% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Citigroup lifted their price objective on shares of Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price target on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $1,073.25.
Key Headlines Impacting Lumentum
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Sanford C. Bernstein initiated coverage with an “outperform” rating and a $1,220 price target, citing Lumentum’s exposure to high-growth optical networking and AI infrastructure. Bernstein initiates coverage
- Positive Sentiment: Investors are also focusing on reports of NVIDIA’s approximately $2 billion commitment to expand Lumentum’s capacity and support joint development of data-center optics. The arrangement could improve revenue visibility as AI clusters require faster optical connections. NVIDIA AI infrastructure article
- Positive Sentiment: Market coverage has identified Lumentum as a potential “structural winner” from the shift toward optical networking in AI data centers. The company’s photonics products may benefit from rising data traffic, inference workloads and demand for high-speed connectivity. AI structural winners article
- Positive Sentiment: A Zacks analysis describes Lumentum as a strong growth stock, supporting the broader momentum narrative. Its latest reported quarter also showed revenue up 109.3% year over year, with EPS exceeding analyst expectations and fiscal first-quarter 2027 guidance of $4.05 to $4.35. Zacks growth stock analysis
- Neutral Sentiment: Seeking Alpha characterized LITE as a speculative buy, forecasting substantial future EPS growth but warning that the current valuation requires sustained revenue growth, margin expansion and strong execution. Lumentum AI network analysis
- Negative Sentiment: CFO Wajid Ali sold 24,542 shares worth approximately $25.7 million, reducing his direct stake by 24.64%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal. Other insider sales by Yuen Wupen were considerably smaller relative to his remaining holdings. Lumentum CFO SEC filing
Insider Activity at Lumentum
In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was 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 owned 75,074 shares in the company, valued at $78,715,089. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the transaction, 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 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 quarter, insiders sold 94,496 shares of company stock valued at $85,978,498. 0.43% of the stock is currently owned by corporate insiders.
Lumentum Stock Performance
Shares of Lumentum stock traded up $39.64 during trading on Friday, reaching $1,085.42. The company’s stock had a trading volume of 4,668,360 shares, compared to its average volume of 5,528,230. Lumentum Holdings Inc. has a 52 week low of $147.81 and a 52 week high of $1,091.61. 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 business’s 50-day moving average price is $874.94 and its 200-day moving average price is $854.11. The firm has a market cap of $97.36 billion, a PE ratio of -13.20 and a beta of 1.53.
Lumentum (NASDAQ:LITE – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts forecast that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.
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.
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