71,116 Shares in Lumentum Holdings Inc. $LITE Acquired by Congress Asset Management Co.

Congress Asset Management Co. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 71,116 shares of the technology company’s stock, valued at approximately $69,072,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eastern Bank lifted its position in Lumentum by 12,875.5% during the third quarter. Eastern Bank now owns 28,546 shares of the technology company’s stock valued at $27,726,000 after purchasing an additional 28,326 shares during the period. Polaris Financial Partners acquired a new stake in Lumentum during the 3rd quarter worth about $1,407,000. CX Institutional purchased a new position in shares of Lumentum during the 3rd quarter valued at about $548,000. Versant Capital Management Inc raised its stake in shares of Lumentum by 60.4% during the 3rd quarter. Versant Capital Management Inc now owns 170 shares of the technology company’s stock valued at $165,000 after buying an additional 64 shares during the last quarter. Finally, Burkett Financial Services LLC purchased a new position in shares of Lumentum during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Price Performance

NASDAQ LITE traded up $41.73 during trading hours on Tuesday, reaching $1,133.40. The company’s stock had a trading volume of 4,247,459 shares, compared to its average volume of 5,508,691. The firm has a market capitalization of $101.67 billion, a price-to-earnings ratio of -13.79 and a beta of 1.53. Lumentum Holdings Inc. has a 1-year low of $147.81 and a 1-year high of $1,137.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company’s 50-day moving average is $888.99 and its two-hundred day moving average is $860.47.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Insiders Place Their Bets

In related 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 value of $25,732,287.00. Following the completion of the sale, the chief financial officer owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. The trade was a 24.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the company’s 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 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. Insiders sold a total of 94,496 shares of company stock worth $85,978,498 in the last three months. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen upped their target price on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Citigroup boosted their price target on Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Monday, September 28th. UBS Group set a $820.00 price objective on Lumentum in a research report on Wednesday, August 12th. Sanford C. Bernstein began coverage on shares of Lumentum in a research note on Wednesday, September 30th. They set an “outperform” rating and a $1,220.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,078.75.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts raised their targets. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300 price target, while Stifel Nicolaus raised its target from $1,100 to $1,232 and also maintained a “buy” rating. These targets imply further upside and reinforce the bullish view on Lumentum’s growth outlook. Lumentum Given Buy Rating at Rosenblatt Securities Lumentum Stock Gets Price Target Bump from Stifel Nicolaus
• Positive Sentiment: Recent financial performance has strengthened the investment case. Lumentum’s latest quarterly results exceeded analyst expectations, with revenue up more than 100% year over year and earnings above consensus. The company also issued strong fiscal first-quarter 2027 earnings guidance, helping fuel expectations for continued growth. Lumentum Stock Draws Higher Targets After Revenue Doubles
• Positive Sentiment: Technical momentum remains favorable. Reports say Lumentum has reached a new high and passed a technical buy point, with demand for its products—particularly from AI and data-center markets—supporting the rally. Lumentum Hits Buy Point and New High
• Neutral Sentiment: Upcoming earnings are the next major catalyst. Lumentum announced the reporting date for fiscal first-quarter 2027 results, placing greater focus on whether demand and margins can support its elevated valuation. Lumentum Announces Reporting Date
• Negative Sentiment: The stock is approaching technical resistance after a sharp advance. Its substantial rally increases the risk of profit-taking if upcoming results or guidance fail to exceed already-high expectations. Lumentum Stock Hits Crucial Resistance

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.