Lumentum Holdings Inc. $LITE Stock: Wedmont Private Capital Boosts Stake

Wedmont Private Capital grew its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 93.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,065 shares of the technology company’s stock after acquiring an additional 1,479 shares during the quarter. Wedmont Private Capital’s holdings in Lumentum were worth $3,214,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jupiter Topco LLC purchased a new position in Lumentum in the second quarter worth about $1,621,396,000. Arrowstreet Capital Limited Partnership raised its position in Lumentum by 18.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares during the period. Amundi raised its position in Lumentum by 188.7% during the second quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after purchasing an additional 430,355 shares during the period. WT Asset Management Ltd bought a new stake in shares of Lumentum in the 2nd quarter valued at approximately $494,688,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Lumentum by 163.2% in the 1st 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 last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LITE shares. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a research report on Monday, October 5th. UBS Group set a $820.00 price target on Lumentum in a research report on Wednesday, August 12th. Bank of America dropped their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,036.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,078.75.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand is outpacing Lumentum’s manufacturing capacity, with shortages for certain optical products potentially lasting through 2028. The supply-demand imbalance supports strong order visibility, pricing power and elevated margins. Lumentum Can’t Keep Up With AI Demand—and Its Stock Is Surging
• Positive Sentiment: Management’s outlook suggests a multiyear growth opportunity as AI data centers shift from copper to high-speed optical networking. One analysis said Lumentum may be unable to meet about 70% of demand for some products through next year and highlighted management’s target of $40 in adjusted EPS by fiscal 2028. Lumentum: At The Point Of A Potential Upside Breakout
• Positive Sentiment: Analyst and market commentary characterized LITE as having a multiyear runway for growth, while Zacks added the stock to its Rank #1 Strong Buy list. The demand signal also lifted sentiment toward other optical-networking companies. Evercore ISI: LITE has a multiyear runway for growth ahead
• Neutral Sentiment: The bullish demand outlook follows a period of substantial gains and elevated investor expectations. Lumentum’s opportunity depends on expanding production successfully and converting its backlog into cash flow and earnings.
• Negative Sentiment: Optical stocks experienced broad profit-taking and sector-wide selling recently, underscoring valuation and execution risks after their sharp advances. Investors may also remain cautious about whether current AI demand can justify LITE’s high valuation. Optics Stocks Tumble as Profit Taking Cuts Into Big Yearly Gains

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 307 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the transaction, the insider owned 108,320 shares of the company’s stock, valued at $102,362,400. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 75,074 shares in the company, valued at $78,715,089. This represents a 24.64% 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. Over the last quarter, insiders have sold 94,496 shares of company stock valued at $85,978,498. Corporate insiders own 0.43% of the company’s stock.

Lumentum Trading Up 5.2%

Shares of NASDAQ LITE opened at $1,103.35 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The business’s 50 day moving average price is $923.68 and its 200-day moving average price is $869.95. Lumentum Holdings Inc. has a fifty-two week low of $147.81 and a fifty-two week high of $1,143.00. The company has a market cap of $99.94 billion, a price-to-earnings ratio of -13.42 and a beta of 1.53.

Lumentum (NASDAQ:LITE) 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. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. Lumentum’s revenue was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

Lumentum 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.