61,938 Shares in Lumentum Holdings Inc. $LITE Bought by Artemis Investment Management LLP

Artemis Investment Management LLP bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 61,938 shares of the technology company’s stock, valued at approximately $60,158,000.

Other institutional investors have also recently made changes to their positions in the company. Apella Capital LLC lifted its stake in Lumentum by 12.6% in the 3rd quarter. Apella Capital LLC now owns 625 shares of the technology company’s stock valued at $607,000 after purchasing an additional 70 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Lumentum during the third quarter worth approximately $287,000. Red Spruce Capital LLC raised its stake in Lumentum by 0.4% in the third quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock valued at $3,108,000 after buying an additional 12 shares during the period. Wealth Enhancement Trust Services Inc. lifted its position in shares of Lumentum by 79.3% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 649 shares of the technology company’s stock valued at $630,000 after buying an additional 287 shares during the last quarter. Finally, MRA Advisory Group lifted its position in shares of Lumentum by 13.0% in the third quarter. MRA Advisory Group now owns 2,296 shares of the technology company’s stock valued at $2,230,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

LITE has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Citigroup lifted their target price on shares of Lumentum from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Mizuho upped their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price objective for the company. One investment 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,078.75.

Lumentum Price Performance

Shares of NASDAQ:LITE traded down $62.13 during trading on Thursday, hitting $1,048.94. 2,801,720 shares of the company were exchanged, compared to its average volume of 5,481,003. Lumentum Holdings Inc. has a 1-year low of $147.81 and a 1-year high of $1,137.20. The company has a market capitalization of $94.09 billion, a P/E ratio of -12.75 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 business’s 50 day moving average is $908.79 and its 200-day moving average is $865.90.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The firm 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%.The business’s revenue was up 109.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. 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 News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI data-center demand remains the central bullish catalyst. Articles point to accelerating adoption of optical networking as data-center operators shift from copper connections, potentially supporting strong growth for Lumentum, Coherent, and Applied Optoelectronics. Why Light Is the New AI Bottleneck—And 3 Photonics Stocks to Play It
• Positive Sentiment: Investors are highlighting a potentially substantial opportunity from Nvidia’s faster-than-expected transition toward optical interconnects. One report estimates that the shift could represent as much as a $3.3 billion payoff for Lumentum if expected shipments materialize. Lumentum could see a $3.3 billion payoff
• Positive Sentiment: A recent analyst upgrade and favorable commentary have helped reinforce the long-term AI infrastructure narrative. Lumentum’s latest reported quarter also showed strong momentum, with revenue up 109.3% year over year and earnings exceeding consensus estimates.
• Neutral Sentiment: Valuation is now a key debate. After an approximately 25-fold three-year gain, one analysis argues the shares could still be undervalued by 36%, while other published targets cluster near the current trading range. That creates both support for the stock and a high bar for future results. Lumentum Stock May Be 36% Undervalued After AI Demand News
• Negative Sentiment: Profit-taking is weighing on the entire optics group after its extraordinary gains, with the biggest recent winners facing the heaviest selling. This broad sector retreat is the most immediate explanation for LITE’s decline. Optics Stocks Tumble as Profit Taking Cuts Into Big Yearly Gains
• Negative Sentiment: Reported insider activity is a further cautionary signal: the cited six-month data show numerous insider sales and no open-market purchases. These transactions may reflect diversification, but they can reinforce concerns after the stock’s steep appreciation.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 38,663 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the completion of the sale, the insider owned 78,440 shares in the company, valued at $66,877,159.60. This trade represents a 33.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the sale, the senior vice president owned 37,804 shares in the company, valued at $32,230,934.32. This represents a 24.09% 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 three months, insiders have sold 94,496 shares of company stock worth $85,978,498. 0.43% of the stock is owned by insiders.

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.