1,469 Lumentum Holdings Inc. $LITE Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp lessened its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 33.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,863 shares of the technology company’s stock after selling 1,469 shares during the period. MADDEN SECURITIES Corp’s holdings in Lumentum were worth $2,781,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LITE. Latitude Advisors LLC bought a new position in shares of Lumentum during the third quarter worth $40,000. Roman Butler Fullerton & Co. increased its stake in Lumentum by 47.9% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 1,349 shares of the technology company’s stock worth $1,310,000 after purchasing an additional 437 shares in the last quarter. SYM FINANCIAL Corp acquired a new stake in Lumentum during the 3rd quarter worth approximately $209,000. Angeles Wealth Management LLC lifted its stake in Lumentum by 13.9% in the third quarter. Angeles Wealth Management LLC now owns 279 shares of the technology company’s stock valued at $271,000 after buying an additional 34 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Lumentum by 123.0% in the third quarter. Oppenheimer & Co. Inc. now owns 1,010 shares of the technology company’s stock valued at $981,000 after buying an additional 557 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: New bullish analyst coverage: StoneX initiated coverage with a Buy rating and a $1,200 target, citing “critical scarcity points” in optical components. BNP Paribas also raised its target to $1,425. These targets imply substantial upside and helped drive buying across the optical sector. StoneX starts coverage with USD 1,200 target for Lumentum stock
• Positive Sentiment: Strong AI-related demand: Reports indicate Lumentum’s AI components are effectively sold out, potentially through 2029. Demand for 200G EMLs, high-power lasers and other optical products is being driven by data-center and AI-compute expansion. Lumentum stock surges as AI components are sold out
• Positive Sentiment: Favorable industry backdrop: Evercore ISI said optical stocks are benefiting from AI-driven bandwidth requirements, improving fundamentals and tight supply. Lumentum, Ciena, Coherent and Nokia all participated in the sector rally. Analyst explains why optical stocks are moving higher
• Positive Sentiment: Product development: Lumentum’s demonstration of AI rack optics supports the company’s positioning in next-generation data-center connectivity. Its prior earnings report also showed revenue growth of 109.3% year over year and earnings above consensus, while management guided to $4.05–$4.35 in next-quarter EPS. Lumentum announces AI rack optics demonstration
• Neutral Sentiment: Earnings are the next catalyst: The rally has continued ahead of Lumentum’s upcoming results, increasing the importance of its outlook for AI demand, capacity expansion and margins.
• Negative Sentiment: Valuation and execution risks: Analysts caution that being sold out does not automatically mean demand can scale. InP-fab capacity constraints and reliance on optical-circuit-switching expansion could limit growth, while the stock’s sharp multi-year advance leaves it vulnerable to profit-taking if earnings or guidance disappoint. Lumentum sold out is not the same as scalable

Insider Activity

In other news, insider Vincent Retort sold 38,663 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the sale, the insider owned 78,440 shares in the company, valued at $66,877,159.60. This represents a 33.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total value of $10,230,960.00. Following the sale, the senior vice president owned 37,804 shares in the company, valued at approximately $32,230,934.32. This represents a 24.09% 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. In the last ninety days, insiders sold 94,496 shares of company stock valued at $85,978,498. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LITE shares. Citigroup upped their price target on shares of Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Monday, September 28th. Needham & Company LLC restated a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Sanford C. Bernstein began coverage on shares of Lumentum in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Lumentum from $1,100.00 to $1,232.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Finally, Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,080.83.

Lumentum Trading Up 5.9%

Shares of LITE stock opened at $866.18 on Wednesday. The firm’s fifty day moving average price is $921.02 and its two-hundred day moving average price is $786.82. Lumentum Holdings Inc. has a 1 year low of $184.20 and a 1 year high of $1,143.00.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum’s revenue was up 109.3% on a year-over-year basis. 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, equities research analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.