9,160 Shares of Lumentum Holdings Inc. $LITE Bought by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,160 shares of the technology company’s stock, valued at approximately $8,897,000. Lumentum makes up approximately 1.8% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 12th largest position.

Several other large investors have also recently added to or reduced their stakes in LITE. Red Spruce Capital LLC increased its position in 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 purchasing an additional 12 shares during the period. CYBER HORNET ETFs LLC boosted its position in Lumentum by 7.2% during the second quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock worth $179,000 after acquiring an additional 14 shares during the last quarter. Hilltop National Bank grew its position in shares of Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock valued at $61,000 after purchasing an additional 15 shares during the period. Sachetta LLC boosted its position in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. Finally, Kieckhefer Group LLC raised its stake in Lumentum by 0.8% during the third quarter. Kieckhefer Group LLC now owns 3,191 shares of the technology company’s stock worth $3,099,000 after purchasing an additional 25 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on LITE. UBS Group set a $820.00 target price on Lumentum in a research report on Wednesday, August 12th. Evercore initiated coverage on Lumentum in a research note on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price target for the company. Wolfe Research restated an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. Bank of America cut their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Finally, Morgan Stanley lifted their price objective on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,078.75.

Lumentum Trading Down 3.0%

LITE opened at $869.54 on Friday. The firm’s 50 day moving average is $932.80 and its 200-day moving average is $876.43. Lumentum Holdings Inc. has a 52-week low of $152.54 and a 52-week high of $1,143.00. 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 firm has a market capitalization of $78.76 billion, a P/E ratio of -10.58 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts expect that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 1,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 100,434 shares in the company, valued at approximately $83,141,273.88. This represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Also, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were 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 of the company’s stock, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 94,496 shares of company stock valued at $85,978,498 in the last three months. 0.28% of the stock is currently owned by company insiders.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analyst price targets remain above the current share price. A survey of 23 analysts produced an average target of $1,078.75, implying substantial potential upside, while Stifel raised its target from $1,100 to $1,232. These targets indicate that some analysts still expect strong demand for Lumentum’s photonics and optical components. 23 analysts set USD 1,078.75 target for Lumentum stock Stifel raised target for Lumentum stock
• Positive Sentiment: The long-term AI investment case remains intact. Investor commentary highlights Lumentum’s transformation from a cyclical smartphone laser supplier into a key provider of optical technology for AI infrastructure. Its recent earnings growth and stronger order book support the longer-term bullish thesis, although the article does not provide a new near-term catalyst. The Long-Term Investment Case for Lumentum
• Neutral Sentiment: Sector sentiment is deteriorating. Optical suppliers, including Lumentum, Coherent, and Applied Optoelectronics, are falling together as money rotates toward defensive sectors and investors question how quickly AI data-center projects will be funded. This appears to be a valuation and sentiment-driven pullback across the group. Optical Stocks Extend Slide as Money Rotates Into Defensives
• Negative Sentiment: Zacks downgraded LITE from Strong Buy to Hold. The less bullish recommendation is weighing on the stock, particularly after its substantial rally and amid broader concerns about AI infrastructure spending. Zacks downgrades Lumentum to Hold

About Lumentum

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.