Bouvel Investment Partners LLC Sells 668 Shares of Lumentum Holdings Inc. $LITE

Bouvel Investment Partners LLC lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,953 shares of the technology company’s stock after selling 668 shares during the quarter. Lumentum comprises approximately 1.8% of Bouvel Investment Partners LLC’s investment portfolio, making the stock its 20th largest holding. Bouvel Investment Partners LLC’s holdings in Lumentum were worth $7,724,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Red Spruce Capital LLC boosted its holdings in shares of Lumentum by 0.4% in the 3rd quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock valued at $3,108,000 after acquiring an additional 12 shares during the last quarter. CYBER HORNET ETFs LLC raised its holdings in shares of 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 purchasing an additional 14 shares during the last quarter. Hilltop National Bank boosted its holdings in 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 last quarter. Sachetta LLC grew its position in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the period. Finally, Kieckhefer Group LLC grew its position in Lumentum by 0.8% during the 3rd 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.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum, Astera Labs, and Corning demonstrated a 1060 nm VCSEL-based PCIe-over-optics platform for AI rack-scale connectivity at the OCP Global Summit, reinforcing Lumentum’s role in next-generation AI infrastructure. Lumentum, Astera Labs, and Corning Demonstration
• Positive Sentiment: Recent commentary highlights a backlog extending into early 2029, with demand reportedly exceeding available supply. Supporters argue this visibility and an anticipated free-cash-flow inflection could justify the stock’s premium valuation. Lumentum’s Massive Backlog and Demand
• Positive Sentiment: Zacks included Lumentum among its preferred AI stocks on the pullback and identified it as a highly ranked momentum stock, reflecting continued bullish sentiment from some analysts. Three Best AI Stocks to Buy on the Pullback
• Neutral Sentiment: Analyst opinions are mixed, suggesting that strong AI-related growth prospects are increasingly balanced against valuation and execution risks. Mixed Analyst Opinions on Lumentum
• Negative Sentiment: Lumentum shares have fallen sharply alongside Applied Optoelectronics and Coherent in a sector-wide selloff. Investors are questioning whether AI infrastructure spending can remain strong enough to support sharply elevated valuations after substantial year-to-date gains. Lumentum Falls as Optics Selloff Hits the Sector
• Negative Sentiment: The stock’s rapid appreciation has prompted profit-taking concerns, while questions about long-term AI optics demand have overshadowed its fully booked capacity and near-term order visibility. Lumentum Down After AI Optics Demand Questions

Insider Buying and Selling

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at $78,715,089. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 business’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total value of $290,115.00. Following the transaction, the insider directly owned 108,320 shares in the company, valued at $102,362,400. This trade represents a 0.28% 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 94,496 shares of company stock worth $85,978,498 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Lumentum Price Performance

Shares of Lumentum stock traded down $7.42 on Tuesday, reaching $987.99. The company’s stock had a trading volume of 3,981,192 shares, compared to its average volume of 5,490,441. The company has a market capitalization of $89.49 billion, a P/E ratio of -12.02 and a beta of 1.53. Lumentum Holdings Inc. has a 52-week low of $152.54 and a 52-week high of $1,143.00. The stock has a 50-day moving average price of $927.99 and a 200-day moving average price of $872.31. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last announced its earnings results 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 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 last year, the firm posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LITE shares. Mizuho boosted their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Weiss Ratings lowered Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Stifel Nicolaus lifted their price target on Lumentum from $1,100.00 to $1,232.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price target on shares of Lumentum in a report on Monday, October 5th. Finally, Wolfe Research restated an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,078.75.

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.