Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 10.2% during the 3rd quarter, Holdings Channel reports. The firm owned 11,737 shares of the technology company’s stock after buying an additional 1,090 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lumentum were worth $11,400,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Red Spruce Capital LLC raised its stake in shares of Lumentum by 0.4% during the 3rd quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock worth $3,108,000 after buying an additional 12 shares during the period. CYBER HORNET ETFs LLC lifted its position in shares of Lumentum by 7.2% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock valued at $179,000 after buying an additional 14 shares in the last quarter. Hilltop National Bank grew its stake in Lumentum by 26.8% in the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock valued at $61,000 after acquiring an additional 15 shares during the period. Sachetta LLC grew its stake in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after acquiring an additional 19 shares during the period. Finally, Kieckhefer Group LLC grew its stake in Lumentum by 0.8% in the 3rd quarter. Kieckhefer Group LLC now owns 3,191 shares of the technology company’s stock valued at $3,099,000 after acquiring an additional 25 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
LITE has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $1,250.00 price target on shares of Lumentum in a report on Tuesday. TD Cowen increased their price objective on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Needham & Company LLC reiterated a “buy” rating and issued a $1,040.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Stifel Nicolaus lifted their target price on shares of Lumentum from $1,100.00 to $1,232.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Finally, Bank of America cut their target price on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,080.83.
Check Out Our Latest Stock Analysis on LITE
Insider Buying and Selling
In other Lumentum news, CEO Michael Hurlston sold 548 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total value of $525,345.68. Following the transaction, the chief executive officer owned 186,951 shares in the company, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Yuen Wupen sold 1,500 shares of Lumentum stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the sale, the insider directly owned 100,434 shares in the company, valued at approximately $83,141,273.88. This trade represents a 1.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 94,496 shares of company stock worth $85,978,498 in the last ninety days. Company insiders own 0.28% of the company’s stock.
Key Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Lumentum’s optical and photonic products are benefiting from strong artificial-intelligence infrastructure demand. Management has indicated that capacity is booked through early 2029, supporting the long-term growth case. Lumentum Can’t Meet Demand. Can Its Valuation Hold Up?
- Positive Sentiment: Optics stocks, including Lumentum, recently rallied ahead of upcoming quarterly results, reflecting expectations that AI-related demand and raised guidance could support earnings. Optics Stocks Rally Ahead of Earnings
- Positive Sentiment: A Zacks growth-stock analysis highlights Lumentum’s potential for long-term, market-beating performance, although the article is based primarily on screening factors rather than a new company announcement. Why Lumentum Is a Top Growth Stock for the Long-Term
- Neutral Sentiment: Lumentum is being compared with Arm as a 2026 technology investment, with Lumentum positioned as an AI-infrastructure optical supplier. The comparison offers investment perspective but does not introduce a specific catalyst. Arm vs. Lumentum
- Negative Sentiment: Zacks downgraded Lumentum to Hold, adding near-term selling pressure and signaling that the stock’s valuation and risk-reward profile may be less attractive after its substantial advance. Zacks Downgrades Lumentum Stock to Hold
- Negative Sentiment: Recent analysis points to a valuation-driven AI sell-off: Lumentum declined sharply over several sessions even as demand remained strong, suggesting investors are taking profits and demanding stronger earnings revisions. Why Did Lumentum Stock Fall?
- Negative Sentiment: Investors are questioning whether Lumentum can sustain its elevated valuation while it works to meet demand. The broader AI-stock sell-off is weighing on sentiment despite capacity constraints and higher guidance. The AI Sell-Off Continues
Lumentum Price Performance
Shares of Lumentum stock opened at $822.51 on Wednesday. The stock has a market capitalization of $74.51 billion, a P/E ratio of -10.00 and a beta of 1.53. The business has a 50 day simple moving average of $931.93 and a two-hundred day simple moving average of $878.96. Lumentum Holdings Inc. has a 12 month low of $152.54 and a 12 month high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40.
Lumentum (NASDAQ:LITE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the company posted $0.88 earnings per share. The business’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. As a group, analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.
Lumentum 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.
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