Lumentum Holdings Inc. $LITE Shares Bought by N10 Assets LLC

N10 Assets LLC boosted its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 26.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,608 shares of the technology company’s stock after buying an additional 1,794 shares during the quarter. Lumentum accounts for approximately 3.1% of N10 Assets LLC’s investment portfolio, making the stock its 16th largest position. N10 Assets LLC’s holdings in Lumentum were worth $8,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LITE. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Lumentum during the first quarter valued at approximately $2,046,000. Styrax Capital LP grew its stake in shares of Lumentum by 3.6% during the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after buying an additional 4,837 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Lumentum by 21,806.5% in the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after buying an additional 73,706 shares during the period. Swiss National Bank raised its holdings in shares of Lumentum by 47.2% in the first quarter. Swiss National Bank now owns 208,015 shares of the technology company’s stock worth $146,185,000 after buying an additional 66,700 shares during the period. Finally, Patton Fund Management Inc. bought a new stake in shares of Lumentum during the 1st quarter worth approximately $5,201,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Stock Down 8.3%

Shares of LITE stock traded down $82.13 during mid-day trading on Wednesday, hitting $905.86. The stock had a trading volume of 3,199,061 shares, compared to its average volume of 5,477,539. Lumentum Holdings Inc. has a 12-month low of $152.54 and a 12-month high of $1,143.00. The firm has a market capitalization of $82.05 billion, a P/E ratio of -11.04 and a beta of 1.53. The firm’s 50-day moving average is $930.77 and its two-hundred day moving average is $873.79. 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) last announced its quarterly earnings results 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 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 for the quarter was up 109.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore initiated coverage on Lumentum in a report on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price objective for the company. Zacks Research lowered Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on Lumentum in a research note on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price on the stock. Bank of America decreased their target price on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus boosted 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 note on Monday, October 5th. Sixteen research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,078.75.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Stifel raised its price target for Lumentum from $1,100 to $1,232, signaling continued confidence in the company’s growth prospects. Stifel raised target for Lumentum stock
• Positive Sentiment: Lumentum’s order book is reportedly booked through early 2029, with demand exceeding available supply. This backlog supports revenue visibility and reinforces the company’s exposure to AI data-center buildouts. Lumentum’s Massive Backlog and Demand Justify Buying at Today’s Price
• Positive Sentiment: Recent commentary highlights potential for strong fiscal 2027 growth, improving free cash flow and a net cash position of approximately $1.1 billion. Lumentum also participated in a PCIe-over-optics demonstration for AI rack-scale systems. Lumentum: The Free Cash Flow Inflection
• Neutral Sentiment: Analyst views are mixed: Zacks Research downgraded Lumentum from “strong buy” to “hold,” while other coverage continues to describe the stock as a momentum or AI investment candidate.
• Negative Sentiment: Optical-networking stocks are experiencing a broad selloff after substantial year-to-date gains. Investors are taking profits and questioning whether AI infrastructure spending can remain durable enough to support current valuations. AI Funding Fears Hit Optical Networking Trade
• Negative Sentiment: Lumentum’s premium valuation makes the stock vulnerable to multiple compression if investors become less confident in long-term AI demand, even though product commitments and backlog remain strong. Lumentum Is Down After Long-Term AI Optics Commitments Raise Demand Questions

Insider Activity at Lumentum

In related news, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the transaction, the insider owned 108,320 shares of the company’s stock, valued at $102,362,400. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the sale, the chief financial officer owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. This represents a 24.64% decrease in their position. 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 valued at $85,978,498 in the last ninety days. Corporate insiders own 0.28% of the company’s stock.

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.